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Ernest Abell

ernieabell.realty@hotmail.com +1(641) 414-3893

Listed by Daniel Fane Land Guys, LLC of Iowa

$ 780,000

Est. payment | -/mo

120 Acres Lot

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$ 780,000

Est. payment | -/mo

Save Virtual Tour

120 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID NOC6343566

Style Lots & Land

Annual Tax Amount $96

Tax Year 2025

Lot Size 120.000 Acres

Acres 120.0

Lot Dimensions ***

Property Description

Discover 120 acres of income-producing farmland and whitetail hunting ground southeast of Blakesburg in Wapello County, Iowa. Tucked down a long private lane with limited road exposure, this secluded farm offers privacy, recreational opportunities, and potential for a country homesite. The property includes approximately 50 tillable acres with an average CSR2 rating of 52, open for the 2027 growing season and offering estimated cash-rent potential of $11,250 annually at $225 per acre. The farm also has 37.56 acres enrolled in two CRP contracts: 19.92 acres expiring in 2030 and 17.64 acres expiring in 2032. A separate 9.33-acre CRP contract expires in 2036. Total reported annual CRP income is $8,189.86, bringing potential combined annual income to $19,439.86. The new owner must reseed the separate 9.33 acres for CRP compliance or may seek contract termination, subject to FSA approval and program requirements, to return the land to tillable production. With 87.75 reported FSA acres, timber, wooded draws, creeks, and natural wildlife corridors, the farm combines income potential with quality whitetail habitat and secluded access. Income estimates and contract details should be verified.

Location

State IA

County Wapello

Direction From Blakesburg, head south out of town on T61 / Monroe-Wapello Road. Turn east onto 40th Street and continue approximately 0.72 miles until 40th Street turns into Adams Road. Continue on Adams Road for approximately 0.72 miles, then follow the local road connection toward 32nd Street. Continue to 0

Exterior

View Y/N true

Building

Architectural Style Lots & Land

Schools

School District 657 - Eddyville-Blakesburg- Fremont

Others

Acceptable Financing NOC6343566

Listing Terms NOC6343566

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0000 32nd ST Blakesburg, IA 52536