184 Acres in Lovilia, IA - $1,012,000
Iowa Investment Property with Income Producing Ag Land, CRP Land and Exceptional Recreational and Hunting Use. This Monroe County, Iowa 184 +/- acre combination farm is located near the borders of Lucas and Marion Counties offering a combination of productive ag land currently seeded to alfalfa/hay, native grass CRP with timbered fingers & draws bisecting the farm.
This property offers great investment potential with 80 +/- acres in CRP with an annual payment of $12,181 on 2 contracts expiring in 2025 and 2034. The additional income comes from 43 +/- open crop acres carrying a 52.8 CSR2 currently seeded to alfalfa on gently rolling terrain that could easily be converted to row crop production. Reasonably estimated total farm income from CRP and alfalfa acres would range from $19,500 to $21,000 depending on use and not including a prospective hunting lease.
This property lays in an...
This property lays in an area that produces true world-class hunting opportunities and is set up with solid access to multiple natural funnels across the farm. Timbered draws break up the farm perfectly and offer several smaller fields along with larger fields, all of which create major travel corridors and offer edge habitat for hunting multiple winds all season long. There are multiple locations to convert to food plots, which would put this farm over the top. With a large section of Stephens State Forest to the south, the private and secluded location of this farm, in the middle of a large section of contiguous acres makes for a stout population of whitetail, turkey, and small game. Iowa combination farms that offer both a solid return from sustainable income and true long-term trophy hunting potential are hard to find and this one offers all that and much more.
Directions
From Chariton or Albia, take Highway 34 going North on 500th Avenue. Keep North curving onto 340th Avenue then back on 500th Avenue. Turn West on 110th Street then South on 505th Avenue. Property will be on the East & West sides of the road after 1/2 mile.
Resources
- Aerial Map Tillable Acres.pdf
- CRP Color Coded Map.pdf
- Aerial Map Whole Farm.pdf
- Aerial Map Open Acres.pdf
- Aerial Map Tillable Acres.pdf
- Aerial Map Whole Farm.pdf
- CRP Color Coded Map.pdf
- Plat Map.pdf
- Soils Map Open Acres.pdf
- Soils Map Tillable Acres.pdf
- Soils Map Whole Farm.pdf
- Topography Contours Map.pdf
- Topography Hillshade Map.pdf
- Topography Map.pdf
- Monroe County 184 Acres Brochure.pdf
