Description
Farm is currently leased for the 2025 crop year. The buyer will be paid $18,230 by the seller at closing. The remaining cash rent of $40,106 will be paid by the tenant on March 1st, 2025. Total cash rent for the year 2025 totals $58,336.
High Point Land Company is proud to present 156.36+/- acres of prime Kossuth County, Iowa farmland in Section 23 of Portland Township just 4 miles east of Burt, Iowa, and located on a hard surface road - B19 (300th Street). The farm will be offered as an online timed auction with bidding closing at 11am CST on Thursday, November 21st, 2024.
The property has a CSR2 rating of 73.8 with Canisteo, Clarion, and Nicollet soils. There are 4 grain bins also included - 1 bin is 30' diameter by 21' tall, 3 bins are 18' diameter by 16' tall. There is also a wide entrance for larger equipment and a drainage ditch on the southeast corner which would be great for potential drainage tile.
This farm is currently leased for the 2025 season, the new owners will receive the cash rent.
This is an ideal investment property or would also make a great 1031 exchange option for anyone looking for the stability of land as an investment or to expand the operations of an existing operator. This very sought-after land in Northcentral Iowa does not come on the market often and is a fantastic addition to anyone's farming portfolio. This is a rare opportunity for anyone seeking this level of high-value farmland.
For more information about this highly valued land in a prime location, contact Iowa Land Specialist, Pat Sifert, at 515-320-2491. You may also email Pat at pat@highpointlandcompany.com.
Property Address: 1701 300th St, Burt, IA 50522
Property Features:
- On Hard surface road
- Close to different grain markets
- Drainage ditch great for any future tile work
- 73.8 CSR2
- Wide entrance for larger equipment.
Driving Directions: From Burt Ia. go east 4 Miles on 300th Street (County Rd B19), farm is on the north side of the road.
