21.77 Acres in Montgomery, IL - $996,000

This is a rare and promising opportunity to acquire 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 average productivity index (PI) of 143. The soil composition primarily 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 is 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 22X42 foot 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!