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    27Th Rd Vermillion, KS 66427

    For Sale
    $2,500,000

    Prime farmland, hunting, building site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 237.29-acre property in Marshall County, Kansas, presents a unique investment opportunity. Located at the intersection of 27th Road and Zenith Road near Frankfort, it boasts 140 acres of non-highly erodible cropland currently leased for $200 per acre, generating immediate income. The remaining acreage offers a blend of wooded areas and open space, ideal for hunting and recreational pursuits. While the original homestead has been removed, the site is prepared for new construction, with existing utilities readily available. This versatile property is perfect for expanding agricultural operations, creating a rural residence, or enjoying the abundant outdoor recreational opportunities. The property's location in Kansas, combined with its productive farmland and recreational potential, makes it a highly desirable investment. The asking price is $2,500,000. This is a rare chance to acquire a substantial and diverse piece of Kansas land with significant potential for both income generation and personal enjoyment. The property's size, combined with its existing lease and potential for development, makes it an attractive proposition for a wide range of buyers. Don't miss this opportunity to own a piece of Kansas farmland with so much to offer.

    Property Features for 0 27Th Rd

    General Information

    Property type
    Farms
    Lot Size
    10,336,352 SF

    HighLights

    • $2,500,000 asking price.
    • 237.29‑acre land parcel in Frankfort, KS.
    • 140 acres of non‑highly erodible cropland currently leased at $200/acre.
    • Existing utilities (electricity and water) at the former homestead site.
    • Excellent hunting opportunities due to diverse terrain and wildlife.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Vermillion
    County
    Marshall
    State
    Kansas
    Longitude
    -96.314242
    Latitude
    39.6968784

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    FAQs

    What type of property is this?
    Farm - Prime farmland, hunting, building site
    Where is this farm located?
    The property is located at 27Th Rd Vermillion, KS.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price.; 237.29-acre land parcel in Frankfort, KS.; 140 acres of non-highly erodible cropland currently leased at $200/acre.
    Request Owner's contact information
    27Th Rd Vermillion, KS 66427
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    Vermillion, KS 66427
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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
    27Th Rd Vermillion, KS 66427
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