Van Alstine

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 three separate parcels totaling 324.52± acres near local grain markets in Gilmore City. With field locations on hard surface roads, along with 4 round steel bins for storing grain, this farmland is an excellent addition for a local farmer or an investor looking for diversification. Mineral rights vested in current ownership will be conveyed along with the farmland, so the potential exists for future mineral income. Parcel 2 includes a grain bin site with 4 actively used bins with a total storage capacity of approximately 25,000 bushels. It also has a 30' x 36' Quonset shed for additional equipment storage. Parcel 3 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:

Parcel 1: NW1/4 except E 849.1± feet thereof in Sec 35-T92N-R31W of the 5th PM, Garfield Township, Pocahontas County, Iowa

Parcel 2: 7.8 ac of SE1/4 SW1/4 Sec 25-T92N-R31W of the 5th PM, Garfield Township, Pocahontas County, Iowa, as described in Book 2026 Page 178, and NW1/4 W of RR ROW and W1/2 SW1/4 except cemetery (4.0± acres) and except Gilmore City property (5.15± acres) in Sec 36-T92N-R31W of the 5th PM, Garfield Township, Pocahontas County, Iowa

Parcel 3: 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 descriptions will come from the abstract of title.

Driving Directions: Parcel 1: From the intersection of Highway 3 and 330th Avenue just west of Gilmore City, go north 1 mile on 330th Avenue to 510th Street. Then go 0.25 miles west on 510th Street, and Parcel 1 will be on the south side of the road adjoining the west border of Moore Recreation Area. Just west of Gilmore City, Parcel 2 is located along the east side of 330th Ave between Highway 3 and 510th Street. Parcel 3 is located on the south side of Highway 3 on the west side of Gilmore City.

Asking Price: $3,200,644.00 or $9,862.70 on 324.52± acres.

Rental Status: Current farm lease is terminated effective March 1, 2026. Full possession will be provided to the buyer at closing.

Parcel 1: 109.10± Acres

Asking Price $1,221,920.00 $11,200/acre

Est. Total Gross Acres 109.10±

Est. Net Taxable Acres 107.64±

Est. Tillable Acres (FSA Update Pending) 106.06±

Prior Year Real Estate Taxes per Tillable Acre $40.07

CSR2 on Tillable Acres 79.5

No Conservation Reserve Program (CRP) Acres

No Highly Erodible Land

0.3 Ac Farmable Wetland Along Western Boundary

Parcel 2: 191± Acres

Asking Price $1,680,800.00 $8,800/acre

Total Gross Acres 191.00±

Net Taxable Acres 173.07±

Est. Tillable Acres (FSA Update Pending) 168.87±

Prior Year Real Estate Taxes per Tillable Acre $25.72

CSR2 on Tillable Acres 68.5

No Conservation Reserve Program (CRP) Acres

No Highly Erodible Land or Wetlands

Parcel 3: 24.42± Acres

Asking Price $297,924.00 $12,200/acre

Total 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 $34.68

CSR2 on Tillable Acres 88.1

Conservation Reserve Program (CRP) Acres

(Expires 9/30/2026, $7,381.00/year or $336.60/acre) 21.93

No 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.