Brent Larson

$297,924

24.42 Acres

Gilmore City, Iowa, 50541

Open farm lease for 2026!Waste no time and start earning profit immediately! Located just west of Gilmore City, Iowa, this farm is in the heartland of Iowa with great productive potential for corn and soybean crops. The property offers 24.42± acres near local grain markets in Gilmore City. With a field location on a hard surface road, this parcel boasts an outstanding CSR2 of 88.1 and is currently in hay production as well as the conservation reserve program (CRP). The CRP contract expires on September 30, 2026, allowing the opportunity for row crop production or expanded forage opportunities in the 2027 growing season. This field would be an excellent candidate for potential organic certification since it has been in a CRP contract for nearly 10 years.Approximate Legal Descriptions: Fr. 24.42± ac of NW1/4 NW1/4 in Sec 1-T91N-R31W of the 5th PM, Lake Township, Pocahontas County, Iowa Exact legal description will come from the abstract of title.Driving Directions: Parcel 3 is located on the south side of Highway 3 on the west side of Gilmore City.Asking Price: $297,924.00 or $12,200.00 on 24.42± acres.Parcel 3: 24.42± AcresAsking Price $297,924.00 $12,200/acreTotal Gross Acres 24.42±Net Taxable Acres 23.98±Est. Tillable Acres (FSA Update Pending) 23.72±Prior Year Real Estate Taxes per Tillable Acre $34.68CSR2 on Tillable Acres 88.1Conservation Reserve Program (CRP) Acres (Expires 9/30/2026, $7,381.00/year or $336.60/acre) 21.93No Highly Erodible Land or Wetlands Method and Terms of Sale: Exclusively listed property. Interested buyers should contact Brent Larson with Sunderman Farm Management Co. to submit offers at 515-571-3704. Property is offered "As-Is, Where-Is" with no warranties or guarantees, expressed or implied, made by the seller or their agent. Sale is subject to all easements, covenants, and restrictions of record. Buyers should consult with the applicable professionals of their choice and complete all research and inspections prior to making an offer. A standard purchase agreement with no contingencies will be signed and buyer will provide earnest money in the amount of ten percent (10%) of the total sales consideration. Balance due via wire transfer at closing with delivery of a warranty deed and abstract showing merchantable title. Real estate taxes prorated to date of closing.

$1,202,300

153.16 Acres

General Description: 153.16 surveyed acres of cropland and timber found 1.5 miles southwest of Clare in Section 35 of Jackson Township in Webster County, Iowa. The farm is comprised of cropland and timber. The cropland is currently enrolled in CRP programs. Lizard Creek is the east boundary of this farm.This farm offers an exceptional opportunity to own an expansive multi-purpose recreational tract with tremendous income producing abilities. This farm is home to an array of wildlife including a pedigree of large white tail deer. The sizable tracts of well-established and maintained CRP offer a tremendous opportunity for pheasant hunting. The property has an abundance of resident turkey as well. Located a half-mile off of pavement, this farm is a prime opportunity for a hunter’s paradise while generating cash flow for years to come.Due to a qualifying event, the CRP contracts on this property are eligible for cancelation with no penalty. The annual CRP payment is $33,462.56. Driving Directions: The farm is found looking northeast from the intersection of 160th Street and Easter Avenue. From Barnum, the farm is three miles straight north on Easter Ave and found on the east side of the road. From Clare, the farm is 2 miles south on paved road Fairbanks Avenue, and one-half mile west on the north side of 160th Street. Legal Description: Parcel-A located in the South ½ of Section 35, Township 90 North, Range 30 West of the 5th P.M., Webster County, Iowa. A recent survey has been completed. This survey and official legal description are available upon request. Farm Information: Gross Acres 153.16 acres m/l Cropland Acres 114.91 acres m/l Corn Suitability Rating (CSR2) 63.2 Timber/Creek 33.47 acres m/l CRP Annual Payment 112.0 acres @ $298.77 average rate = $33,462.56 Predominant soils types are Spillville, Wadena, Clarion. Price: $ 1,202,300.00 or $ 7,850.00 per acre. Terms of Sale: Exclusively listed agricultural property. Interested buyers should contact Sunderman Farm Management Co. to submit offers. Earnest money will be ten percent (10%) of the total sale consideration at the time a purchase agreement is signed. All prospective buyers are expected to have financing arranged prior to submitting an offer. Balance due at time of closing via wire transfer with delivery of warranty deed and abstract showing merchantable title. Real estate taxes prorated to date of closing. Seller reserves the right to reject any and all offers. The property is offered "As-Is, Where-Is" with no warranties or guarantees, expressed or implied, made by the seller or their agent. Sale is subject to all easements, covenants, and restrictions of record. Real Estate Taxes: Estimated at $3,368.00 annually. Tax information is estimated and subject to survey & county re-assessment. Wooded areas are enrolled in Forest Reserve, a tax exempt program.