For Sale
$1,385,000

170Th St Letts, IA 52754

158 Acres, High-Yielding Farmland

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 158-acre property in Louisa County, Iowa, presents a unique investment opportunity. Located off 170th Street in Letts, IA, 52754, this land boasts a diverse composition, including approximately 30 acres of timber and waterways, and 128 acres of highly productive tillable farmland. The tillable land currently commands a rental income of $29,500 annually, based on a lease agreement covering 118 acres, reflecting a strong return on investment. The land's agricultural potential is further underscored by its 71 CSR rating. An additional 5.3 acres are enrolled in a federal CRP program, generating an annual income of $1,368. Recent yields demonstrate the land's fertility, with 207 bushels of corn per acre in 2022 and 59.87 bushels of soybeans per acre in 2023. The property is zoned for agricultural use (Ag). The asking price for this remarkable property is $1,385,000. The nearest residence is located at 20002 170th Street, Letts. Existing contracts are available for review.

Highlights

  • 158-acre Louisa County, IA investment opportunity, located off 170th Street in Letts, IA 52754.
  • Property includes 30 acres of timber and waterways, and 128 acres of highly productive tillable farmland.
  • Generates $29,500 annual rental income from 118 acres of tillable land, plus $1,368 annually from 5.3 acres in a federal CRP program.
  • High-yielding farmland (207 bushels of corn/acre in 2022, 59.87 bushels of soybeans/acre in 2023); 71 CSR rating.
  • Ag-zoned; Asking price: $1,385,000.

Property Details for 0 170Th St

Property type
Land, Farms
Lot Size (sq. ft)
6,882,480 SF

Location Insight

City
Letts
County
Louisa
State
Iowa
Latitude
41.3030965
Longitude
-91.2677545

FAQs

What type of property is this?
Land - 158 Acres, High-Yielding Farmland
Where is the land located?
The property is located at 170Th St Letts, IA.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: 158-acre Louisa County, IA investment opportunity, located off 170th Street in Letts, IA 52754.; Property includes 30 acres of timber and waterways, and 128 acres of highly productive tillable farmland.; Generates $29,500 annual rental income from 118 acres of tillable land, plus $1,368 annually from 5.3 acres in a federal CRP program.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
0 170Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message