Sold
Quality Tillable Farm With A Great ROI
Acreage
40 ±
County
Marion
SOLD
Address 140th Ave Lot #WP001 Columbia, IA 50057
View on Google MapsDescription
This great, productive 40-acre property offers a rare opportunity for agricultural investors or farmers seeking quality, tillable land with significant income potential. With approximately 37 acres out of 40 acres devoted to productive, income-generating farming—over 90% of the total acreage this farm promises steady returns. The land carries an average CSR2 of 55.38. This farm currently carries a year-to-year lease which offers flexibility for the new owner, with the potential for continued rental income. The current farmer has a vested interest in maintaining the lease, making it an attractive option for those looking for a reliable, income-producing property with the potential for long-term tenancy. Whether you're an investor looking for a low-maintenance income property or a farmer seeking prime land to expand your operations, this farm is an exceptional opportunity. For more information or to schedule a showing, contact us today!
Details
- 37 +/- acres of tillable
- 55.38 CSR2 soil rating
- Current farm lease is 37 acres @ $275/acre. $10,175 total annually
- 3.22% return on investment at asking price
- Current farm lease is year-to-year but the current renter is interested in continuing the lease
- One pond on the property
- Annual Taxes: $710
Summary
Land Type
Ranch and Farm
Property Type
Farms
Land and Farm Property Types
Agriculture - Farm
Road Frontage
County Road
Road Surface
Gravel
Fencing
Low
Land Details
Tillable
Improvements/Features
Small Game, Big Game, Waterfowl
Roads
Road Frontage
Tillable/Production Areas
Tillable, Corn, Soybeans
Waterfront
Pond (0-3 acres)
Other Property Details
Utilities
- electric: nearby
- water: nearby
Coordinates
41.16282, -93.08314
Annual Taxes
$710
Sold Property
For more information or to see additional properties currently for sale see Dylan Hand's listings.