Property Description

INVESTMENT OPPORTUNITY! 17.84 acre solar field with a 20 year lease and 3-5 year extension options. Easement in place through 2662 Rt 26 North. Rent is $900/acre annually with a gross annual income of $16,056 with a 1% annual escalation. Lease began 11/03/2020. ROI of 6%. (2662 IL Rte 26 N, Freeport also for sale please see MLS#20210323 – Home and 26 Acres) PLEASE SEE ASSOCIATED DOCS FOR LEASE INFORMATION.

Location
US
IL
Stephenson
Freeport
61032
IL Rte 26 N
TBD
W90° 22' 5.1''
N42° 17' 46.3''
Additional Information
04/07/2021 14:48:31
ACTIVE
$14,013

TBD IL Rte 26 N Freeport, Illinois 61032

Commercial land For Sale
$250,000

Reference ID: 20210345

Basic Details
Property Type : Commercial land
Ref ID : 20210345
Price : $250,000
Acres : 17.84
Agent info
Jim Sullivan
Contact Agent