SOLD, 5 Year Contract, 4.3% ROI, 582 Acres,Tillable/Hunting/ROI
Northern Missouri is home to some of the best agricultural and recreational ground in the Midwest. These 582 acres illustrates just how diverse, and how much opportunity a farm in this region can possess. Property is located just a few miles from Illinois line, and not far from Iowa either.
Agriculturally, this farm brings great size, access, and tillable opportunity to the table. Currently cropped, cleanup and improvements mean this farm will be well-suited for full scale farming in 2020 and beyond. 415 acres tillable will be a notable addition to any sized operation. The farm lays favorable and is partially terraced. The farm consists of 78.38 acres of class 2 bottom ground. 212.99 acres of flat 1-9% slopes. The remaining 124.57 acres are on the gentle side of 9-14 % slopes mainly on the edges of all the up land. The farm is rented from 2020-2024 for $200/acre making a yearly cash rent income of $83,000.00 annually. This is a 5 year lease. Rent is paid half April 1 and remaining half December 1 of each year.
Recreation wise, this farm shines. Over 157 acres of timber and brush create excellent bedding, travel corridors, and food plot locations. The farm is setup incredibly for access points on nearly any wind. A farm of this size allows for strategic management, and the surrounding area is conducive to giant whitetails as well. Turkey and upland opportunities abound. Property will also sell with 5 enclosed deer blinds.
Bordered to the north by the Labelle Lake Conservation area, the two large watershed lakes consisting of almost 12 acres of water on the property setup nicely for Canada Goose hunting as well as fishing.
If you’re not a hunter and strictly looking for an investment Northeastern Missouri is a great place for top price hunting leases. It’s not uncommon for farms in this area to bring in $30/acre for hunting leases when they’re turn key like this one. This would add another $17,460.00 of yearly income and raise the annual income to a total of $100,460.00 and a 4.3% return at full asking price.
If you’re an outdoors man looking for a gorgeous Northern Missouri farm to pursue and manage for whitetails and turkey, a farmer adding to his row crop operation, or an investor seeking farm and sizable hunting lease return this one is for you. This place is a proven producer for GIANT WHITETAILS and BIG LONG BEARD TURKEYS. All lakes are fully stocked with bass, crappie, bluegill and catfish.
Excellent spot to build the cabin or home of your dreams overlooking one of the nice water structures as well. Water and electricity available. Give Andy Boyer a call at 1-636-295-1476. Licensed Real Estate Agent has ownership in this farm.
Farm is 2hr 40 min from Saint Louis Mo. 45 min from Quincy Illinois, 2hr 30min from Cedar Rapids Iowa, 3hr from Des Moines Iowa, 2hr from Columbia Mo, 3hr 15min from Kansas City Mo.