This 36.91 acres in Lewis Co., MO is located on Highway K just north of Labelle. All of the acreage is currently in tillable production. Soil types here are 85% Kilwinning silt loam, with 1% to 5% slopes, making this a productive tract. The current farmer has offered to continue working this property for the new owner, and will pay $225.00 annual cash rent, and will agree contractually to this number for 3 years. This cash rent will produce $8,120.00 of annual income, and a solid 3.99% return on investment at asking price.
Hard road frontage
Electric on site
Property listed at $203,005.00 or $5500.00 per acre
There are 6 grain bins located at the edge of this property that are for sale as well. Call for details.
This is a nice investment tract with more ground available around it, so dont wait too long to call me, Dale Dunn, at 636-443-9481.
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