Wayne County, IA
80.00 Acres M/L

105th Street
Allerton, IA 50008

Price	$459,600
Listing	#19410

Land Agent

Doug Bear, ALC

Office: 855.800.LAND
Mobile: 515.745.3192
Doug.Bear@PeoplesCompany.com

Contact

View Listings View Bio

Info
Map
Photos
Video
360 Tour
Downloads

Property Info

Description

Wayne County, Iowa Farmland & Income-Producing Land - Peoples Company presents 80 acres m/l of diversified, income-producing farmland nestled in the gently rolling hills of south-central Wayne County, Iowa, just 2.50 miles south of Allerton, Iowa. Located along the east side of 105th Street, this highly desirable tract offers a balanced blend of row crop production, long-term conservation income, and scenic hardwood timber, appealing to both investors and recreational landowners alike.

The tract includes 66.16 FSA cropland acres, with 34.46 acres currently in active production, carrying a CSR2 of 43.5 and consisting primarily of Seymour silt loam, Clarinda silty clay loam, and Adair clay loam soils. These tillable acres are leased through the 2027 crop season, providing immediate and reliable income to a new owner, with flexibility in the future. Enhancing the investment profile, 31.70 acres are enrolled in two Conservation Reserve Program (CRP) contracts, delivering consistent income. The CP1 contract encompasses 10.78 acres, generating $1,817 annually through 2032, while 20.92 acres are enrolled in CP38-2, and CP38-12 practices that produce $3,653 annually through 2037. Combined, these contracts provide $5,470 in dependable annual revenue, adding long-term financial stability to the property.

The balance of the property features mature hardwood timber and natural cover, creating prime habitat for wildlife and offering outstanding recreational opportunities, particularly for hunting and outdoor enjoyment. With a strong combination of income streams, established farming operations with a local tenant, long-term conservation payments, and recreational value, this Wayne County farm represents a rare opportunity to acquire a well-rounded and affordable Iowa land asset with both immediate returns and long-term potential.

Adjacent land can be purchased in addition to this property. For more information regarding the additional offerings, reference Peoples Company Listing #19409 (338 Acres M/L) and Listing #19411 (258 Acres M/L). There is also a natural gas pipeline that runs through the north end of the tract. Please contact the Listing Agent for more details regarding this property.

Legal Description

80 Acres M/L located in the North Half (N1/2) of the Northeast Quarter (NE 1/4) of Section Twenty-seven (27), Township Sixty-eight (68) North, Range Twenty-two (22) West of the 5th PM, Wayne County, Iowa. Exact legal description to be taken from Abstract.

Directions

From Allerton, Iowa: Travel south out of town on County Highway S26 for 2.50 miles and turn right (west) onto Garden Street. Continue to 105th Street and turn left (south). Continue for 0.25 miles, and the farm will be on the east side of the road. Look for the Peoples Company signs.

Sign On Property: Yes
MLS Number: 740592
Parcel Number: 100Q27200001; 100Q27200002
School District: Wayne Community School District
General Area: South of Allerton, Iowa
Gross Taxes: $1,000.00
CSR2: 43.5
Water: Rathbun Regional Water Association
Zoning: Agriculture

360° Tour

Use the 360 degree Interactive Tour to view the property from every angle. Click on the various vantage point icons to jump to different parts of the property. Click, hold, and drag to spin the camera in any direction.

Interactive Map

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.