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Land for Sale in Independence, Iowa

240th St, Independence, IA 50644

$792,300
57 acres
Active sale
ago
Est $5,524/mo

Presenting 57 acres m/l of premium Buchanan County farmland for sale, offering an excellent investment opportunity with a secure saleleaseback structure and a reliable longterm tenant already in place. This highly productive tract includes 55.36 tillable acres with an average CSR2 rating of 83.9. The main soil types, Readlyn, Tripoli, and Kenyon loams, are some of the best soils found in Northeast Iowa.

The farm has a strong history of high yields and consistent fertility, enhanced by annual manure applications. Full details of the crop lease are available upon request. For buyers seeking additional scale, 103 acres m/l located just 1/2 mile south can also be purchased.

This property offers excellent access and visibility, positioned near Iowa Highway 20 with entry from 240th Street. Located just southwest of Independence, Iowa, the farm sits in Section 11 of Westburg Township, a desirable agricultural area known for its productive land base.

This is a rare chance to acquire highquality Iowa farmland with strong soils, proven productivity, and a stable tenant, and is ideal for investors of all types and 1031 exchange buyers.

Location

Street address
240th St
Elevation
940 feet
Coordinates
42.446, -91.9705

Property details

Acreage
57 acres
Posted

Property taxes

Recent
$2,200

Resources

Listing history

DateEventPriceChangeSource
Mar 27, 2026New listing$792,300NCMLS
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This 57-acre property is located at 240th St in Independence, IA 50644. The property is available for sale for $792,300 with a price per acre of $13,900.

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