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Agricultural Land with Home for Sale in Runnells, Iowa

7820 SE Vandalia Dr, Runnells, IA 50237

$3,400,000
168 acres
Active sale
ago
Est $19,847/mo

168-acre equestrian ranch and equine veterinary complex - one of the most extraordinary properties ever listed in the state of Iowa on beautiful rolling hills. 41 horse stalls, 14 fenced pastures, 28 total structures across 10 combined parcels, and a 6,700 SF turnkey equine vet clinic zoned Medical. 12 minutes to Prairie Meadows Racetrack. 20 minutes to Des Moines. 30 minutes to Iowa State University College of Veterinary Medicine in Ames. The equestrian facility is built for serious, high-volume operations. A 72 x 162 main stable houses 32 stalls complete with a wash bay and barn living quarters. Additional stabling, a hay barn, a finished office, a finished kitchen and bath area, open porches, a lean-to, multiple pole barns, a utility building, and a 4,300 SF electric exerciser and training arena complete the complex. All 14 pastures are fully fenced with dedicated automatic waterers and loafing sheds -- one per pasture. 37,000 linear feet of wood fencing runs throughout the property. All interior roads are asphalt, paved frontage runs on three sides, and two bridges provide full access across the property. A manure incinerator is also on site. The 6,700 SF equine veterinary clinic at 3350 SE 82nd Street was extensively remodeled approximately 5 to 6 years ago and has not been in use since - it is, for all practical purposes, brand new. The clinic features an operating room, a recovery room, a dedicated pharmacy build-out, in-floor radiant heat throughout, two boiler systems, dual crane lifts capable of handling heavy equipment, 4-foot wide doorways for large animal access, X-ray lighting built into the walls, microbial floor coating, an integrated fly system, an installed pressure washer, 8 interior stalls, a kitchen, and 2 bathrooms. A 60 x 120 covered arena sits directly adjacent on a neighboring parcel and could function in full conjunction with the clinic. Barndominium conversion is also possible with county approval. The historic 1918 farmhouse at 7820 SE Vandalia Drive offers 1,128 SF of living area across the main level and a finished attic, plus a full basement, 182 SF enclosed porch, and a 662 SF deck. Currently tenant-occupied on a month-to-month basis - immediate cash flow for the new owner. A one-of-a-kind converted train caboose cabin adds 836 SF of entertainment and event space with a 796 SF wraparound deck. Des Moines city water serves the site. A spring creek runs nearly year-round through 10 to 12 acres of oak timber. Five electric meters and a transformer power the full operation. Multiple executive building sites identified. Development potential along SE Vandalia Drive and SE 82nd Street. Southeast Polk School District. Polk County. $6,500 per month in existing lease income - $78,000 per year - on month-to-month leases with 60-day notice. Property taxes approximately $17,582 per year. This property is ideal for equine racing and breeding operations, large-animal veterinary practices, equine pharmaceutical companies, stem-cell research and treatment facilities, horse trainers, agri-developers, event and retreat venue operators, and cash flow investors. A one-of-a-kind property in Polk County, Iowa.

1,128
Sq feet
3
Beds
1
Full bath
1918
Built

Location

Street address
7820 SE Vandalia Dr
Community
Runnells
School district
Southeast Polk
Elevation
847 feet
Coordinates
41.5419, -93.4453

Property details

Acreage
168.31 acres
Zoning
Res/Med
MLS #
CIBOR 70220
Posted

Parcels

  • 220/00391-000-000

Legal description

Details and features

Listing

Type
Farm
Franchise
RE/MAX International

Lot

Features
Rolling Slope

Exterior

Fencing
Fenced
Pool
Deck, Porch
Features
Steel Siding

Structure

Stories
2
Basement
Unfinished
Sewer
Public Sewer, Septic Tank
Heating
Forced Air, Natural Gas
Cooling
Central Air

Interior

Rooms
Bathroom, Bedroom x 3
Flooring
Hardwood

Property utilities

CategoryTypeStatus
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
May 18, 2026New listing$3,400,000CIBOR
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This 168.31-acre property is located at 7820 SE Vandalia Dr in Runnells, IA 50237. The property is available for sale for $3,400,000. It has a 1,128 sq ft 3 bedroom, 1 bath house built in 1918.

Listed by RE/MAX Real Estate Center

Checked 1 hour agoUpdated Source

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