150-acre Generational Family Farm in Morgan County, IL
For the first time in more than 75 years, this generational family farm in Morgan County, Illinois, is being offered for sale. Located just south of Waverly and only 30 minutes from Springfield, this rare multi-use property brings together a long history of production with established agriculture and cattle-farm infrastructure.
This farm consists of 83+/- acres of productive tillable farmland, currently planted in corn under a cash rent lease. Corn has consistently produced over 200 bushel/acre and in 2025 the soybean crop yielded 82 bushel/acre. The crop acres are well managed and very accessible. Two large grain bins of 10,000-bushel and 6,500-bushel capacity along with two functional silos add to the functionality of the farmland.
In addition, the property has approximately 35 acres of timber, three small ponds, and ample open acres for pastureland, building sites, or wildlife food plots. The remaining cattle farm infrastructure, including a 1,100 square foot farmhouse, and multiple large outbuildings, sit on approximately 10 acres on the Southeast corner of the property.
County road frontage with electric and public water on the South and West sides of the farm make for great access and fantastic potential future build sites.
Not to be overlooked, is the fantastic hunting potential of this property. The timber consists of thick wooded draws that create miles of edge habitat that wildlife love. With abundant agricultural all around, food is always available. The natural layout of this farm with great access, edge, and open areas make up the key ingredients for a great hunting property.
This Morgan County farm offers a rare combination of proven production, investment value, and recreational appeal. With its agricultural and cattle history, income-producing tillable acres, and diverse mix of timber, ponds, and open ground, it is well suited for buyers seeking a true multi-use property.
Call Land Agent Dane Werner today for a private showing!
Property Features
• 150 acres in Morgan County, IL. Two separate parcels to be sold together
• 83 +/- acres of productive farmland
• 1,100 square foot 3 bed/1 bath farmhouse with three porches
• Huge 92’ x 150’ cattle barn
• 55’ x 42’ machine shed with work bench and air compressor
• 30’ x 40’ commodity shed
• 26’ x 48’ hoop building for hay or equipment storage
• Multiple other older outbuildings
• 2 grain bins. 10,000-bushel and 6,500-bushel capacity
• 3 silos, 2 that are functional.
• Approximately 35 acres of timber
• Ample open areas for pastureland, building sites, or wildlife food plots
• County road frontage on south and west sides with utilities
• Great hunting potential
• 3 small ponds
• 6 miles southwest of Waverly, IL
• 30 miles from Springfield, IL
• Just over an hour from the St. Louis Metro
Active
Listed by: Midwest Land Group LLC • Dane Werner • 573-521-9061
$1,800,000
3252 Stayton Dairy Rd, Waverly, IL 62692
0beds
--baths
1,100sqft
Farm
Built in 1960
150 Acres Lot
$-- Zestimate®
$1,636/sqft
$-- HOA
What's special
Multiple other older outbuildings
- 72 days
- 162
- 4
Zillow last checked:
Listing updated:
Listed by:
Dane Werner 573-521-9061,
Midwest Land Group LLC
Source: MARIS,MLS#: 26051271
Originating MLS: Southwestern Illinois Board of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
Heating
- Electric
Cooling
- Central Air
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 1,100 sqft
- Finished area above ground: 1,100
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Carport spaces: 1
Lot
- Size: 150 Acres
Details
- Parcel number: 1933100004
- On leased land: Yes
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Farm
Materials
- Vinyl Siding
Condition
- Year built: 1960
Utilities & green energy
- Electric: Three Phase
- Water: Public
Community & HOA
Location
- Region: Waverly
Financial & listing details
- Price per square foot: $1,636/sqft
- Tax assessed value: $189,510
- Annual tax amount: $7,246
- Date on market: 8/10/2026
- Listing terms: 1031 Exchange,Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $1,800,000$1,636/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,987 +12.7% | $63,170 +4.4% |
| 2023 | $4,427 +62.8% | $60,480 +0.5% |
| 2022 | $2,718 -6.7% | $60,200 +26% |
| 2021 | $2,913 -36.9% | $47,780 -24.6% |
| 2020 | $4,620 +11.3% | $63,400 +1.3% |
| 2019 | $4,152 -0.9% | $62,590 +0.4% |
| 2018 | $4,188 -1.6% | $62,370 -1.5% |
| 2017 | $4,258 | $63,340 +0.3% |
| 2016 | $4,258 0% | $63,170 +0.2% |
| 2015 | $4,258 -1.4% | $63,030 +0.9% |
| 2014 | $4,317 +17.8% | $62,480 +0.2% |
| 2013 | $3,663 | $62,380 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 62692
Nearby schools
Schools provided by the listing agent
- Elementary: Waverly Dist 6
- Middle: Waverly Dist 6
- High: Waverly
Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.