Louisa County, Iowa 275.19 +/- Acres Iowa Farmland For Sale
This is one of the nicest river bottom farms we have had a chance to bring to market. This 275.19 +/- acres sits in Northern Louisa County roughly 5 miles south of the Muscatine County line, 4.5 miles east of Grandview, Iowa, and approximately 8 miles northeast of Wapello, Iowa. Here is a great opportunity to purchase a well taken care of farm offering 268.18 +/- cropland acres. The cropland acres consist of 266.19 +/- tillable acres and 9 +/- acres of drainage culverts allowing water to drain properly. The average CSR2 on the tillable acres is 67.
The farm has an existing agriculture lease with a local tenant through March 1, 2022. The current cash rent income is $76,000 on an annual basis. For the farmland investor this farm offers a strong return, at asking price it produces a 3.5% gross return (which could be higher with a waterfowl hunting lease) which makes for a strong long-term ...
The farm has an existing agriculture lease with a local tenant through March 1, 2022. The current cash rent income is $76,000 on an annual basis. For the farmland investor this farm offers a strong return, at asking price it produces a 3.5% gross return (which could be higher with a waterfowl hunting lease) which makes for a strong long-term investment (Iowa farmland is a very sound investment). For the local operator, sit back and collect a big rent check this year before dragging your own equipment through the dirt knowing this farm is being farmed the way it should. For the investor with waterfowl interest, this farm gives you a great return yearly with the opportunity to hunt ducks and geese throughout the fall. Situated between Mark Twain National Wildlife Refuge and Port Louisa National Wildlife Refuge this farm is in a great location for waterfowl hunting with a little work.
275.19 acres
268.18 cropland acres
266.19 tillable acres
67 CSR2 on tillable acres
9 +/- drainage ditch acres
Current agriculture lease through March 1st, 2022
$76,000
3.5% gross return at asking price
Farm is leased for 2021 farming season
Great waterfowl area along the Mississippi river flyway
See FSA information for PLC Yield information
Located 4.5 miles east of Grandview, Iowa and 8 miles northeast of Wapello, Iowa
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Research Parcel InformationDirections
From Grandview, Iowa
Travel 2 miles east out of town on 148th Street
Continue on H Ave for another 2 miles
Turn left on Co Rd. X61 for .4 miles
The farm is located on the north side of the road
Look for For Sale signs.