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
0 Bed
0 Bath
0 sq.ft
$0 per sq.ft
Ranch
$ 1,800,000
Active
0
26051271
0
0
n/a
WAVERLY DIST 6
Morgan
Farm
Ranch
Farm
$7,246
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 440 West State Street, Waverly, IL 62692 | 3/1 | 1,056 | $150,000 | $140,000 93.3% of ask |
Jul 31, 2026 |
| 3407 Castleberry Road, Waverly, IL 62692 | 5/4 | 2,094 | $550,000 | $550,000 100% of ask |
Jun 17, 2026 |
| 475 S PEARL, Waverly, IL 62692 | 3/1 | 1,100 | $24,900 | $17,000 68.3% of ask |
Mar 17, 2026 |
| 155 E Brown Street, Waverly, IL 62692 | 2/2 | 1,372 | $169,900 | $160,000 94.2% of ask |
Jun 27, 2025 |
| 420 Scott Road, Waverly, IL 62692 | 3/2 | 1,620 | $269,900 | $270,000 100% of ask |
Oct 13, 2023 |
| 3405 Castleberry Road, Waverly, IL 62692 | 4/4 | 3,041 | $450,000 | $445,000 98.9% of ask |
Jan 10, 2020 |
Estimate your monthly payment. Adjust the sliders below.
Estimate only. Not a loan offer. Consult a lender for an accurate quote, including HOA fees, PMI, and current rates.
Restaurant-ready commercial property located directly on the Waverly town square. This approximately 7,000-square-foot property includes two connected, two-story buildings and is currently operating as an income-producing business. The south building dates to 1890, and the north building was constructed in 1901. The main level is equipped for restaurant or food-service use and includes a built-in grill, double freezers, vented exhaust systems, wine and bar refrigeration, dishwasher, ovens, and additional commercial kitchen equipment. Much of what is needed to begin operations is already in place, making this a strong option for a restaurant, bar, catering business, bakery, or similar concept. Each floor offers approximately 3,500 square feet. The unfinished upper level provides plenty of room for storage or future expansion and could potentially be developed into offices, event space, studios, or additional commercial space. Additional features include wood flooring, brick and metal siding, central air, forced-air heat, ceiling fans, full utility connections, a ramp entrance, and wide doorways. The property sits on approximately 0.15 acres in a visible downtown location with convenient highway access and is about 30 minutes from Springfield. The sellers are motivated and will consider all reasonable offers. This is an opportunity to purchase an established commercial property with restaurant infrastructure already in place and room to grow.
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
Showings Start 5/25/26 New Roof and Gutters in 2026 Small-town charm meets everyday comfort at 440 W State St in Waverly, Illinois. From the spacious fenced backyard to the dual garages and inviting outdoor living spaces, This well-maintained 3-bedroom, 1-bath home offers comfortable living space with a layout designed for easy living. Step inside to find cozy living areas, beautiful flooring, and a partially finished basement perfect for a rec room, home office, workout area, or extra storage. Love spending time outdoors? The oversized backyard is ready for summer barbecues, pets, gardening, or simply relaxing under the open sky. Enjoy morning coffee on the deck or entertain guests all within the privacy of a fenced yard. Car enthusiasts, hobbyists, and anyone needing extra space will appreciate the rare combination of both an attached and detached garage, giving you room for vehicles, tools, toys, and more. Located in a quiet neighborhood within a short distance from Waverly schools, this property offers the perfect blend of peaceful living and convenience.
