22352 248th Street $1,308,000

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    22352 248th Street Onawa, IA 51040

    • 120.00 Acres
    • Land
    • MLS# 683032
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    Views: 11 Days On Site: 209

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    Property Details

    Just outside Onawa IA, lies this beautiful 120+/- acre production farm that has been in the same family for 113 years. The farm has been in origin since 1910 and in 2016 was recognized with the prestigious award of being a Century Farm. Farms of this nature rarely become available to the public. The farm consists of 119.64 FSA tillable acres and has a weighted CSR2 average of 71.4. Primary soils include Rodney, Albaton, Owego, and Onawa silty clay. The slope of the farm is 0-2% making planting and harvesting fast and efficient, increasing machinery performance, and lessening the chances of crop damage. The farm is accessed from the south off 248th Street and is only 1/2 mile from paved Hwy K45. The nearest Cooperative is just a short distance at only 2.5 miles away. Onawa is also home too many Agricultural product and seed dealers ensuring you have the care and support needed to run an effective and successful farming operation. For the investment minded buyer, the farm sits in a very strong farming community and a cash rental or crop share agreement/partnership would be a viable option as well. The farm has been in a corn and bean rotation and the 2022 corn yield was 216. bu./acre. 2023 cash rent was $285/acre or $34,200. The farm is open and available for the 2024 planting season. If you have been looking to start your own farming operation, add to existing acres, or looking for a sound investment to add to your portfolio, you will want to take a hard look at this one.

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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $1,308,000
    1/11/2024 11:32:17 AM Price Reduced Source: Multiple Listing Service New Value: $1,308,000 -5.22%
    11/23/2023 10:31:09 AM Price Reduced Source: Multiple Listing Service New Value: $1,380,000 -6.72%
    10/3/2023 10:02:00 AM New in Database Source: Multiple Listing Service New Value: $1,479,429

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    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.