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Agricultural & Residential Land for Sale in Indianola, Iowa

S Y St, Indianola, IA 50125

$2,450,000
118 acres
Active
ago
Est $16,700/mo

Located inside the Indianola city limits, this 118+/- acre farm offers an outstanding opportunity for future residential development while producing immediate annual income. The property is currently rented for pasture and row crop production and generates $27,550 per year. With water and sewer available at the road, plus both east and west access, the tract features nearly 1/2 mile of paved road frontage -ideal for multiple points of entry. The pasture acres include a scenic pond, and the gentle topography sets up perfectly for a neighborhood-style subdivision. Zoned R1/R2 for future development, this is a rare chance to secure a sizable, city-limit tract with utilities in place -whether you're looking for an investment or additional farmland. All information obtained from seller and public records.

Location

Street address
S Y St
Community
Indianola
School district
Indianola
Elevation
958 feet
Coordinates
41.3596, -93.5966

Directions

from the intersection of highway 65/69 and highway 92 Indianola head west 2 miles to Y street, Head south on Y street for .5 miles and the property is on the west side of the road. You can also access the farm from R63.

Property details

Acreage
118 acres
Zoning
Ag
MLS #
DMAAR 735019
Posted

Property taxes

Recent
$2,209

Parcels

  • 49024340227
  • 49576020025
  • 49619000070
  • 49619000080

Legal description

Details and features

Listing

Type
Land
Franchise
RE/MAX International

Listing history

DateEventPriceChangeSource
Feb 25, 2026New listing$2,450,000DMAAR
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This 118-acre property is located at S Y St in Indianola, IA 50125. The property is available for sale for $2,450,000 with a price per acre of $20,763.

Checked 1 hour ago — Updated

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