Land for Auction in Oelwein, Iowa

Fayette County, Iowa Farmland Auction - Mark your calendars for Thursday, August 27th, 2026! Peoples Company is pleased to present the opportunity to purchase 151.86 surveyed acres of Fayette County, Iowa farmland located just outside the Oelwein city limits. Offered in two individual tracts, this farm presents an excellent opportunity for farmers, investors, development speculators, and buyers seeking high-quality Iowa farmland with strong long-term potential.

The property consists of 151.86 surveyed acres and will be offered as two separate tracts. Tract 1 contains 108.32 surveyed acres with an estimated 102.89 cropland acres, carrying an impressive CSR2 soil rating of 84.4. Tract 2 consists of 43.54 surveyed acres with an estimated 40.74 cropland acres, carrying an average CSR2 soil rating of 85.3. Both tracts are considered NHEL (Non-Highly Erodible Land), and feature highly productive soils that exceed the Fayette County average CSR2, with the predominant soil type being Kenyon Loam.

The farm is currently enrolled in the Conservation Reserve Program (CRP), with the majority of the contracts expiring in 2026, allowing for immediate possession at closing. Tract 1 has one CP5A field windbreak CRP contract remaining, covering 1.67 acres and paying $393.20 per acre or $657.00 annually through 2030.

The land is situated directly adjacent to the city limits of Oelwein, Iowa, creating the potential for future development. Tract 2 has road frontage along 6th Street NE and 8th Avenue NE, with sewer and water located along 8th Avenue. The land is currently zoned Agriculture with adjacent properties zoned Residential.

The auction will be held Thursday, August 27th, 2026, at 10:00 AM at Transco Events on Frederick. The farm will be offered in two individual tracts via the Buyer's Choice auction method, where the high bidder may take one or both tracts at the high bid amount.