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Listing #18536

$1,359,750

Winnebago County, IL

Overview

  • $15,000Per acre
  • 90.65Total acres M/L
  • 90.65Lot size
  • 85Tillable acres M/L
  • $3,437Net taxes
Peoples Company is pleased to present 90.65 acres m/l of transitional development land within the city limits of South Beloit, Illinois. The farm consists of 89.06 FSA cropland acres m/l with the primary soil type of Kishwaukee silt loam and carrying a total PI of 127. The farm was recently improved by converting non-tillable acres into production. The farm is leased for the 2025 crop season.

South Beloit, Illinois is a growing city located on the Illinois-Wisconsin border. The city is midway between Lake Michigan and the Mississippi River and has access to Interstates 90, 39, and 43. This provides easy access to some of the largest markets in the Midwest and makes South Beloit an attractive option for businesses looking to expand or establish a logistical hub.

The farm is a prime candidate for future development as there is growing demand from city planners and the Greater Beloit Economic Development Corporation. The farm is currently zoned Commercial General and proposed as IL - Light Industrial. The city of South Beloit's future land use plan identifies the property as part of the I-90 Commercial Center for regional commercial development. There is also potential interest from neighboring landowners. There is a PBC Linear manufacturing facility to the south of the property and the Willowbrook Middle School to the east of the farm. Existing utilities include a 10" to 12" water line on the south side of the property, a sanitary sewer line running along the south and west sides of the farm, and electrical lines running along the north, east, and a portion of the south side of the farm.

A local engineer created a development concept to reflect the future land use plan for Light Industrial zoning. The farm has capacity for 11 light-industrial lots with access off Prairie Hill Road. Light Industrial businesses include production, processing, servicing facilities, theatres, warehousing, and much more, offering plenty of optionality. This is a concept, and any plans for the property would be subject to your own diligence and approvals with the city and county.

Land

Zoning
Commercial General
Gross Taxes
3,437.40
Net Taxes
3437.4
Parcel(s)
04-15-100-005
School district
Prairie Hill School District, Hononegah High School District

Building

Location

Address:
Prairie Hill Road, South Beloit, IL 61080 Get Directions
Directions:
From South Beloit, Illinois: Head east on Gardner Street, then take a right onto N 2nd Street and continue for 1.5 miles. Then, turn left/east onto Prairie Hill Road, and in 1 mile, the farm will be to the right/south.

Terms

Zoning
Commercial General
Legal description
Part of the East Half (E 1/2) of the West Half (W 1/2) of Section Fifteen (15), Township Forty-six (46), Range Two (2) East of the 3rd P.M. in Winnebago County, Illinois. Exact legal description to be taken from Title Commitment.

cash offers

Remaining terms and conditions are supplied per listing by the CMS.

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