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NEW LISTING! Wapello County, IA Farm & Acreage. 272 Acres M/L. $2,924,000 ($10,750/A)
Property Overview
272 Acres M/L | 251.05 Cropland Acres M/L | 64.4 CSR2 | $2,924,000 ($10,750/A)
Growthland is offering for sale a 272 acre farm in Highland Township, Wapello County, Iowa. It combines productive cropland, dependable CRP income, and a well maintained rural acreage on a hard surfaced county road north of Ottumwa.
- 97.53 acres currently in row crop production, averaging 83 CSR2
- 96.90 acres enrolled in CRP paying $23,741 per year on contracts running out to 2031, 2034, 2035 and 2036
- 56.62 acres seeded to native grasses and forbs under CSP, which may be terminated and returned to production for the 2027 crop season
- A three bedroom acreage with a machine shed, pole shed, corn crib and four grain bins
- The sellers may consider dividing the farm into multiple tracts, and buyers are encouraged to structure and submit offers accordingly
Land and Production
The average CSR2 across the cropland acres is 64.4, while the average CSR2 across the current production acres is 83. The top soils on the farm include Otley-Nira, Colo, Mahaska and Otley silty clay loams.
| FSA Acres | 273.35 |
| Cropland Acres | 251.05 |
| Row Crop Acres | 97.53 |
| CRP Acres | 96.90 |
| CSP Acres | 56.62 |
| Cropland CSR2 | 64.4 |
| Property Taxes (2025-2026) | $10,022.00 |
| School District | Ottumwa Community School District |
FSA farm base acres: Corn base 126.60 acres with a 119 PLC yield, bean base 26.33 acres with a 37 PLC yield. FSA Farm 949, Tract 1029.
CRP Income
Four CRP contracts covering 96.90 acres pay a combined $23,741 per year, with the last contract running through September 30, 2036.
| Contract | Expires | Acres | Rate / Acre | Annual Payment |
|---|---|---|---|---|
| 11603 | 9/30/2031 | 42.04 | $245.84 | $10,335.00 |
| 11851 | 9/30/2034 | 9.28 | $300.00 | $2,784.00 |
| 11915 | 9/30/2035 | 26.25 | $212.00 | $5,565.00 |
| 9/30/2036 | 19.33 | $261.60 | $5,057.00 | |
| Total | 96.90 | $23,741.00 |
The Acreage
The one story ranch style dwelling was built in 1956, has 1,474 square feet, three bedrooms and one and a half bathrooms. The roof and windows were replaced in 2026 and the siding will be replaced prior to closing. There is a partial unfinished basement holding an updated water heater and furnace, and a deck has recently been added on the north side of the dwelling.
A portion of the machine shed has a concrete floor and electricity, with one sliding door on the west side and two sliding doors on the south side.
- 1956 attached garage, 528 SF
- 1980 machine shed, 2,800 SF
- 1966 pole shed, 2,800 SF
- 1955 corn crib, 900 SF
- Four grain bins: 6,800 bu (1969), 6,300 bu (1977), 5,000 bu (1980) and 750 bu (1960)
Location
15355 118th Ave., Ottumwa, IA 52501
Highland Township, Sections 20 and 29, T73N-R13W
From the Highway 163 and Highway 149 intersection north of Ottumwa, go 1/2 mile north to Highland Center Road, then east 1.25 miles to 118th Avenue, then north 3/4 mile. The property is divided by 118th Avenue.
Legal description: The Southwest Quarter (SW1/4) and the Southeast Quarter (SE1/4) of the Northwest Quarter (NW1/4) (except the north 20 feet thereof) in Section Twenty (20), and the North Half (N1/2) of the Northwest Quarter (NW1/4) of Section Twenty-nine (29), all in Township Seventy-three (73) North, Range Thirteen (13) West of the 5th P.M., Wapello County, Iowa.
Showings
Showings by appointment only. The dwelling is occupied and the farm is in production. Call Mac Chilton to schedule a time to walk the farm or tour the acreage.
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