Promise City, IA Commercial Real Estate for Sale

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Seymour, IA Corydon, IA Russell, IA Melrose, IA Moravia, IA Allerton, IA Centerville, IA Mystic, IA
Iowa Farmland Tract for Sale
Updated: Jul 17
Iowa Farmland Tract for Sale

Promise City, IA 52583

$1,482,000
192.00 AC lot
192 acres m/l of Wayne County, Iowa farmland in South Fork Township, just north of Promise City
Located along Highway Co Rd S56 for convenient access
Productive agricultural acres with a CSR2 soil rating of 47.2
Falls within the Seymour Community School District
Diverse acreage offers flexibility for agricultural production plus recreational appeal
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Agricultural Land Auction Opportunity
Updated: Jun 2
Agricultural Land Auction Opportunity

Promise City, IA 52583

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136.57 AC lot
Auction includes 136.57 surveyed acres in Wayne County, Iowa, located between Promise City and Confidence
Offered as two separate tracts: 55.51 surveyed acres and 81.06 surveyed acres
Current lease: 2026 farming season with beans planted; seller to transfer the second half of 2026 cash rent at closing
New buyers receive full farming rights beginning March 1, 2027
Live public auction Wednesday, July 15, 2026 at 10:00 AM at the Promise City Community Center
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Recreational Farm with Metal Building
Recreational Farm with Metal Building

1671 Hwy S56, Promise City, IA 52583

Contact for pricing
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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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 3 Active listings in Promise City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 10 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Retail Building on Town Square
Retail Building on Town Square

108 S Franklin St, Corydon, IA 50060

Contact for pricing
6,500 sqft

Retail building built in 1956, leasing by Dollar General, with updates including roof and East-side HVAC.

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Zoned Commercial Development Land
Zoned Commercial Development Land

11323 Highway S70, Melrose, IA 52569

Contact for pricing
23.00 AC lot

Development land zoned commercial, currently farmed, with proximity to Lake Rathbun and nearby Bridge View amenities.

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Commercial Land Near Lake Rathbun
Commercial Land Near Lake Rathbun

158 Lake Drive, Melrose, IA 52569

$129,000
2.76 AC lot

Commercial land with frontage on Hwy S70 near Lake Rathbun.

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Productive Farmland Auction Near Corydon, Iowa
Productive Farmland Auction Near Corydon, Iowa

County Road S40, Corydon, IA 50060

Contact for pricing
183.36 AC lot

183.36 acres of tillable farmland offered in three tracts.

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Off-Market Properties in Promise City, IA

Consider similar Off-Market properties in Promise City, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

101 Ctr St
RETAIL STORES (PERSONAL SERVICES)

101 Ctr St, Promise City, IA 52583-8781

Value Estimation by Request
4,888 sqft 0.13 AC lot
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Promise City, IA 52583
VACANT COMMERCIAL LAND

Promise City, IA 52583

Value Estimation by Request
0.30 AC lot
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Promise City, IA 52583
COMMERCIAL (GENERAL)

Promise City, IA 52583

Value Estimation by Request
5,280 sqft 0.30 AC lot
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207 School St
VACANT COMMERCIAL LAND

207 School St, Promise City, IA 52583-8701

Value Estimation by Request
0.61 AC lot
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2 Hwy Hwy
COMMERCIAL (GENERAL)

2 Hwy Hwy, Promise City, IA 52583

Value Estimation by Request
1,536 sqft 0.25 AC lot
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Promise City, IA 52583
VACANT COMMERCIAL LAND

Promise City, IA 52583

Value Estimation by Request
3.00 AC lot
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Promise City, IA 52583
VACANT COMMERCIAL LAND

Promise City, IA 52583

Value Estimation by Request
0.05 AC lot
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Promise City, IA 52583
COMMERCIAL (GENERAL)

Promise City, IA 52583

Value Estimation by Request
0.13 AC lot
View details
2 Hwy Hwy
VACANT COMMERCIAL LAND

2 Hwy Hwy, Promise City, IA 52583

Value Estimation by Request
0.25 AC lot
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Promise City, IA 52583
RECREATIONAL, ENTERTAINMENT

Promise City, IA 52583

Value Estimation by Request
2,016 sqft 0.21 AC lot
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Promise City, IA Commercial Real Estate Market Trends and Statistics

Explore 13 commercial real estate for sale in Promise City, IA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,482,000.

Sale prices for business properties in Promise City, IA start at $0.00, averaging $494,000, and reaching up to $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%

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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