Wayne County Land for Sale – SOLD

SOLD for $2,400,00 total

Parcel 1 – 137 acres m/l | $965,850 total or $7,050 per acre

Parcel 2 – 153.5 acres m/l | $1,166,600 total or $7,600 per acre

Parcel 3 – 77 acres m/l | $500,500 total or $6,500 per acre

Description: 367.5 total acres m/l of quality Wayne County farmland being offered for sale as 3 separate parcels. Each parcel has been well maintained and offers a high percentage of tillable cropland. The cropland is leased for a 3-year period through the 2025 crop year at a competitive rental rate, offering an excellent ROI. This sale offers a unique opportunity to purchase several farms close together with these features in this area of Wayne County.

Click here to view: Wayne County Land for Sale Brochure >

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Taxes, FSA Data & Property Info

Estimated Net Taxes

See listing brochure for each parcel's estimated net taxes.

FSA Data

FSA data and CSR2 ratings for Parcels 1-3 can be found on pages 2, 6 & 10 of the land listing brochure.

Legal Description

Wayne County- 137 acres m/l located in the SE ¼, except commencing at the SE corner thence W 675.95', thence N 513.83', thence E 675.95', thence S to point of beginning, in Section 23, Township 69 North, Range 23 West of the 5th P.M., Wayne County, Iowa.

Wayne County- 153.5 acres m/l located in the NE ¼, except commencing in the SE corner thence W 231', N 564.3', E 231', S 564.3' to point of beginning, in Section 26, Township 69 North, Range 23 West of the 5th P.M., Wayne County, Iowa.

Wayne County- 77 acres m/l – The E ½ SE ¼ of Section 26 all in Township 69 North, Range 23 West of the 5th P.M., Wayne County, Iowa.

(Exact Legal Descriptions will be determined from the Abstract)

Property Location

Corydon, IA 50060

Sales Terms & Announcements

Method: Each property will be offered for sale as an individual tract.

Contract & Earnest Payment: A 10% earnest money payment is required upon acceptance of offer and balance will be due at closing.

Closing & Possession: Closing date will be on or about 30 days upon acceptance of offer. Possession will be granted to the buyer at closing subject to the tenant’s rights under the 2023 farm lease. The farm is leased for $275 per acre under a 3-year farm lease through the 2025 crop year.

Announcements: All property is sold on an “As is, Where is” basis. No warranty or guaranty, either expressed or implied, is made by the agent or seller. Sale is subject to all covenants, leases and easements of record. Conducting inspections and due diligence is the responsibility of each bidder and at their own risk.

Disclaimer: Iowa Land Sales obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only and they may not represent current or future performance of the property. You and your tax and legal advisers should conduct your own investigation of the property and transaction.