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31369447
31863043

240th Street, Independence, IA 50644

Peoples Company
Listed by Peoples Company
$792,300
69 days on market
Updated 15 days ago

240th Street

Details
APN 0911400004
Property Type Land
Sub Type Farm
Acreage 57.000
Zoning Agriculture

Land | 57 acres

Marketing 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.

57 Acres M/L (To Be Surveyed) in the SE 1/4 of Section 11, Township 88 North, Range 10 West of the 5th P.M. Exact legal description to be taken from Abstract.

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Peoples Company
Listed by Peoples Company

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