42 +/- Acre Lakeview Investment and Hunting Property in Decatur County
This 42+/- acre property in Decatur County offers a rare combination of income potential, recreational opportunities, and comfortable livingsitting directly adjacent to the public ground surrounding Little River Lake, with beautiful views and easy access to the water. Located just 5 miles from Leon and 5 miles from Interstate 35, the setting provides the perfect blend of privacy and convenience.
The 1,620 sq. ft. fully furnished barndominium features 2 bedrooms, 1 full bathroom, rural water, propane gas, and septic. Whether used as a primary residence, weekend retreat, or turn-key rental, the home is set up for year-round comfort. It has already proven to be a strong income producer, generating roughly $7,000 in Airbnb revenue in recent months and around $7,000 in past hay income from the productive alfalfa ground. Decatur County is known for its large whitetails, and this property has be...
The 1,620 sq. ft. fully furnished barndominium features 2 bedrooms, 1 full bathroom, rural water, propane gas, and septic. Whether used as a primary residence, weekend retreat, or turn-key rental, the home is set up for year-round comfort. It has already proven to be a strong income producer, generating roughly $7,000 in Airbnb revenue in recent months and around $7,000 in past hay income from the productive alfalfa ground. Decatur County is known for its large whitetails, and this property has been rented to deer hunters, with additional spring rental potential for anglers targeting Little River Lake’s walleye.
The acreage includes alfalfa fields, hardwood timber, open ground, and a small pond that draws wildlife throughout the year. A shed and wood-storage shack provide convenient storage for equipment and gear. With its lake views, diverse landscape, proven income streams, and strong appeal to both hunters and fishermen, this is a standout investment property with exceptional recreational and residential value.
Property Features
-42 +/- acres in Decatur County, Iowa
-Borders public hunting ground surrounding Little River Lake
-1,620 square feet fully furnished barndominium
-2 bedrooms, 1 full bathroom, rural water, propane gas, and septic
-Strong Airbnb history with approximately $7,000 in revenue in recent months
-Hay production generating around $7,000 in past seasons
-Fall rental potential for large whitetail deer
-Spring rental potential for walleye anglers fishing Little River Lake
-Estimated 5.5% ROI from combined income sources
-Alfalfa fields, hardwood timber, open ground, and a small wildlife pond
-Shed and wood-storage shack for equipment and gear
-Around 5 miles from Leon and 5 miles from Interstate 35 for convenient access
From elevation to risk assessment
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Research Parcel InformationDirections
From I-35 southbound, take Exit 18 for CR-J20. Head east on CR-J20. Turn right (south) on County Road R40 (Lakeview Road). Head south on Lakeview Road until you meet 190th Street. Property is on your left.