This 77+/- acres is located in Lewis County, MO, north of Labelle, with 58.97+/- of the acres currently in tillable production. The west side of this farm has thick draws that hold deer and other wildlife, making this a nice combo farm with great income.
The soil types are largely Keswick loam, 53.6% and Gorin Silt Loam, 22.9%. The current farmer has offered to continue working this farm, and will pay $200.00 an acre cash rent for that right. This produces $11,794.00 of annual income, and a kicks off a 3.82% return on investment at asking price. With the hunting available here, this property would justify a $15.00 to $20.00 hunting lease, producing another $1,155.00 and increasing the return to a possible 4.20% return at asking price.
NOTE**PFRG has 25 farms currently listed for sale in Lewis County, several of which are very close to this property. See attached map, or call for more i...
NOTE**PFRG has 25 farms currently listed for sale in Lewis County, several of which are very close to this property. See attached map, or call for more information on the location of these properties.
Great income producing property with good hunting and nice ROI.
Ambush spots created by draws/inner fields
Access from the east allows creates ideal stand approach for most winds.
Several hundred acres for sale close by
2:45 minutes from St. Louis
40 minutes from Quincy, IL
45 minutes from Hannibal MO
Property listed for sale at $308,000.00