0000 S Spencer Street Montgomery, IL 60538
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!
- Property TypeLand
- NeighborhoodN/A
- CountyKane
- Taxes$1,038
- HOA/Condo/Coop Fees$0
- Days on Site39 Days
- MLS StatusActive
- MLS ID Number11979973
- Home Size Source N/A
- Year BuiltN/A
- Lot Size21.77 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Acreage 21.77
- Zoning AGRIC
- General Information Flood Zone ( Partial)
- Lot Size 10.0-24.99 Acres
- Parking Total 0
Interior Features
- Utilities Electric NearbyGas NearbySanitary SewerWater Nearby
Exterior Features
- Waterfront Property No
Community Features
- Township Aurora
- MLS Area Montgomery