Property
$648,410118 Acres
Off Market
Off Market
$648,410118 Acres
Off Market

U.S. 69, Lamoni, IA 50140 - Decatur County

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Property ID 17611625

Decatur 118 HWY

n exceptional opportunity in coveted Decatur County, Iowa. This picturesque property spans approximately 118 acres and offers many desirable features. Convenient location, excellent income, scenic views, and easy access to Interstate 35. This property presents an ideal investment for those seeking nice financial returns with the possibility of outdoor pursuits. The income potential of this property is impressive. Approximately 65 acres enrolled in the Conservation Reserve Program (CRP), generating a steady annual CRP income of roughly $8,380/yr. Additionally, 43+/- acres boasting a CSR2 rating of 55.83 are currently utilized for row crop production and rented at $185 per acre. This results in a total 2023 yearly income of $16,335. Looking ahead to the 2024 farm season, the new owner has the opportunity to enhance their return further, potentially exceeding $18,000 per year by adjusting the cash rent to match current market rates. Beyond its financial benefits, this property caters to the outdoor enthusiast providing opportunities for deer, turkey, and pheasant. In addition to its income potential and recreational appeal, this property also provides paved frontage ensuring easy accessibility and convenience. If one is an outdoorsman seeking an income farm with hunting possibilities for deer, turkey, and pheasant or simply looking for long term reliable return on investment, this property punches the ticket!

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Directions

South of Lamoni on Hwy 69

Resources

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Property Website
Contact Seller
Iowa Land Man (Remax Real Estate Center)

Urbandale, IA

(515) 417-3289
Listing provided by
Sean Asada
Iowa Land Man (Remax Real Estate Center)(515) 417-3289
Source: MLS# 678245
Listing last updated: September 1, 2023 at 9:29 AM
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