Monona County Farmland For
For Sale
$280,000
Pending
120th Street, Sloan, IA 51055
LAND - IA
Lot Size39.24 Acres
Days on Market568
Property Features for 120th Street
General Information
Property type
Land
Property subtype
Other
Zoning
Ag
Directions
From Sloan, Iowa travel south on Old Highway 75/ County Highway K45 for approximately 3.5 miles to 120th Street. Turn right (West) on 120th Street and travel west approximately 1 mile to reach property easement. Direct property access is by easement through the W 1/2 of the NW 1/4 of Lake Township of Monona County, Iowa. Easement document is found within listing attachments.
Standard status
Pending
APN
854616325001
Lot size
39.24 Acres
Taxes and HOA fees
Tax Description
Exact legal description to be taken from Abstract.
Tax Annual Amount
1320
Legal Description
Exact legal description to be taken from Abstract.
Listing Agency:
Peoples Company
(515) 222-1347
Listed By:
Andrew Zellmer · License #S61625000
(712) 898-5913
Added: Jan 9, 2025
Changed: May 7
Last Checked: Jul 31 at 12:06AM
MLS# 709895
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property features 39.24 surveyed acres m/l of Monona County farmland, situated south of Sloan, Iowa. Combining recreational opportunities with productive, tillable land, this farm is suitable as an addition to an existing farm operation or as an entry-level investment. The farm includes 37.98 FSA cropland acres with a CSR2 soil rating of 62.3, of which approximately 28.87 acres are currently tillable. There are 9.11 CRP enrolled acres, generating an annual payment of $232.88 per acre, totaling $2,122 annually. These CRP acres are contracted through 2031, offering hunting opportunities alongside a guaranteed annual income. Access to the property is provided via a 33-foot-wide easement extending from 120th Street to the northwest corner of the property. The property is located within McCandless Main Drainage District and requires an average annual drainage levy of approximately $338. No additional major drainage projects are currently planned for the district. Located just 1 mile from paved County Highway K45 and less than 4 miles from direct access to Interstate 29, the farm is open for the 2025 crop season.
Key Highlights
- 37.98 FSA cropland acres with a CSR2 soil rating of 62.3, offering productive tillable land.
- 9.11 CRP enrolled acres generating $2,122 annual income through 2031, combining income with hunting opportunities.
- Affordable entry‑level investment opportunity for farmland ownership.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 51055, IA
1,381
Population
506
Households
2.7
Avg Household Size
43
Median Age
30%
College-Educated
97%
High-School Grad
62.8 sq mi
ZIP Area
22
Density / Sq Mi
$75,833
Median Household Income
$47,879
Median Earnings
$828
Median Rent
$208,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Farm - 39.24 acres of farmland with recreational potential near Sloan, Iowa.
Where is this farm located?
The property is located at 120th Street Sloan, IA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 37.98 FSA cropland acres with a CSR2 soil rating of 62.3, offering productive tillable land.; 9.11 CRP enrolled acres generating $2,122 annual income through 2031, combining income with hunting opportunities.; Affordable entry‑level investment opportunity for farmland ownership.
