Listing #18342 - 180.00 acres in IA | Peoples Company

New Listing

Wayne County, IA
180.00 Acres M/L

235th Avenue
Promise City, IA 52583

Price	$1,035,000
Listing	#18342

LAND AGENT

Chase Duesenberg

Office: 515.222.1347
Mobile: 641.529.0562
Chase@PeoplesCompany.com

Contact

View Listings View Bio

LAND AGENT

Jake Sickels

Office: 515.961.0247
Mobile: 515.681.2103
Jake@PeoplesCompany.com

Contact

View Listings View Bio

Info
Map
Photos
Downloads

Property Info

Description

Income-Producing Recreational Property in Wayne County, Iowa

If privacy and seclusion are your top priorities, this 180-acre m/l property in Wayne County is exactly what you're looking for. Situated northeast of Promise City, this unique parcel is accessible through private easement off 235th Street. It's also conveniently located just southwest of Rathbun Lake, Iowa’s second-largest lake, spanning 11,000 acres and offering year-round recreation including fishing, boating, swimming, hiking, and camping.

The owner has enrolled 143.42 acres into income-generating conservation programs:

76.10 acres enrolled in the Conservation Reserve Program (CP38E-25) through 2035, generating $11,415 annually ($150/acre)
67.32 acres enrolled in the Marginal Pastureland Riparian Buffer (CP22) through 2031, providing $5,332 annually ($79.20/acre)
Together, these contracts yield a total annual income of $16,747.

The remaining 10 acres m/l are currently used for hay production and strategically placed food plots, enhancing the property's appeal to wildlife. Carls Creek flows through the property, and established crossings provide easy access across the entire farm. The combination of food, cover, and water creates an ideal habitat for deer, turkey, and upland game birds, making it a hunter’s paradise. Hunting rights will be available for the 2025 season.

Don't miss your chance to own a secluded, income-producing getaway with scenic views, rolling hills, and unmatched tranquility in the heart of southern Iowa.

Legal Description

The Southeast Quarter of the Northeast Quarter and the Northeast Quarter of the Southeast Quarter and the North Half of the Southeast Quarter of the Southeast Quarter of Section Twenty-two, Township Seventy-seven North, Range Twenty-three West of the Fifth P.M. in Wayne County, Iowa.

AND

The Southwest Quarter of the Northwest Quarter and the Northwest Quarter of the Southwest Quarter of Section Twenty-three, Township Seventy-seven North, Range Twenty-three West of the Fifth P.M. in Wayne County, Iowa.

The exact legal description to be taken from Abstract.

Directions

From Promise City, Iowa: Head east out of town on Highway 2 for 1.2 miles. Turn left onto 235th Avenue and travel north for 1 mile. The property will be on the west side of the road. Take the easement access lane west to the property. Please look for Peoples Company signage.

Improvements

Tile, ponds, food plots, creek crossings, good fencing

Reserved Items

All hunting blinds, stands, trail cameras, and other associated hunting equipment are reserved by the current hunting tenant and will not be included with the real property.

Sign On Property: Yes
Parcel Number: 080K22200004, 080K22400002, 080K22400004, 080L23100003, 080L23300001
School District: Seymour Community School District
General Area: Just northeast of Promise City, Iowa
Net Taxes: $2,774.00
Zoning: Agricultural

Interactive Map

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.