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Land with Home for Sale in Ottumwa, Iowa

15355 118th Ave, Ottumwa, IA 52501

$2,924,000
272 acres
Active sale
ago
Est $15,775/mo

This exceptional 272 acre Wapello County farm offers an outstanding combination of productive cropland, dependable CRP income, and a well-maintained rural acreage. The farm includes approximately 251.05 FSA cropland acres, with 97.53 acres in row crop production, 96.90 acres enrolled in CRP, and 56.62 acres seeded to native grasses and forbs through the Conservation Stewardship Program (CSP). The CSP acres may be terminated and returned to production for the 2027 crop season. The average CSR2 across the cropland acres is 64.4, while the average CSR2 across the current production acres is 83. Whether you're looking to expand your farming operation, add to your investment portfolio, or purchase a country acreage, this property is an excellent opportunity. The Sellers may consider dividing the farm into multiple tracts, and Buyers are encouraged to structure and submit offers accordingly. The one story ranch style dwelling has 3 bedrooms and 1 bathroom. Dwelling roof and windows were replaced in 2026. Dwelling siding will be replace prior to closing. There is a partial unfinished basement. The updated water heater and furnace are located in the basement. A deck has recently been added on the north side of the dwelling. A portion of the machine shed has concrete floor and electricity, one sliding door on west side and two sliding doors on south side.

Sq feet
3
Beds
1
Full bath
1
1/2 bath
1956
Built

Location

Street address
15355 118th Ave
Zip code
52501
Elevation
784 feet
Coordinates
41.1095, -92.3828

Directions

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. Tract 1 is located South and West of 118th Avenue, and Tract 2 is located North and East of 118th Avenue.

Property details

Acreage
272 acres
Zoning
Agriculture
MLS #
NCMLS 6341556
Posted

Property taxes

2024
$10,022

Parcels

  • 0017201063200

Legal description

Details and features

Listing

Type
Farm

Structure

Basement
Partial
Heating
Forced Air
Cooling
Central Air
Materials
Metal Siding

Interior

Rooms
Bathroom x 2, Bedroom x 3

Listing history

DateEventPriceChangeSource
Aug 13, 2026New listing$2,924,000NCMLS
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This 272-acre property is located at 15355 118th Ave in Ottumwa, IA 52501. The property is available for sale, priced at $2,924,000. It has a 3-bedroom, 1.5-bath house built in 1956.

Listed by Growthland Realty, (515) 332-1863

Checked 2 hours agoUpdated Source

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