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240th Street, Independence, IA 50644

$792,300
  • 240th Street, Independence, IA 50644 Main Photo

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Active
LOT SIZE 57.000 acres MLS#6336730
STATUS PROPERTY TYPELand - Farm

Property Description

Presenting 57 acres m/l of premium Buchanan County farmland for sale, offering an excellent investment opportunity with a secure sale-leaseback structure and a reliable long-term tenant already in place. This highly productive tract includes 55.36 tillable acres with an average CSR2 rating of 83.9. The main soil types, Readlyn, Tripoli, and Kenyon loams, are some of the best soils found in Northeast Iowa. The farm has a strong history of high yields and consistent fertility, enhanced by annual manure applications. Full details of the crop lease are available upon request. For buyers seeking additional scale, 103 acres m/l located just 1/2 mile south can also be purchased. This property offers excellent access and visibility, positioned near Iowa Highway 20 with entry from 240th Street. Located just southwest of Independence, Iowa, the farm sits in Section 11 of Westburg Township, a desirable agricultural area known for its productive land base. This is a rare chance to acquire high-quality Iowa farmland with strong soils, proven productivity, and a stable tenant, and is ideal for investors of all types and 1031 exchange buyers.

240th Street | MLS# 6336730

This land located at 240th Street, Independence, IA 50644 is currently listed for sale with an asking price of $792,300. The property has approximately 57.00 Acres. Search Independence real estate on www.trophypa.com today.

Property Features

Property Type: Land - Farm
Home Style: Other
Lot Size: 57.00 Acres
Taxes: $2,200

Feature Descriptions

Days on Site: 79
Parcel #: 0911400004
Zoning: Agriculture

Listed By / Shown

Listed By

Agency Name: Peoples Company
Agency Phone: 515-222-1347

Shown By

Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263

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Estimated Payment

$ 2,177.74 per month $1,763.32 Principal & Interest $183.33 Property Tax $231.09 Homeowner's Insurance

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