MGW Real Estate Information
The Crown Point Farm
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Price : $14,760 per acre
County: Lake

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269
Email: Mark.Mommsen@mgw.us.com
Property Details
Location:

The subject farm is located approximately 55 miles southeast of Chicago O'Hare International Airport. Nearby towns include: Merrillville, 4 miles to the northeast, Winfield, 8 miles east, and Cedar Lake, 7 miles southwest.
Frontage:

There is approximately 1/2 mile of road frontage on Indiana 55 (N. Main Street).
Major Highways:

Interstate 65 is 2 3/4 miles east, Federal Highway 30 is 1 3/4 miles north, and Federal Highway 231 is 1 1/2 miles south.
Legal Description:

A brief legal description indicates the Crown Point Farm is located in Part of the West Half of Section 32, Township 35 North-Range 8 West, Ross Township, Lake County, Indiana.
Total Acres:

There are a total of 135.5 acres, more or less, according to the Lake County Assessor's Office.
Tillable Acres:

There are 111.5 tillable acres according to the Lake County FSA Office.
Soil Types:

Major soil types found on this farm include Elliott silt loam, Pewamo silty clay loam, Alida loam, and Markham silt loam.
FSA Data:

The FSA direct corn yield is 111 bushels per acre and the FSA corn base is 61.8 acres. The FSA direct bean yield is 27 bushels per acre, the FSA bean base is 49.5 acres. There are no wetlands and no highly erodible lands.
Topography:

The topography of the subject farm is level to gently rolling.
Climate/Growing Season:

Lake County Indiana has a humid continental climate, with cool winters and warm, irriguous summers. The average length of the growing season is nearly 155 days. The average high/low temperatures is around 84 F/64 F. Annual precipitation averages about 41.5 inches with over two thirds of this coming during the growing season. Snowfall averages about 40 inches per year. This climate, combined with the generally excellent soils in this area, provide a nearly ideal environment for the production of corn and soybeans.
Mineral Rights:

All mineral rights owned by the seller will be transferred in their entirety to the new owner.
Possession:

Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Price and Terms:

The asking price is $14,760 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
Financing:

Mortgage financing is available from several sources including 1st Farm Credit and local banks. Additional names and addresses will be provided upon request.
Taxes:

The 2010 Real Estate Taxes totaled $8,049.32. The tax parcel numbers are 45-12-32-151-002, 45-12-32-151-003, 45-12-32-176-005, 45-12-32-176-006, 45-12-32-176-007, 45-12-32-176-008, 45-12-32-176-009, 45-12-32-176-010, 45-12-32-301-003, 45-12-32-326-001, and 45-12-32-326-002.
Grain Markets:

There are a number of grain markets located within 10 miles of the Crown Point Farm.
Zoning:

76.5 acres of the farm are zoned R-2 Residential, and 58.99 acres are zoned B-3 Commercial.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
El Elliott silt loam 53.1 150 7965
Pc Pewamo silty clay loam 33.7 160 5392
Al Alida loam 13.1 155 2031
MaB2 Markham silt loam 10.4 130 1352
Wa Wallkill silt loam 1.1 165 182
Ca Houghton muck 0.1 151 15
    Total: 111.5    

TOTAL ACRES - 135.5 acres, more or less
TILLABLE ACRES - 111.5 acres, or 82.3% per FSA figures
CORN YIELD - 151.9 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 125.0 bushels per acre, based on total acres

Disclaimer : Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.