240+/- Acres Chickasaw County, IA – AUCTION
240 Acres +/-
High Point Land Company is honored to represent the Jerdee Farm at live public auction at 1:00 PM on November 18, 2020 at the Chickasaw Event Center in New Hampton, Iowa.
Located in Jacksonville township at the intersection of Pembroke Avenue and 160th street sits this 240+/- acre property with a well-kept acreage; including a grain bin site, shop, and multiple outbuildings. It’s evident after viewing the extensive tile maps, that the land owner and recent tenant has spared no expense in maximizing the productivity of this farms 212 +/- certified cropland acres. With multiple revenue generating opportunities including: a wind contract, farmhouse rent, and an annual lease of the 60,000-bushel grain storage with air flow system; this is going to be a great opportunity to invest in a very diverse “A” quality farm! This property shall be offered free from any lease for 2021 and shall be offered in three Tracts:
Tract 1 – Tract one shall be offered as 40 +/- gross Acres on the East Side of Pembroke Ave boasting an 84.7 CSR2 acre across the tillable acres. This land consists largely of Clyde Clay Loam and Ostrander Loam. In addition to the operational clay tile that still exists on this property, this productive piece was tiled in 2014 on 50-foot spacings. This tract would be a great opportunity to add on to any operation and with a wind contract in place, this property has great potential for additional revenue in the future.
Tract 2 – Tract 2 shall be offered as 200 +/- gross acres on the West side of Pembroke Ave; including the acreage and 60,000-bushel grain storage with air flow system built in 2008. The tillable land consisting largely of Kenyon Loam and Cresco loam boasts an 82.7 CSR2 rating across its entirety. A deeper analysis shows some of the 40’s nearly reaching a 90 CSR2 rating individually. This property is extremely well tiled, with multiple tile projects in 2005, 2012, and most recently in 2014 making nearly all of the tillable land tiled on 45-50’ spacings. With multiple field drives and access points, this farm has been extremely well managed, and is a proven producer. This tract will also come with a wind contract, adding even more upside in the future.
The acreage located at 1571 Pembroke Ave, New Hampton, IA will be included in tract 2. At the heart of the acreage sits a classic farmhouse with incredible potential, whether to continue to use it as a rental property to generate income; or to be an incredible family home. The house, with steel roof, mud room, and incredible farmhouse charm, has a total gross living area of 1,984 sq ft. The 3 bath, 3 bedroom house has all of the potential to be a forever home. Just outside the home sits a two-stall garage, and additional outbuildings with a heated shop. The acreage sits amongst mature trees, and a well-established windbreak making for a peaceful setting to start and end your day. Both the grain storage, and home have been leased out prior to this sale, and could likely continue if the buyer chooses that they would like additional income. Septic will be updated prior to closing to pass Iowa requirements. More pictures of the home will be added.
*Please note that the grain dryer and augers will be removed prior to the sale.
Tract 3 – Tract 3 shall be the offering of the farm in its entirety, including 240 +/- Gross acres with acreage and grain bin setup. This is an incredibly rare opportunity to buy 240+/- contiguous acres of highly productive farm ground. This farmland has served this family well over its ownership and will be certain to be held in it’s new owner’s family for generations to come.
Contact Iowa Land specialist, Nick Hopp 319-240-6121 or Nick@HighPointLandCompany.com for more details.
-212 +/- Certified Cropland Acres
-83 CSR2 rating across entirety (Tract one boasting 84.7 CSR2)
-60,000 Bushel Grain Storage with Air Flow system and sweeps built in 2008
-Wind Contract Generating $1167.40 annual with future potential
-Acreage including farmhouse, heated shop, and multiple buildings for storage
-Extremely well Tiled
-Opportunity to buy 240+/- contiguous acres