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34439154
34439130

20000058000000, Elkhart, IA 50073 For Sale

JE
IA S72571000
RE/MAX Real Estate Center
Listed by RE/MAX Real Estate Center
$1,560,000
2 days on market
Updated 2 days ago

60± Acres | Development & Investment | Polk Co.

Details
Property Type Land
Sub Type Agricultural, Industrial (+1)
NOI $17,047
Acreage 60.000
Zoning AG

100% leased- CRP Contract

Marketing description

An exceptional opportunity to own 60 acres in the path of future growth. Located on pavement in a rapidly expanding area, this versatile property offers outstanding potential for development, investment, continued farming, recreation, or the construction of a private estate, with utilities available at the road. Held by the same family for over 25 years, this property combines location, productivity, and long-term value. Boasting an impressive CSR2 of 84, the farm features highly productive Iowa soils. Known for excellent pheasant hunting adds outstanding recreational appeal. Approximately 58.17 acres are enrolled in the Conservation Reserve Program (CRP), generating a total annual income of $17,047. A current CRP contract for 23.57ac pays $7,082/year through September 2026. A new contract begins this fall on 34.6ac and runs through 2036, paying $9,965/year. Buyers wishing to return the CRP acres to crop production in 2027 may terminate the new contract, subject to USDA/FSA requirements. Whether you're a developer planning for the future, an investor seeking land in the path of growth, a farmer adding productive acres, an investment minded hunter looking for quality upland habitat, or someone wanting to build a private country estate on a paved road, this exceptional 60-acre property offers versatility and lasting value situated in the path of eminent growth.

Investment highlights

Approximately 58.17 acres are enrolled in the Conservation Reserve Program (CRP), generating a total annual income of $17,047. A current CRP contract for 23.57ac pays $7,082/year through September 2026. A new contract begins this fall on 34.6ac and runs through 2036, paying $9,965/year. Buyers wishing to return the CRP acres to crop production in 2027 may terminate the new contract, subject to USDA/FSA requirements.

Listing Contacts

JE
IA S72571000
RE/MAX Real Estate Center
Listed by RE/MAX Real Estate Center

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$17,047.00
$1,420.58/mo

Valuation Metrics

0
DSCR
1.09%
Cap Rate
1.09%
ROI

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Additional Information

Name
James Edwards
License
S72571000
Brokerage
Remax Real Estate Center
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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