92 Acres in Marshalltown, IA - $598,000
Great opportunity to invest in a farm that offers development potential near Marshalltown while producing income. This farm consists of 92 acres of which approx. 16.91 acres are located inside the Marshalltown city limits. The 70.26 tillable acres are currently rented on a 50/50 basis. Part of the pasture/hay acres could be converted to tillable also. Good yield history with good countercyclical yields of 165 on corn & 49 on soybeans. The farm is gently rolling to rolling in nature & the tillable acres have been well tiled.
The land outside the city limits is located in a planned residential area, according to the Planning & Zoning office of Marshall County. Continued growth is projected to occur in a southwestward direction & this farm is in its path. Highland Acres Road, which is currently graveled, runs along the east side of the farm. However, a new bridge over the railroad t...
The land outside the city limits is located in a planned residential area, according to the Planning & Zoning office of Marshall County. Continued growth is projected to occur in a southwestward direction & this farm is in its path. Highland Acres Road, which is currently graveled, runs along the east side of the farm. However, a new bridge over the railroad tracks to the south is under construction & the paving of Highland Acres Road, connecting Hwy 30 to Lincolnway, is planned. Once completed this area is expected to be further developed.
Note: Home on east side of the farm is excepted from the property as well as the portion that is fenced in behind the house.
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