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    Spencer, NE Agricultural Land / Farmland for Sale

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    Gross, NE Bonesteel, SD Lake Andes, SD
    Spacious Farm Estate with Creek
    $400,000
    1,980 SF
    Spacious Farm Estate with Creek

    89841 489th Avenue, Spencer, NE 68777

    Five-bedroom home on 20.91 acres with multiple outbuildings.
    • 20.91± acres of hay meadow/pasture land with a spring‑fed creek, ideal for hobby farming or ranching.
    • Spacious 1,980± sq. ft. home with 5 bedrooms, including a main floor master suite with a walk‑in closet.
    • Multiple outbuildings, including a hay shed, barn with workshop, detached 2‑car garage, and grain bins, offering versatile space for various uses.
    • Recent updates including new carpet (2025), septic system (2018), furnace (2023), and water heater (2025).
    • Remodeled main floor bathroom with walk‑in tile shower, oversized tub, and his‑and‑hers glass bowl sinks.
    Updated: Jun 17, 2025
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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Spencer, NE, 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.

    Agricultural Land Near Sioux Falls
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    Agricultural Land Near Sioux Falls

    9.46 acre ag-zoned parcel near Sioux Falls.

    Ellis Rd, Sioux Falls, SD 57107

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    Harrisburg 5-Acre Land Parcel
    $299,000
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    5-acre lot on the edge of town with utilities.

    TRACT 1 DAKOTA FARMS ADD Ave, Harrisburg, SD 57032

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    9.46 Acre Ag Zoned Parcel
    $690,000
    9.46 Acres
    9.46 Acre Ag Zoned Parcel

    Ag zoned parcel near Sioux Falls with development potential.

    8201 Maple St, Sioux Falls, SD

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    Development Land Near Sioux Falls
    $2,162,318
    Development Land Near Sioux Falls

    Development land with highway access near Sioux Falls and Tea.

    272nd St & 472nd Ave, Harrisburg, SD 57108

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    Spencer, NE Agricultural Land / Farmland Investment Opportunities Market Analysis

    Explore 1 agricultural land / farmland for sale in Spencer, NE on our real estate platform. These investment opportunities span a total of 1,980 square feet of properties for sale, with an estimated market value of $400,000.

    Sale prices for farmlands in Spencer, NE start at $400,000, averaging $400,000, and reaching up to $400,000 — 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 549
    Population Growth (5Y) -15.4%
    Median Household Income $59,938
    College Educated 13.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    68777 $400K

    Taxes & Financing

    Tax Rate (average for all types) 1.48%
    Property Tax per SF $23.78 per SF
    Tax Rate vs County Average 0.15 pp above county avg
    Average Loan-to-Value 65.0%

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