0000 Hickory Avenue, Adair, IA 50002
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Don’t miss this solid, income-producing asset with long-term upside!! This 76.5-acre Guthrie County farm offering income, potential, and flexibility. With 76.67 farmland acres and 71.56 cropland acres, this rolling tract features quality soils (Sharpsburg, Colo, Shelby, and others) and a CSR2 of 59. Currently leased for 2025, the farm generates $12,000 in cash rent, plus $313.88 from 3.5 CRP acres enrolled through 9/30/25. Total 2025 gross income: $12,313.88. Property taxes are $1,720. Lease opens in 2026, offering income upside. According to Iowa State’s 2024 Cash Rent Survey, Guthrie County averages range from $216–$263/acre for mid quality farms, presenting an opportunity for increased income. The farm was planted to corn in 2024 and has been maintained in a corn/soybean rotation. Lime was applied in 2024. Great fencing on the North & East property lines, over 700 ft of gravel road frontage, and good access make this an attractive addition to any operation or investment portfolio. The current tenant is not offering a buyout for 2025.
Location
Full feature list
Basic info
- Property type
- Land
- Lot size (acres)
- 76.50
Taxes
- Tax Annual Amount (2023)
- $1,785.39
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Des Moines Area Association of REALTORS® MLS MLS®#: 714474 Last checked: …
