111 +/- tillable acres being split off from a larger 168 +/- acre farm. The land boasts excellent cash rent returns, high yields, irrigation and long-term rent options. Ideal for an investor, this farm comes with a $400/ac cash rent in place for 2026 with options to extend. Full cash rent will be funded at closing.
Investment Analysis(Estimated)Asking Price: $1,387,500 ($12,500/ac)$400/ac cash rent: $44,400 (111 acres)Drainage tax: $3,846 (+/-)Property tax: $2,970 (+/-)Net Income: $56,879 (+/-)Cap Rate: 2.8% (+/-)
Yield data shows an average corn harvest at 188-197 bu/ac.
A soil test was completed in April of '26 and is attached in the property documents section. There is anestimatedSection 180 excess soil fertility deduction of over $1,400/ac.