115.42 acres m/l of very good farm land that is well laid out located on a hard surfaced road. Patterned tiled in the late 70's early 80's By Weaver Tile from Oran Iowa. It has a CSR rating of 86.2(2) Production averages are very good with corn and beans, It has a mineral lease that pays $833.33 per month. This lease goes until 2028 and has been in place since 1984. This is an investors Dream, land rents for $400 per acre based on 110 acres,it will then change to 112 acres after the survey, paying $54,800 per year. The current tenant has a year to year lease and will be cancelled this September 1,2014 and re rented in the spring if needed. If the land owner would like to farm it himself that would work too. He could take possession in the Spring of 2015. The investor or farmer will collect the remaining quarry money for the year as well and the last farm payment paid in November. This amount would be determined by the closing date. There is also a house that sits on 4.58 acres that is listed separately for $242,500. The house has been completely remodeled. See listing # 20141426 ...less
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