Agricultural

Promise City, IA Agricultural Land / Farmland for Sale

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Agricultural Farmland Tract
Updated: Jul 17
Agricultural Farmland Tract

Promise City, IA 52583

$1,482,000
192.00 AC lot
192 acres of agricultural land in Wayne County, Iowa
CSR2 soil rating of 47.2
Access along Highway Co Rd S56
Located in South Fork Township, just north of Promise City
Ag zoning
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Surveyed Agricultural Land
Updated: Jun 2
Surveyed Agricultural Land

Promise City, IA 52583

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136.57 AC lot
136.57 surveyed acres in Wayne County, Iowa
Two individual tracts: 55.51 acres and 81.06 acres
Ag zoning supports the property's agricultural character
Beans planted for the 2026 farming season
Full farming rights available beginning March 1, 2027
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Recreational Farm with Metal Building
Recreational Farm with Metal Building

1671 Hwy S56, Promise City, IA 52583

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29.00 AC lot

29-acre recreational farm with a 40' x 88' metal building including utilities, concrete floor, septic, and water lines.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Promise City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Farmland Tract Portfolio
Farmland Tract Portfolio

Idaho Road, Corydon, IA 50060

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522.50 AC lot

Agricultural land offered in multiple tract sizes with tillable acreage and Ag zoning in Wayne County.

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Tillable Agricultural Land with Timbered Draws
Tillable Agricultural Land with Timbered Draws

02 255th Street, Melrose, IA 52569

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193.50 AC lot

Gently rolling farm with cropland, timber-lined draws, and access from two public roads.

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Recreational Farmland with Timbered Draws
Recreational Farmland with Timbered Draws

01 County Road S63, Melrose, IA 52569

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114.91 AC lot

Rolling tillable ridges, timbered draws, and a northwest clearing create a versatile agricultural and recreational tract.

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Tillable Farmland Offered in Tracts
Tillable Farmland Offered in Tracts

County Road S40, Corydon, IA 50060

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183.36 AC lot

Agricultural property comprises three productive tillable tracts with Ag zoning and established cropland acreage.

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Promise City, IA Agricultural Land / Farmland Market Trends and Statistics

Explore 3 agricultural land / farmland for sale in Promise City, IA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 15,575,749 square feet of properties for sale, with an estimated market value of $1,482,000.

Sale prices for farmlands in Promise City, IA average $1,482,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 391
Population Growth (5Y) +29.5%
Median Household Income $59,231
College Educated 18.5%

High-Yield Neighborhoods for Investment

Identify Promise City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
52583 $1.5M

Taxes & Financing

Tax Rate (average for all types) 1.31%
Property Tax per SF $16.90 per SF
Tax Rate vs County Average 0.84 pp below county avg
Average Loan-to-Value 65.0%

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