Tillable Farmland Tract

For Sale

Contact for pricing

Pending

01 N 115th Avenue W, Melbourne, IA 50162

Land, Melbourne, IA

Property SizeContact for details

Lot Size132.32 Acres

Days on Market146

Property Features for 01 N 115th Avenue W

General Information

Property type Land

Property subtype Other

Zoning Ag

Directions From Baxter, Iowa: Travel east on County Highway F17 for 4.5 miles until reaching West 4th Street North. Turn left (north) onto West 4th Street North and travel north for 3 miles. The farm will be found at the intersection of West 4th Street North and North 115th Avenue West. Look for signs.

Subdivision Baxter

Special listing conditions Auction

Standard status Pending

APN 0304200005, 0304100002

Lot size 132.32 Acres

Taxes and HOA fees

Tax Description Exact legal to be taken from Abstract.

Tax Annual Amount 3250

Legal Description Exact legal to be taken from Abstract.

Listing Agency: Peoples Company

Listed By: Matt Adams · License #S59699000

Added: May 21 Changed: Aug 19 Last Checked: Oct 13 at 9:06PM

MLS# 741353

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 agricultural tract contains 132.32 gross acres m/l, including 61.96 FSA cropland acres. The land carries an average CSR2 soil rating of 57.1, with Ackmore silty loam, Downs silty loam, and Tama silty clay loam identified among the primary soil types. The cropland is classified as HEL, or Highly Erodible Land, and Snipe Creek passes through the northeast corner.

The property is situated in Section 4 of Malaka Township in Jasper County, along the Jasper and Marshall County line. Access is available from the north via North 115th Avenue West, also identified as 310th Street. The farm is leased for the 2026 farming season, with the current lease ending December 31st, 2026, or when all crops are removed, whichever occurs first. The second-half rental payment is due to the new buyer on or before September 1st, 2026. The property is scheduled for auction on June 10th, 2026, at 10:00 AM CST.

Key Highlights

132.32 gross acres m/l in Jasper County, Iowa
61.96 FSA cropland acres with an average CSR2 soil rating of 57.1
Primary soils include Ackmore silty loam, Downs silty loam, and Tama silty clay loam

Property Analytics

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Current Use

Agricultural land / Farmland

Location Intelligence

Trade Area within ½ mile

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Demographics for 50162, IA

1,236

Population

559

Households

2.2

Avg Household Size

Median Age

18%

College-Educated

98%

High-School Grad

50.0 sq mi

ZIP Area

Density / Sq Mi

$67,201

Median Household Income

$46,818

Median Earnings

$1,301

Median Rent

$182,900

Median Home Value

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For sale
Agricultural land / Farmland
IA
Melbourne
50162
01 N 115th Avenue W

What type of property is this?

Agricultural land / Farmland - Agricultural tract with cropland, documented soil ratings, a creek through the property, and access from North 115th Avenue West.

Where is this agricultural land / farmland located?

The property is located at 01 N 115th Avenue W Melbourne, IA.

What are key features of this property?

This property features: 132.32 gross acres m/l in Jasper County, Iowa; 61.96 FSA cropland acres with an average CSR2 soil rating of 57.1; Primary soils include Ackmore silty loam, Downs silty loam, and Tama silty clay loam