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$ 440,000

Est. payment -/mo

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1167 Somonauks RD Somonauk, IL 60552

28.33 Acres Lot

UPDATED:

10/17/2024 08:02 AM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12181074

Annual Tax Amount $16,097

Tax Year 2023

Lot Size 28.330 Acres

Lot Dimensions 1281X920X1281X920

Property Description

INCOME PRODUCING SOLAR FIELD; This field is 28.337 acres (subject to final survey). Phase I is up and running; Phase 2 construction is complete and coming on-line soon. Rent started at $800 / per leased acre / per year with 1.5% increases annually. Initial contract is a 20-year lease with 3 renewal options; a 10-year and two 5-year renewals. The solar company has an access easement thru the driveway of the house to the east. A copy of the lease with the Solar Company will be available to serious buyers. The solar company pays all of the real estate taxes. This property is incorporated into the Village of Somonauk.

Location

State IL

County Dekalb

Area Somonauk

Zoning AGRIC

Interior

Fireplace N

Exterior

Utilities Available Electric to Site

Waterfront false

Building

Dwelling Type Land

Schools

Elementary Schools James R Wood Elementary School

Middle Schools Somonauk Middle School

High Schools Somonauk High School

School District 432 , 432, 432

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Amy Rogus • Century 21 Integra

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