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Turnkey Farm with Three Homes
For Sale
$1,900,000

21550 Hanover Rd, Colorado Springs, CO 80928

160-acre farm with three homes near Colorado Springs.

Property Size5,410 SF
Lot Size160.00 Acres
Price / SF$725.19
Days on Market155

Property Features for 21550 Hanover Rd

General Information

Standard status Active
Size 5,410 SF
Lot size 160.00 Acres
Property subtype Farm and Ranch Properties

Taxes and HOA fees

Annual Taxes $10,975

Building Details

Building Size 5,410 SF
Year Built 1913
Listing Agency: Century 21 Elevated Real Estate
Listed By: Brian Furer · License #40047921
Source: Elliman
Added: Mar 10 Changed: Aug 8 Last Checked: Aug 8 at 2:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Elevated Real Estate

Investment Insights

Based on property information with market context.

This 160-acre turnkey farm and homestead opportunity features three homes and is located in Colorado Springs’ Pikes Peak Enterprise Zone, offering the potential for substantial tax credits for economic development activities. The main farmhouse includes 3 beds and 2 baths within its 2,620 square feet. An additional cottage home provides 510 square feet with 1 bed and 1 bath. A new manufactured home, slated for completion in January 2025, will offer 4 beds and 3 baths throughout its 2,280 square feet. Furthermore, the property includes 3 campers for seasonal employees. Major structures include a 20,000 square foot pole barn constructed 5 years ago, and 11 greenhouses totaling over 36,000 square feet completed in 2019 with LED lighting, along with several other barns and steel buildings, multiple storage sheds, and a steel silo/storage building. Irrigation for 120 acres of crop-producing land is facilitated by a center pivot and drip irrigation system, supplied by 2 new well pumps. An extensive list of equipment is included, featuring tractors, swathers, mowers, cultivators, drip irrigation row makers & removers, cultipackers, and air compressors. Newer upgraded electrical service is available to many structures, and internet is accessible in all 3 homes and the pole barn. Six frost-free water hydrants protect the property's assets. Situated approximately 40 minutes southeast of Downtown Colorado Springs and 17 miles east of Pikes Peak International Raceway, this ready-to-operate farm offers the opportunity to create a profitable and self-sustaining lifestyle while remaining close to town. Two years ago, a tenant farmer attained "Certified Organic Status", which the new owner can also pursue. Water is provided by a domestic well & water shares through AGRA.

Key Highlights

  • 160‑acre turn‑key farm featuring three homes: a main farmhouse, cottage, and new manufactured home.
  • Located in the Pikes Peak Enterprise Zone, offering potential tax credits.
  • Extensive infrastructure including a 20,000 sq ft pole barn and 36,000+ sq ft of greenhouses.

Property Analytics

Current Use

Farms

Location Intelligence

Trade Area within ½ mile

Demographics for 80928, CO

1,129
Population
310
Households
3.6
Avg Household Size
42
Median Age
23%
College-Educated
91%
High-School Grad
298.2 sq mi
ZIP Area
4
Density / Sq Mi
$115,833
Median Household Income
$52,885
Median Earnings
$2,295
Median Rent
$355,000
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Farm - 160-acre farm with three homes near Colorado Springs.
Where is this farm located?
The property is located at 21550 Hanover Rd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 160‑acre turn‑key farm featuring three homes: a main farmhouse, cottage, and new manufactured home.; Located in the Pikes Peak Enterprise Zone, offering potential tax credits.; Extensive infrastructure including a **20,000 sq ft pole barn and 36,000+ sq ft of greenhouses**.
More about this property
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