St. Marys, IA 50229(Warren County)

Simulcast AuctionThe live auction will be held on March 18, 2025, at 10:00 AM, at the Immaculate Conception Parrish Hall, 101 St James Street, St. Marys, Iowa 50241. Online bidding will begin on March 17, 2025, at 8:00 AM and close at the end of the live event.We are offering 143.14 acres located on a paved county road, just 3.9 miles from the St. Charles/St. Marys exit off Interstate 35. The property features an older 1.5-story home in below-average condition, a 60 x 50 enclosed cattle shed in average condition, and a 45 x 50 machine shed with a concrete floor in good condition.The buyer will receive an $8,417 credit at closing for the 2025 crop ground rental. Additionally, 49.54 acres are enrolled in the Conservation Reserve Program (CRP) through September 30, 2027, at a rate of $238.45 per acre, which amounts to an annual income of $11,813. The CRP payment will be prorated to the date of closing.The buyer will also assume a lease for 35 acres of hay ground that will be put up on shares for the 2025 crop year. It will be the buyer's responsibility to assume all existing leases and to terminate any leases for 2026 if they choose to do so.This is a great opportunity to purchase a well-maintained combination farm with good income potential in a desirable area, located just 23 miles from the I-35/I-80 interchange in West Des Moines.Property DirectionsFrom St. Marys, Iowa take County Road R45 north 1/2 mile to the SW corner of the farm. The farm lies to the east of R45.