0 Creamery Rd Afton, IA 50830
This 108-acre property in Union County, Iowa, presents a unique investment opportunity. Located in Afton, near local elevators and a 45-minute drive from the Poet ethanol plant in Corning, this versatile land offers both productive farmland and expansion potential. Currently zoned A-1, 74.54 acres are under cultivation, boasting a CSR2 of 57.2, primarily Sharpsburg and Colo soils. A significant 16.30 acres of high-quality Sharpsburg soil (CSR2 of 91) are situated on elevated ridges, ensuring consistent yields. While the current lease terminates, leaving the land available for the 2025 planting season, the previous tenant has expressed interest in continuing. An additional approximately 18 acres of unplanted land could be used as pasture or brought into production, potentially increasing the return on investment. The property includes easement access, and a survey will be completed and recorded before closing. The property's APN is 0321300007, 0321300002, 0321100007, and 0321100004. This location offers potential for hunting due to timber to the Northeast. An adequate water source is present. This property is ideal for expanding existing operations or for beginning farmers seeking high-quality land. The asking price is $734,400.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
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