0000 Hickory Avenue, Adair, IA 50002

Property Description

Don’t miss this solid, income-producing asset with long-term upside!! This 76.5-acre Guthrie County farm offering income, potential, and flexibility. With 76.67 farmland acres and 71.56 cropland acres, this rolling tract features quality soils (Sharpsburg, Colo, Shelby, and others) and a CSR2 of 59. Currently leased for 2025, the farm generates $12,000 in cash rent, plus $313.88 from 3.5 CRP acres enrolled through 9/30/25. Total 2025 gross income: $12,313.88. Property taxes are $1,720. Lease opens in 2026, offering income upside. According to Iowa State’s 2024 Cash Rent Survey, Guthrie County averages range from $216–$263/acre for mid quality farms, presenting an opportunity for increased income. The farm was planted to corn in 2024 and has been maintained in a corn/soybean rotation. Lime was applied in 2024. Great fencing on the North & East property lines, over 700 ft of gravel road frontage, and good access make this an attractive addition to any operation or investment portfolio. The current tenant is not offering a buyout for 2025.