New Listing

Buchanan County, IA
57.00 Acres M/L

240th Street
Independence, IA 50644

Price	$792,300
Listing	#19130

Senior Land Agent

Travis Smock

Mobile: 319.361.8089
Travis.Smock@PeoplesCompany.com

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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.

Legal Description

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.

Directions

From Independence: Head west out of town on 1st Street West. 1st Street West will turn into 220th Street. Travel on 220th Street for 1 mile until you reach Henley Avenue. At the intersection of 220th Street and Henley Avenue, turn south onto Henley Avenue and travel for 2.25 miles. Turn west onto 245h Street and travel for 1.5 miles. At the intersection of 245th Street and Gabriel Avenue, turn north and travel for .5 miles until you reach 240th Street. Turn west and travel for .15 miles on 240th Street and the farm will be located on the north side of the road.

Sign On Property: Yes
Parcel Number: 0911400004 & Part of 0911400006
School District: Independence Community School District
General Area: Southwest of Independence
Net Taxes: $2,200.00
CSR2: 83.9
Zoning: Ag

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