Productive Farmland Auction in
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 Market100
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
(515) 222-1347
Listed By:
Matt Adams · License #S59699000
(515) 423-9235
Added: May 21
Changed: Aug 19
Last Checked: Aug 28 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.
Located in Jasper County, Iowa, this farmland auction represents the Merna J Rusk Estate in the sale of 459.40 gross acres m/l. The farm consists of four productive, tillable farmland tracts situated immediately east & northeast of Newton, Iowa. Tract 1 comprises 132.32 gross acres m/l, featuring 61.96 FSA cropland acres and an average CSR2 soil rating of 57.1. The primary soil types include Ackmore silty loam, Downs silty loam, and Tama silty clay loam. These cropland acres are classified as HEL (Highly Erodible Land). Snipe Creek traverses the northeast corner of the property. The farm is located on the Jasper / Marshall County line, northeast of Baxter, Iowa, in Section 4 of Malaka Township, Jasper County, Iowa. Access is available from the north off North 115th Avenue West / 310th Street. The farm is leased for the 2026 farming season, with an early lease termination agreed upon, ending on Thursday, December 31st, 2026, or upon removal of all crops. The second half rental payment for Tract 1 is due to the new Buyer(s) on or before September 1st, 2026.
Key Highlights
- 459.40 gross acres m/l of farmland in Jasper County, Iowa.
- Four productive, tillable farmland tracts located east & northeast of Newton, Iowa.
- Tract 1: 132.32 gross acres m/l with 61.96 FSA cropland acres.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 50162, IA
1,236
Population
559
Households
2.2
Avg Household Size
38
Median Age
18%
College-Educated
98%
High-School Grad
50.0 sq mi
ZIP Area
25
Density / Sq Mi
$67,201
Median Household Income
$46,818
Median Earnings
$1,301
Median Rent
$182,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - 459.40 acres of farmland in Jasper County, Iowa.
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: 459.40 gross acres m/l of farmland in Jasper County, Iowa.; Four productive, tillable farmland tracts located east & northeast of Newton, Iowa.; Tract 1: **132.32 gross acres m/l with 61.96 FSA cropland acres.**
