27
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$631,125
Est. payment /mo
76.5 Acres Lot
New
0000 Hickory Avenue Adair, IA 50002
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 714474
HOA Y/N No
Annual Tax Amount $1,785
Tax Year 2023
Lot Size 76.500 Acres
Acres 76.5
Property Description
Don't miss this solid, income-producing asset with long-term upside!! This 76.5-acre Guthrie County farm offering income, potential, and flexibility. With 76.67 farmland acres and 71.56 cropland acres, this rolling tract features quality soils (Sharpsburg, Colo, Shelby, and others) and a CSR2 of 59. Currently leased for 2025, the farm generates $12,000 in cash rent, plus $313.88 from 3.5 CRP acres enrolled through 9/30/25. Total 2025 gross income: $12,313.88. Property taxes are $1,720. Lease opens in 2026, offering income upside. According to Iowa State's 2024 Cash Rent Survey, Guthrie County averages range from $216–$263/acre for mid quality farms, presenting an opportunity for increased income. The farm was planted to corn in 2024 and has been maintained in a corn/soybean rotation. Lime was applied in 2024. Great fencing on the North & East property lines, over 700 ft of gravel road frontage, and good access make this an attractive addition to any operation or investment portfolio. The current tenant is not offering a buyout for 2025.
Location
State IA
County Guthrie
Area Adair
Zoning AG
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
Private Pool No
Building
Lot Description Flat, Rectangular Lot
Schools
School District Adair-Casey
Others
Tax ID 0000387101; 0000387200
Monthly Total Fees $148
Acceptable Financing Cash, Conventional, Contract, USDA Loan
Listing Terms Cash, Conventional, Contract, USDA Loan
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