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Saline Co. Illinois Farm For Sale
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This property is located about 6 mile North East of Eldorado Illinois. The seller owns and farms 10,000 acres in the area. He also owns machinery dealerships and an interest in a chain of banks in Southern Illinois. The seller has a requirement that he be able to rent it back for 3 years at a rate equal to 5% return on your investment. The asking price is almost $4100 per acre according to the write up I received from the agent. He says he is unwilling to present anything under $4000 per acre as they have already had offers in the high $3000's. The property is at least 80% flood ground. The owner reports they have never lost a crop to high water in the 20 years they have farmed the property. There is 140 acres tilled. The seller also runs a tiling company and feels the rest does not need it. As you can see in one of the pictures there is a wash out in a levee along the road that may need some attention. There is also 4 grain bins on the property. Taxes are $4000+-. This property is listed with a broker other than myself.
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