0 Racine Ave Lehigh, IA 50557
This exceptional 94.83-acre commercial land tract in Lehigh, Iowa, presents a unique investment opportunity. Located in Webster County, this property boasts excellent hunting for deer, turkey, and pheasant, enhanced by existing CRP (Conservation Reserve Program) land generating income. The CRP program is a specialty Pollinator Program, providing ideal nesting habitat. The terrain features short, steep ridges offering excellent bedding cover for wildlife. Approximately 17 acres are currently in row crops. Water and electricity are available in parts of the property, making it suitable for various uses. The property's proximity to Lehigh (minutes away), Des Moines (75 miles), Cedar Falls (93 miles), and Minneapolis (200 miles) adds to its appeal. The land is predominantly wooded, with areas ideal for building a home or cabin. This offering includes the entire 94.83-acre parcel, and additional tracts of varying sizes may be available. The asking price is $791,830, representing a price per acre of $8,349.99. This is a rare opportunity to acquire a versatile property in a desirable location. Good water sources further enhance the property's value for wildlife and potential development. The property's location offers a blend of recreational and potential commercial opportunities. The combination of hunting, income-generating CRP land, and proximity to major cities makes this a compelling investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.