Excellent opportunity to purchase income-producing AG land just north of White Hall along HWY 67. This 52 +/- acre farm is virtually 100% tillable and comes with a long-term $400/ac cash rent contract. The land is accessed via HWY 67 on the west and Clark Ave to the south.The investment value of this property plays out both in the short run and long run. An aggressive cash rent provides over $20,000 annually. Moreover, there is a potential IRS Section 180 tax advantage when purchasing the farm, allowing possible depreciation in year 1. (Contact Broker for details) The long-term investment potential comes with the property's transitional location. Bordered to the north by a new single-family subdivision, this property has utilities nearby and is positioned in the heart of development along the HWY/White Hall.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
