$699,000
$161K PRICE DROP

201 N 700 Rd E Herrick, IL 62431

Estimated payment $3,786/month

Total Views 25,361
120 Acres
$5,825 Price per Acre
5,227,200 Sq Ft Lot

Highlights

  • 120 Acre Lot
  • Pond
  • Agricultural
  • Cowden-Herrick Elementary School Rated 10
  • No HOA

About This Lot

120 Acres – Hunting • Recreation • Income-Producing Farmland with Creek Frontage Motivated seller! This rare 120-acre tract blends productive farmland with private, scenic recreation ground. You’ll get 56 tillable acres plus 64 acres of mature woods, offering excellent hunting, natural cover, and year-round outdoor enjoyment. The property features nearly 1 mile of frontage on Beck’s Creek and a secluded 0.5-acre pond—great for fishing, wildlife viewing, or just relaxing. The area is full of beautiful wildlife and makes an ideal setting for anyone who loves the outdoors. A rustic cabin is already in place, complete with a loft, kitchen, bathroom, electricity, internet receiver, and city water. There’s also a septic pond and a spring-fed well on-site (currently unused). Multiple building sites give you flexibility for a future home, barndominium, or additional weekend retreat. The setting is quiet and private with very little road traffic, yet you’re only minutes from Cowden and about 30 minutes from Shelbyville for full services, dining, and shopping. Whether you're looking for a hunting getaway, recreational escape, or a strong land investment, this property checks all the boxes.

Listing Agent

Kyle Olsen

RE/MAX Professionals Brokerage Phone: 217-816-1467 License #475206742 Listed on: 12/19/2024

RE/MAX Professionals

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,873

Lot Details

  • 120 Acre Lot
  • Lot Dimensions are 4000 x 1700
  • Few Trees

Home Design

  • 500 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Cowden Herrick High School

Farming

  • Agricultural

Utilities

  • Private Water Source
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 07230700200003

Community Details

Overview

  • No Home Owners Association

Recreation

  • Pond
  • Creek On Lot

Property Details

Property Type

Land

Est. Annual Taxes

$1,873

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Farm
  • Above Grade Finished Sq Ft: 500
  • Building Stories: 1
  • PrincipalMeridian: 3
  • Attribution Contact: Pref: 217-816-1467
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 500

Exterior Features

  • Lot Features: Agricultural, Creek, Pond/Lake, Trees-Moderate
  • Road Surface Type: Gravel
  • Other Structures: Second Residence
  • 100YearPlain: Unknown

Utilities

  • Utilities: Electricity Available
  • Water Source: Private, Public, Septic System

Condo/Co-op/Association

  • MandatoryAssocMonthlyFeeYN: No
  • MandatoryAssocAnnualFeeYN: No

Schools

  • High School: Cowden Herrick

Lot Info

  • Zoning: Agricultural
  • Lot Size Acres: 120
  • Lot Size: 4000 x 1700
  • Cultivated Acreage: 56
  • Wooded Area: 64
  • Additional Parcels Description: 07230600400005
  • Parcel #: 07230700200003
  • CropShareLease: No
  • MineralRights: 0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1873.13
  • TaxExemptions: None

Map

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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $798 $11,816 $8,876 $2,940
2023 $731 $10,648 $7,959 $2,689
2022 $690 $9,554 $7,105 $2,449
2021 $663 $8,825 $6,488 $2,337
2020 $639 $8,416 $6,079 $2,337
2019 $639 $8,043 $5,706 $2,337
2018 $619 $7,289 $5,119 $2,170
2017 $192 $6,984 $4,814 $2,170
2016 $192 $6,707 $4,537 $2,170
2015 -- $6,476 $4,306 $2,170
2014 -- $6,313 $4,143 $2,170
2013 -- $6,230 $4,060 $2,170
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2025 06/23/25 Price Changed $699,000 -2.9% $1,398 / Sq Ft
06/03/2025 06/03/25 Price Changed $720,000 -7.7% $1,440 / Sq Ft
04/18/2025 04/18/25 Price Changed $780,000 -6.0% $1,560 / Sq Ft
02/24/2025 02/24/25 Price Changed $830,000 -3.5% $1,660 / Sq Ft
12/19/2024 12/19/24 For Sale $860,000 -- $1,720 / Sq Ft
Source: RMLS Alliance

Source: RMLS Alliance

MLS Number: CA1033620

RMLS Alliance

APN: 0723-06-00-400-005