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Jeff Waddell
Jeff Waddell
Martin, Goodrich & Waddell, Inc.

The Lake Forest Property

U.S. Route 67, Milan, Illinois 61264 - Rock Island County
$397,850 73 Acres
Property ID 2905869


Total Acres: There are a total of 73 acres, more or less, according to the Rock Island County Assessor's Office.

Tillable Acres: There are approximately 38 tillable acres.

Soil Types: The primary soil type on this property is Greenbush silt loam. The cropland Productivity Index is 121.2

Topography: The topography of the subject property is level to rolling.

Price and Terms: The asking price is $5,450 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.

Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.

Taxes: The 2015 real estate taxes totaled $840.72. The tax parcel number is #16-36-300-001.

Grain Markets: There are a number of grain markets located within 15 miles of The Lake Forest Property.

Zoning: The Lake Forest Property is zoned Residential.

Comments: Future development potential. Part of an available TIF district in the village of Milan. Well-located in the Quad Cities Metropolitan Area. Concept plans for a mixed residential development are available. An excellent recreational property with cropland income. Seller is a licensed Illinois real estate broker.


Location: The subject property is located approximately 141 miles southwest of Chicago O'Hare International Airport, within the village of Milan, and contiguous to Oak Grove. Nearby cities include: Rock Island (1/2 mile west), Moline (1 1/4 miles northeast), Davenport (5 1/2 miles northwest), and Bettendorf (7 1/2 miles northeast).
Frontage: There is approximately 970 feet of road frontage on U.S. Route 67.
Major Highways: U.S. Route 67 is the west border of the property, Interstate 280 is 1 3/4 miles north, Interstate 74 is 4 1/4 miles northeast, and Interstate 80/88 is 13 3/4 miles northeast of the property.
Legal Description: A brief legal description indicates The Lake Forest Property is located in Part of the Southwest Quarter of Section 36, Township 17 North - Range 2 West (Blackhawk Township), Rock Island County, Illinois.

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Accredited Land Consultant - Realtors Land Institue

Jeff Waddell

Martin, Goodrich & Waddell, Inc.

2020 Aberdeen Ct
Sycamore, IL 60178

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    NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.