170Th St Letts, IA 52754
- Land
- 158.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 170Th St
- Lot size
- 158.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 158-acre property in Louisa County, Iowa, presents a unique investment opportunity. Located off 170th Street in Letts, IA, 52754, this land boasts a diverse composition, including approximately 30 acres of timber and waterways, and 128 acres of highly productive tillable farmland. The tillable land currently commands a rental income of $29,500 annually, based on a lease agreement covering 118 acres, reflecting a strong return on investment. The land's agricultural potential is further underscored by its 71 CSR rating. An additional 5.3 acres are enrolled in a federal CRP program, generating an annual income of $1,368. Recent yields demonstrate the land's fertility, with 207 bushels of corn per acre in 2022 and 59.87 bushels of soybeans per acre in 2023. The property is zoned for agricultural use (Ag). The asking price for this remarkable property is $1,385,000. The nearest residence is located at 20002 170th Street, Letts. Existing contracts are available for review.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Letts
- County
- Louisa
- State
- Iowa
- Longitude
- -91.2678
- Latitude
- 41.3031
