Cherokee, IA 51012,M M Avenue
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Cherokee, IA 51012,M M Avenue
Cherokee, IA 51012,M M Avenue
Cherokee, IA 51012,M M Avenue
Cherokee, IA 51012,M M Avenue

$2,276,964

Est. payment /mo

$3,300,000

31.0%
Est.Price: ?

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M M Avenue Cherokee, IA 51012

SOLD DATE : 05/02/2025

Key Details

Sold Price $2,276,964

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 711853

Sold Date 05/02/25

HOA Y/N No

Annual Tax Amount $6,900

Property Description

Located in northern Cherokee County, this outstanding 89.3 CSR2 220.5+/-acre farm offers 213+/- acres of highly productive, tillable land with good fertility, making it an ideal investment for agricultural enthusiasts. Grid Soil samples from this past fall showed just a few inputs were needed and in was all done promptly. Samples will be shared with qualified buyers. The farm is in excellent condition and features prime soil conditions, ensuring top yields year after year. There is a manure management plan in place further adding value. The current owner will continue the plan at an applied rate of 65% cost of commercial fertilizer unless otherwise agreed upon.

With excellent farm-to-market access, this property offers convenience and ease of operation for any farming venture. Just 4.25 miles from the local coop and 10 miles from the ethanol plant. There is 2 points to access the property. The land is currently under a three-year lease, generating just under an impressive $75,000 in annual cash rent, providing a stable income stream for the new owner! Over the last 8 years the farm has averaged 204 bushel/acre corn and 67 bushel/acre soybeans.

Whether you're looking to expand your farming operation or seeking a long-term investment opportunity in one of Iowa's most fertile regions, this property fits the build.

Location

State IA

County Cherokee

Area Cherokee

Zoning ag

Interior

Fireplace No

Exterior

Private Pool No

Others

Tax ID 0213200006

Monthly Total Fees $575

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

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Listed by Midwest Land Group
Bought with Midwest Land Group
agent

Steve Stych

Agent | License ID: 505543

+1(515) 518-8538

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