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Exeter Ave - Evelyn E. Reusch Revocable Trust Land Auction
155.22 Acres of Agricultural Land in Nashua, IA 50658
Investment Highlights
- High-Quality Farmland
- Well Cared For
- Excellent Soil Types
Executive Summary
The auction will take place on Friday, November 1st at 10:00 AM at The Gateway to Northeast Iowa Welcome Center in Nashua and the property will be sold as one individual tract on a price-per-acre basis. The live auction will be available for viewing and bidding through our mobile bidding app for those who are unable to attend. Don't miss the chance to bid on this land that has not been available to the general public for well over 40 years. The farm is located just east of Nashua in Section 24 of Bradford Township, Chickasaw County, Iowa.
Legal Description
The NW1/4 of Section 24, Township 94 North, Range 14 West of the 5th P.M. in Chickasaw County, Iowa EXCEPT The North 520 feet of the West 400 feet of the NW1/4 of Section 24, Township 94 North, Range 14 West of the 5th P.M., Chickasaw County, Iowa. Exact Legal Description to be taken from the abstract.
Directions
From Nashua: Travel east out of town on Highway 346 for 4 miles to Exeter Avenue. Turn south on Exeter Avenue and travel 1.25 miles. The farm will be located on the east side of the road. There is additional road frontage along 280th Street.
Financial Summary (Pro forma - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
£40,732
|
£262.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£40,732
|
£262.41
|
| Taxes |
£3,909
|
£25.18
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£3,909
|
£25.18
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £40,732 |
| Annual Per AC | £262.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | £40,732 |
| Annual Per AC | £262.41 |
| Taxes | |
|---|---|
| Annual | £3,909 |
| Annual Per AC | £25.18 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | £3,909 |
| Annual Per AC | £25.18 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Agricultural |
| No. Lots | 1 | Total Lot Size | 155.22 AC |
| Property Type | Land | Cross Streets | 280th Street |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Total Lot Size | 155.22 AC |
| Cross Streets | 280th Street |
1 Lot Available
Lot
| Lot Size | 155.22 AC |
| Lot Size | 155.22 AC |
Peoples Company is proud to present the Evelyn E. Reusch Revocable Trust farm in Chickasaw County via live, public auction! The auction will take place on Friday, November 1st at 10:00 AM at The Gateway to Northeast Iowa Welcome Center in Nashua.
Description
Peoples Company is proud to present the Evelyn E. Reusch Revocable Trust farm in Chickasaw County via live, public auction! The 155.22 acre m/l property is comprised of 149.59 FSA cropland acres with an average CSR2 rating of 87.3, well above the county average. The main soil types found on this property are the productive Clyde-Floyd complex, Kenyon loam, and Readlyn silt loam. The land boasts a gentle natural slope and is situated at a higher elevation compared to surrounding properties, and is classified as NHEL (Non-Highly Erodable Land). This highly tillable farmland is equipped with significant tile and is ideally located in the heart of corn country, with a close proximity to ethanol plants in Lawler, Charles City, Fairbank, and Shell Rock. The auction will take place on Friday, November 1st at 10:00 AM at The Gateway to Northeast Iowa Welcome Center in Nashua and the property will be sold as one individual tract on a price-per-acre basis. The live auction will be available for viewing and bidding through our mobile bidding app for those who are unable to attend. Don't miss the chance to bid on this land that has not been available to the general public for well over 40 years. The farm is located just east of Nashua in Section 24 of Bradford Township, Chickasaw County, Iowa.
PROPERTY TAXES
| Parcel Number | 19-13-12-3-25-001 | Total Assessment | £58,121 (2024) |
| Land Assessment | £57,181 (2024) | Annual Taxes | £3,909 |
| Improvements Assessment | £940 (2024) | Tax Year | 2025 |
PROPERTY TAXES
zoning
| Zoning Code | AG (Currently zoned Agriculture.) |
| AG (Currently zoned Agriculture.) |
Presented by
Exeter Ave - Evelyn E. Reusch Revocable Trust Land Auction
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