Wayne County, IA - 136.57 Acres M/L
County Highway S56 & Raccoon Road, Promise City, IA 52583
Marketing description
Peoples Company agents, Jared Chambers & Mike Nelson, are both honored to be representing The Dobberthein Family with the auction of their family farm consisting of 136.57 surveyed acres located between Promise City, Iowa, and Confidence, Iowa.
Two tracts ranging in size from 55.51 surveyed acres to 81.06 surveyed acres will be offered, presenting an ideal opportunity for you to assemble good farmland, recreational land with locations overlooking exceptional views to build your dream home on, and be secluded from any immediate neighbors.
The way this farm is subdivided offers something for all types of buyers. This is a rare opportunity to purchase good Wayne County, Iowa farmland that best fits your needs and at your price. The farm is leased for the current 2026 farming season with beans planted. The successful Buyer(s) will receive the second half of the 2026 cash rent at closing, with full farming rights available to the new Buyer(s) beginning March 1, 2027.
These two tracts will be offered via a live Public Auction that will take place on Wednesday, July 15, 2026, beginning at 10:00 AM at the Promise City Community Center located in Promise City, Iowa. The land will be offered as two individual tracts using the "Buyer's Choice" auction method on a price per acre basis and the high bidder can take, in any order, any or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased and removed from the These two tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through the Peoples Company mobile bidding app, and online bidding will be available.
From Confidence, Iowa: Travel south along County Highway S56 for approximately 2 miles to the beginning of Tract 1, which is located on the east side of the pavement. Watch for Peoples Company auction signs.
Investment highlights
- 136.57 surveyed acres offered as two tracts in Wayne County, Iowa
- Tract 1: 81.06 surveyed acres with 70.23 FSA tillable acres (planted to beans in 2026), average CSR2 rating of 36.9, over 86% currently in crop production
- Tract 1: Half-acre pond and borders state owned public hunting land - turkey and deer hunting, fishing and outdoor recreation
- Tract 2: 55.51 surveyed acres with 10.08 FSA tillable acres, average CSR2 rating of 57.3 on tillable soils
- Tract 2: 30' x 62' steel building with attached 30' x 40' addition including 30' x 30' heated workshop with concrete floor and electric service
- Tract 2: One pond, a live creek, and excellent hunting access from two sides
- Tract 2: Timbered acres with large mature cottonwood, oak, and walnut trees
- Tract 2: Well in place with rural water also available from Rathbun Rural Water Association
- Convenient highway access on County Highway S56
- Farm leased for 2026 farming season - buyer(s) receive 2nd half of cash rent at closing (Tract 1: $6,750, Tract 2: $750)
- Auction: Wednesday, July 15, 2026 at 10:00 AM at Promise City Community Center
- Online bidding available via Peoples Company mobile bidding app
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