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    1422 S56 Hwy Promise City, IA 52583

    Sponsored
    For Sale
    $395,000

    Lots & Land - Promise City, IA

    Days on Market:
    14
    Last Refresh:
    Jan 8 at 6:06 pm

    Property Features for 1422 S56 Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    040R26100001

    Building Details

    Architectural style
    Other

    Peoples Company (515) 961-0247

    Listing agent Daran Becker (515) 222-1347

    Listing date Dec 26, 2025

    MLS# 6334489 Listing URL

    Copyright © 2026 RLI Farm & Ranch Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Acreage Near Rathbun Lake

    This updated acreage features 20 acres located along County Highway S56, north of Promise City, Iowa. The property includes a move-in-ready ranch-style home, an oversized garage, and a spacious outbuilding. The home offers 2,061 square feet of finished space with 3 bedrooms and 2 bathrooms. Updates include a hickory kitchen, sunroom, remodeled bathrooms, updated flooring, siding, windows, doors, and shingles. Additional features include main-floor laundry, a wood-burning fireplace, and geothermal heating. The unfinished basement is partially framed. Outdoor amenities include a large back deck, a grain-bin patio, and a children’s playset. A detached 2-car garage and a 30' x 54' steel building with a heated workshop and water provide storage and workspace. The 20 acres are primarily wooded, providing privacy and opportunities for hunting, recreation, and enjoying nature. The property is located near Rathbun Lake, an 11,000+ acre reservoir surrounded by thousands of acres of public hunting land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Promise City
    County
    Wayne
    State
    Iowa
    Longitude
    -93.1548
    Latitude
    40.7684

    FAQs

    What type of property is this?
    Farm - Move-in-ready home on 20 acres near Rathbun Lake.
    Where is this farm located?
    The property is located at 1422 S56 Hwy Promise City, IA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - 20 Acres of Wooded Land: Offers privacy, recreation, hunting opportunities, and scenic rural living.; - Move-In Ready, Updated Ranch Home: Features 3 bedrooms, 2 bathrooms, newer hickory kitchen, sunroom, remodeled bathrooms, and updated flooring across 2,061 sq ft of finished space.; - Large Outbuilding with Heated Workshop: A 30' x 54' steel building with water provides excellent storage and workspace.
    (515) 222-1347
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    1422 S56 Hwy Promise City, IA 52583
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    Promise City, IA 52583
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1422 S56 Hwy Promise City, IA 52583
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