240th StreetIndependence, IA 50644

Farm/Ranch · 57.00 Acres
$792,300 Active

240th Street Overview

Time on Site:
94 days
Visits:
8

Presenting 57 acres m/l of premium Buchanan County farmland for sale, offering an excellent investment opportunity with a secure sale-leaseback structure and a reliable long-term tenant already in place. This highly productive tract includes 55.36 tillable acres with an average CSR2 rating of 83.9. The main soil types, Readlyn, Tripoli, and Kenyon loams, are some of the best soils found in Northeast Iowa. The farm has a strong history of high yields and consistent fertility, enhanced by annual manure applications. Full details of the crop lease are available upon request. For buyers seeking additional scale, 103 acres m/l located just 1/2 mile south can also be purchased. This property offers excellent access and visibility, positioned near Iowa Highway 20 with entry from 240th Street. Located just southwest of Independence, Iowa, the farm sits in Section 11 of Westburg Township, a desirable agricultural area known for its productive land base. This is a rare chance to acquire high-quality Iowa farmland with strong soils, proven productivity, and a stable tenant, and is ideal for investors of all types and 1031 exchange buyers.

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240th Street Facts & Features

  • Type Farm/Ranch
  • Lot 57.00 Acres

Details

General

Listing Information

  • Contingency: None

Location/Region

  • County Or Parish: Buchanan
  • Postal City: Independence

Tax Information

  • Tax Annual Amount: 2200
  • Tax Year: 2026

General Information

  • Parcel Number: 0911400004
  • Property Sub Type: Farm
  • Property Type: Farm
  • Zoning: Agriculture

Interior

General Information

  • Fireplace: No
  • Living Area: 0
  • Living Area Units: Square Feet

Exterior

Lot Information

  • Lot Size Acres: 57
  • Lot Size Square Feet: 2482920
  • Lot Size Units: Acres

Building Exterior/Construction

  • Architectural Style: Other

240th Street Neighborhood

Community

50644 (Independence) Demographics

42
Median Age
62
Population Density (per sq. mile)
37%
College Educated
$65,060
Estimated Median Income
2,778
Estimated Total Home Owners
802
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

240th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

240th Street Market Data

Based on the last 30 days in this zip code

$241,221
Average List Price
$862
Average Price per Square Foot
11
Properties Sold
99
Average Days on Market
37
Properties for Sale
Calculations provided by Reliance Network

240th Street History

Date Event Value Agent
3/27/2026Source: NoCoast MLS Added to Database
March 27, 2026
Listing provided courtesy of Peoples CompanyNoCoast MLS- MLS# 6336730MLS Provider