Recreational Land & Farm for Auction in Montrose, Iowa

Major Lee County, Iowa Land Sale - High-Quality Farmland in a Strong Farming Community! Peoples Company is pleased to represent the State of Iowa in the sale of 532.64 surveyed acres m/l of Lee County, Iowa quality farmland. Located within a short drive from Fort Madison, IA, these tracts would make for a great addition to an existing farming operation or a smart investment for the Buyer looking to diversify their investments. The four tracts will be offered through a Sealed Bid Sale Method where Buyers are able to submit bids on any individual tracts. All Sealed Bids are due before 4:00 PM (CST) on March 5th, 2026.

Of the total 532.64 surveyed acres m/l in this portfolio, the farmland includes an estimated 296.54 cropland acres. The portfolio will be offered as four tracts ranging in size from 57.56 to 205.57-surveyed-acre tracts, where they can be purchased individually or in any combination. Located in a strong farming community near several competing grain markets including both grain elevators and ethanol plants, these highly tillable, contiguous tracts of farmland have been proudly owned by the State of Iowa for many decades with a long-term tenant that has taken excellent care of each tract.

Tract 1: 159.45 Surveyed Acres M/L, 152 estimated cropland acres with CSR2 rating of 69.4.

Tract 2: 110.06 Surveyed Acres M/L, 98.86 estimated cropland acres with CSR2 rating of 71.1.

Tract 3: 205.57 Surveyed Acres M/L, 11 estimated cropland acres with CSR2 rating of 67.8.

Tract 4: 57.56 Surveyed Acres M/L, 34.68 estimated cropland acres with CSR2 rating of 47.6.

• Open House: Friday February 13th from 4:00PM - 6:00PM & Friday February 27th from 1:00PM - 4:00PM.
• The FSA cropland acres are estimated as several of these tracts are surveyed and are subject to change after reconstitution by the Lee County Farm Service Agency.

Don't miss this prime opportunity to own some tremendous cropland acres located in the heart of the Cornbelt for decades to come!