20
See all 20 photos
$1,811,250
Est. payment /mo
315 Acres Lot
Price Dropped by $157K
0000 J55 Highway Other, IA 50860
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 713501
HOA Y/N No
Annual Tax Amount $5,600
Lot Size 315.000 Acres
Acres 315.0
Property Description
We are proud to offer this exceptional 315 +/- acre farm in Ringgold County, Iowa. Located 1.5 miles west of Redding on County Road J55, the property presents a unique opportunity for those seeking a blend of income, recreation, and future tillable potential.
For the investment-minded buyer, the property currently generates a reliable annual income of $57,165 through its 239.02 acres enrolled in CRP programs. This includes 20.82 acres in a CP21 buffer program, which runs through September 2028, and 218.2 acres in a CP42 program, extending to September 2026. This consistent income stream provides a valuable return on investment.
Looking to the future, the 218.2 acres currently in the CP42 program offer significant potential for conversion to tillable land upon contract expiration in September 2026. The open acres have a CSR2 rating of 54.5 along with approximately 93 +/- acres of bottom ground. This presents a valuable opportunity for future expansion or diversification of farming operations.
For outdoor enthusiasts, the farm offers exceptional hunting opportunities. The property boasts extensive cover provided by the CRP, creating an ideal habitat for trophy-class whitetail deer. The Grand River, flowing along the eastern boundary, provides a consistent water source. Trail camera footage confirms a healthy deer population, including some impressive bucks.
For the investment-minded buyer, the property currently generates a reliable annual income of $57,165 through its 239.02 acres enrolled in CRP programs. This includes 20.82 acres in a CP21 buffer program, which runs through September 2028, and 218.2 acres in a CP42 program, extending to September 2026. This consistent income stream provides a valuable return on investment.
Looking to the future, the 218.2 acres currently in the CP42 program offer significant potential for conversion to tillable land upon contract expiration in September 2026. The open acres have a CSR2 rating of 54.5 along with approximately 93 +/- acres of bottom ground. This presents a valuable opportunity for future expansion or diversification of farming operations.
For outdoor enthusiasts, the farm offers exceptional hunting opportunities. The property boasts extensive cover provided by the CRP, creating an ideal habitat for trophy-class whitetail deer. The Grand River, flowing along the eastern boundary, provides a consistent water source. Trail camera footage confirms a healthy deer population, including some impressive bucks.
Location
State IA
County Ringgold
Area Redding
Zoning Ag
Interior
Fireplace No
Exterior
Private Pool No
Others
Tax ID 001510
Monthly Total Fees $466
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Midwest Land Group