$ 440,000
1167 Somonauks Road Somonauk, IL 60552
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$ 440,000
Est. payment | /mo
28.33 Acres Lot
$ 440,000
Est. payment | /mo
28.33 Acres Lot
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
Zoning AGRIC
Interior
Fireplace N
Exterior
Utilities Available Electric to Site
Waterfront false
View Y/N true
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
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Amy Rogus • Century 21 Integra
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