240th Street, Independence, Iowa 50644

IA, Independence
$792,300
  • 57 Acre
  • Farm Property Type
  • Active Status
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.
Basic Details
  • Property Type: Farm
  • Listing Type: For Sale
  • Listing ID: 6336730
  • Price: $792,300
  • Lot Area: 57 Acre
  • Status: Active
  • Office Name: Peoples Company
  • Agent Name: Travis Smock
  • Property Sub Type: Farm
Features
  • Architectural Style Other
Address Map
  • Country US
  • State IA
  • County Buchanan
  • City Independence
  • Zipcode 50644
  • Street: 240th
  • Street Suffix: Street
  • Longitude: W92° 1' 45''
  • Latitude: N42° 26' 51.2''
  • Directions: Visit our website for directions.
  • Zoning: Agriculture
Additional Information
  • Previous Price: 792300
Financial
  • Tax Annual Amount: 2200
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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