Listing #18415 - 183.85 acres in IA

New Listing

Lucas County, IA
183.85 Acres M/L

507th Lane
Lucas, IA 50151

Price	$1,100,000
Listing	#18415

LAND AGENT & AUCTIONEER

Adam Curran

Office: 515.222.1347
Mobile: 641.203.2931
Adam@PeoplesCompany.com

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LAND AGENT

Sara Curran

Office: 515.961.0247
Mobile: 641.344.0847
Sara@PeoplesCompany.com

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Description

This 183.85-acre m/l farm, located in Section 8 of Jackson Township, Lucas County, Iowa, offers a well-rounded combination of productive cropland, improved pasture, and hay ground. Of the total acres, approximately 125.40 acres are currently in row crop production. These tillable acres have a weighted CSR2 rating of 40.8, with gently rolling topography and established terraces that support long-term soil conservation and effective water management. The farm features a variety of soil types, primarily including Arispe, Gara, Bucknell, and Pershing series, known for their moderate productivity and drainage characteristics.

Over the years, significant improvements have been made throughout the property. On the north side, a pond was constructed in 2020, with a Cobett livestock waterer installed just below it to provide a reliable water source for livestock. In 2022, a portion of the north farm was seeded to alfalfa, adding to the farm’s value for forage production. The pastureland has been fully cleaned up and improved, with a new four-barb interior fence dividing it into two functional paddocks. A shared access area is located below the pond, allowing for efficient livestock movement. The entire exterior pasture boundary has also been fenced with new barbed wire.

The cropland has been well cared for, with terracing in place to preserve soil integrity and promote drainage. An older machine shed, located on the south portion of the farm, offers storage for equipment or supplies. This thoughtfully maintained property presents a turnkey opportunity for a variety of agricultural operations, including row crop production, haying, and cattle grazing.

Legal Description

NE 1/4 NW 1/4 Sec 8 T-72-N R-23-W AND, NE 1/4 SE 1/4 of Sec 7 and NW 1/4 SW 1/4 Sec 8 All in T-72-N R-23-W, in Lucas County Iowa Except A tract of Land at the NE 1/4 SE 1/4 Sec 7 AND W 1/2 NW 1/4 of Sec 8 T-72-N R-23-W Lucas County Iowa. Exact legal description to be taken from Abstract.

Directions

From the intersection of Hwy 34 and Hwy 65 at Lucas, Iowa, travel west on Hwy 34 for approximately 4.5 miles. Turn north onto Clarke/Lucas Co Ave and travel approximately 1 mile. Turn east onto 500th St and travel approximately 0.5 mile. Turn north onto 107th Ave. The south portion is located on the east side of the road. Continue onto 507th Lane for the north portion of the farm. Look for the Peoples Company signs.

Improvements

Pond built (2020)

Cobett waterer installed

Alfalfa seeded (2022)

New interior four-barb fence (two paddocks)

Shared livestock access area

Pasture cleanup completed

New exterior barbed wire fence

Terraced cropland

Sign On Property: Yes
MLS Number: 720470
Parcel Number: 0508100005, 0508100001, 0508100002, 0507400003, 0508300001
School District: Chariton Community School District
General Area: Jackson Township
Net Taxes: $2,364.00
Water: Rural
Zoning: Ag Land

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