0000 S Spencer ST Active Save Request In-Person Tour Request Virtual Tour
Montgomery,IL 60538
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11979973
Annual Tax Amount $1,038
Tax Year 2022
Lot Size 21.770 Acres
Property Description
Here's a rare and promising opportunity to acquire 21.77+/-acres of tillable farmland located in a highly desirable area bordering the Village of Montgomery. The property boasts convenient access with approximately 325 feet of frontage along fully paved Spencer Street. The land has historically been utilized for agriculture, with crop rotations between corn and soybeans. The topography is largely level, and benefits from an excellent productivity index (PI) of 143. The soil composition primary consists of Drummer silty clay loam and Dresdin silt loam. For the upcoming year of 2025, the farm tenancy is open, offering flexibility for the new owner. Surrounding the property are a blend of residential homes and businesses to the north and west, while the southern and eastern borders abut agricultural fields. Additionally, the property's northern edge is adjacent to the Virgil Gilman Trail, a popular recreational trail for walking and biking. Notably, a recently constructed 22X42ft metal-sided outbuilding with solar-lighting is conveniently situated in the northwest corner of the property. Subject to proper zoning approval from the county, this site presents an ideal opportunity for development. It is uncommon to find such a large tract of tillable land in close proximity to residential subdivisions, schools, golf courses and public transportation. This property offers a unique combination of tillable farmland, location, access, and development potential, making it an attractive investment opportunity!
Location
State IL
County Kane
Area Montgomery
Zoning AGRIC
Exterior
Utilities Available Electric Nearby,Gas Nearby,Sanitary Sewer,Water Nearby
Waterfront false
Building
Dwelling Type Land
Schools
School District 131 ,131, 131
Others
Special Listing Condition None