Listing #18461 - 225.04 acres in IA

Warren County, IA
225.04 Acres M/L

Hempstead Place
Prole, IA 50229

Price	$2,194,140
Listing	#18461

LAND AGENT

Jake Sickels

Office: 515.961.0247
Mobile: 515.681.2103
Jake@PeoplesCompany.com

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LAND AGENT

John Hutchcroft

Office: 515.222.1347
Mobile: 515.321.5970
JohnH@PeoplesCompany.com

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Property Info

Description

Premier 225-Acre Legacy Farm Offering Income, Recreation, and Secluded Building Potential Just Minutes from Des Moines

The words “rare opportunity” echo often in today’s market, but once in a great while, a land offering rises above all the rest. The opportunity to own this farm represents one of those moments, where the chance to own something truly special has become a reality.

Peoples Company is proud to represent the Alice Joan Hansen Estate in the sale of 225.04 acres m/l of premium combination farmland, located in western Warren County, Iowa. Situated northeast of Martensdale and south of Norwalk—just five miles east of Interstate 35—this farm has long been hidden behind the private gates at the end of Hempstead Place. Now, for the first time in decades, it is available to the public. The Hansen Farm presents an extraordinary opportunity to acquire productive agricultural land, exceptional recreational ground, beautiful potential building sites, and a level of privacy that is increasingly hard to find in Central Iowa.

Farmland

This diverse farm includes approximately 146 FSA cropland acres, carrying a CSR2 rating of 73.3. Of the cropland acres, 91.58 acres are currently in row crop production, with an additional 54.43 acres enrolled in two CRP programs (CP2 and CP4D)—paying $7,397 annually that expire in 2030. These programs are aimed at converting select acres into high-quality native habitat as well as improving water quality and reducing erosion. The remaining tillable acres offer flexibility—they could be returned to crop production, used for hay, or transitioned to food plots. The current farm lease will be terminated before closing or no later than September 1, 2025, allowing the property to be open for the 2026 crop year.

Recreation

The recreational value of this property is significant. A healthy population of whitetail deer, wild turkey, and game birds call the farm home, benefiting from a combination of native grasses, timbered ridges, and thick bottomland cover. Scattered hardwood blocks stretch across the farm, offering multiple stand locations for all wind directions. Centrally located cropland creates an ideal setup for leaving standing crops or establishing food plots that consistently pull wildlife from surrounding properties. An old, well-kept railroad right of way, along with winding creeks and marshy areas, makes for prime rutting habitat and ambush locations. Just a mile west, Zo-El Annett Woods provides nearby outdoor recreation, with a scenic trail loop, suspension bridge, and wooded hiking paths that add to the rural charm of the area.

Building

From the gated entrance, the farm opens up to a picturesque building site nestled within the CRP fields, offering sweeping views of row crop acres, timber, and open prairie. It’s the kind of setting where a back porch becomes a front-row seat to nature. Electric service is available at the road, and rural water can be extended from the west—contact the listing agents for full details. The established entrance and gated access provide both convenience and security. A 30' x 48' steel building is already in place, perfect for equipment storage or staging. The property sits within both the Indianola and Martensdale-St. Marys Community School Districts, offering flexibility for families considering a future homesite.

This is a property that checks all of the boxes and lives up to the hype. Those tracking the Central Iowa land market will appreciate how unique and rare this farmland asset is. The ability to acquire a large, contiguous tract of land that has income to justify the carrying cost, excellent native habitat, hunting and recreation, a premier and secluded building site opportunity, and is 20 minutes from Des Moines does not come around often. All of the boxes are checked - the best time to buy a forever farm is when it's for sale.

Please contact one of the Listing Agents for more information or a private showing of this property.

Legal Description

A long legal description is on file. The exact legal description will be taken from Abstract.

Directions

From Indianola, Iowa: Head west on Highway 92 for 7.6 miles. Turn right onto 55th Avenue and travel north for 1.3 miles. Take a slight right turn and continue north on 55th Avenue for an additional 0.7 miles. At Hempstead Street, turn right onto the dead end road and travel east for 0.6 miles. The property will be at the end of the dead end road.

From Norwalk, Iowa: Head out of town on Highway 28 and travel south for 4.4 miles. Turn left onto 50th Avenue and continue south for 1.2 miles. Turn left onto Harding Street and travel east for 0.5 miles. Turn right onto 55th Avenue and continue south for 0.7 miles. Turn left onto Hempstead Place and travel east for 0.6 miles. The property will be at the end of the dead end road.

From the Interstate 35 / Highway 5 Mixmaster: Head south on Interstate 35 for 12 miles. Take exit 56 onto Highway 92 towards Martensdale and travel east for 2.3 miles. Turn left into Martensdale, Iowa, and travel north on Highway 28 for 1.1 miles. Turn right onto Idaho Street and travel east for 1.3 miles. Turn left onto 55th Avenue and travel north for 0.7 miles. Turn right onto Hempstead Place and travel east for 0.6 miles. The property will be at the end of the dead end road.

Covenants

None

Improvements

- 30' x 48' steel utility building
- Great crossings
- Gated access

Reserved Items

All equipment and personal property in the building are reserved by the Estate

Sign On Property: Yes
MLS Number: 722663
Parcel Number: 09000120620, 09000120660, 09000120680, 09000120865, 09000130440, 09000130420, 09000130461, 09000130483
School District: Indianola Community School District and Martensdale-St Marys Community School District
General Area: Northeast of Martensdale, Iowa and west of Indianola, Iowa
Net Taxes: $4,826.00
CSR2: 73.3
Water: Warren Water District - Available but needs extended from the west
Zoning: Agricultural

Additional Info

Total CRP Acres: 54.43
41.43 acres, CP4D paying $5,630.30 annually ($135.90/acre) through 2030
13 acres, CP2 paying $1,766.70 annually ($135.90/acre) through 2030

The current farm lease will be terminated before closing or no later than September 1, 2025, allowing the property to be open for the 2026 crop year.

Rural water is available to the site, but will need to be extended a short distance from the west. A bid to extend services has been obtained by the Listing Agent. Please contact the Listing Agent for more information regarding getting rural water to the farm.

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