County Road J55, Other, IA 50860

$287,000

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List Price
$287,000
Status
PENDING
Days on Market
4
MLS#
748265
Subtype
Land
Lot Size
1,787,702
Acres
41.04
MLS Area Major
Redding

Property Description

Located just 1.5 miles east of Redding, Iowa, this 41.04 +/- acre Ringgold County farm offers an attractive opportunity for investors, farmers, and buyers seeking a manageable-sized property with a strong percentage of productive tillable land, a proven income history, and the potential for a beautiful rural build site. The farm includes 34.5 +/- tillable acres, representing approximately 85% of the total acreage, with a 52.4 CSR2 average. The tillable acres have been operated in a corn and soybean rotation and, based on the farm's income history over the past four years, the property has generated a return in excess of 3.5% at the current list price. With tenancy open for the 2027 crop season and beyond, a new owner will have the flexibility to farm the property themselves or establish a new tenant and lease arrangement moving forward. This creates an excellent opportunity to acquire a high-percentage tillable farm with a demonstrated history of income production while maintaining control over its future operation. The property benefits from excellent access, with a hard-surfaced road along the north boundary and gravel road frontage on the west side. The farm offers an attractive setting for a potential homesite on a hard-surfaced road and scenic views of the surrounding Ringgold County countryside. Seller holds an active real estate broker license in the state of Iowa

Additional Information

Taxes
$766
Zoning
Ag

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Calculator source: Real Geeks

Listing courtesy of Korey O'Day with Midwest Land Group LLC

Data courtesy of the Des Moines Area Association of REALTORS