AVAILABLE FOR BID!- Mahaska County, IA Farm – 140 Acres M/L – Bids Due August 26th

Property Overview

Joseph D. Blunk Estate
Mahaska County, IA
140 Acres M/L
77.6 Tillable A M/L; 63.0 CSR2
Available for Bid
Bids due August 26th, 2026 at 10 AM CST

Farm Highlights

This diverse Mahaska County farm offers a combination of income-producing farmland and recreational opportunities. The property includes 77.6 FSA tillable acres, with 40.78 acres enrolled in CRP generating $8,068 annually and 36.82 acres of productive cropland. Mature timber, including marketable walnut trees, borders the creeks along the east and west property lines. This farm is well suited for investors, hunters, or anyone looking for a property that offers both income and recreation.

Excellent combination of income potential, quality hunting, and recreational appeal
Rolling terrain, mature timber, creek corridors, and marketable walnut trees
Outstanding wildlife habitat with long-term value and investment appeal
Available for the 2027 crop year

Property Details

Acreage & Tax Details

FSA Acres: 139.30
Tillable Acres: 77.60
CRP Acres: 40.78
Net Taxable Acres: 83.25
Soil Productivity, Tillable CSR2: 63.0
Property Taxes: $2,246.00
Parcel Numbers: 1603100004, 1603200005, 1603200008
School District: Eddyville-Blakesburg-Fremont Community School District

Location & Legal

Township: Cedar
Location: Located 2 miles northwest of Fremont, Iowa. The north border is 280th Street and the west border is Vernon Avenue.
Legal Description: The NE1/4 NW1/4 and the W1/2 NE1/4 of Section 3, Township 74 North, Range 14 West of the 5th P.M., Mahaska County, Iowa. Exact legal to come from abstract.

FSA Farm Base Acres

Corn Base Acres: 23.61
Corn PLC Yield: 136
Bean Base Acres: 11.84
Bean PLC Yield: 48
*Pending FSA Reconstitution

Conservation Reserve Program (CRP)

Contract Number	Expiration Date	Acres	Rental Rate / Acre	Annual Payment
11680	9/30/2030	22.36	$178.08	$3,982.00
11452	9/30/2034	1.8	$192.00	$346.00
12114	9/30/2035	16.62	$225.00	$3,740.00
TOTAL		40.78		$8,068.00

*Pending FSA Reconstitution after sale.

Bid Process

Offer Process

Prospects will submit offers via customized bid form by Wednesday, August 26, 2026, at 10 AM CST. Ask Agent for bid form.

Round One Bidding Process

Prospects will submit a bid by Wednesday, August 26, 2026, at 10 AM CST. Ask Agent for bid form.
Cash offers with minimal contingencies
Accepting property “as is”, “where-is”

Seller Options After Round One

Accept one bid
Negotiate with one bid
Reject all bids and retain ownership
Ask top 4 bidders to a bid-off on August 26, 2026 at 2 PM CST. Location TBD (Round Two).

Terms

Ten percent of the purchase price required from successful bidder as earnest money. Buyer(s) will sign Real Estate Sales Agreement, purchasing with no financing contingencies, and must be prepared for cash settlement of the purchase at the time of closing.

Closing

Ideally close within 45 days of final offer date. Subject to court approval.

Conditions

This sale is subject to all easements, leases and any other restrictions of record. Buyer(s) understand they are purchasing the property “as-is, where-is” unless specifically noted in offer. Any expenses post-closing are solely the responsibility of the Buyer(s). Available for the 2027 crop year. Seller is offering a credit to the Buyer at closing for a field entrance along 280th Street and a creek crossing to access the South field.