Monroe County, IA Land Auction - 308.41 Acres M/L (#19297)

Live auction by Peoples Company

Starts Jun 11, 2026 10:00 AM CDT

Monroe County, Iowa Farmland Auction – Mark your calendars for Thursday, June 11th, 2026, at 10:00 AM CST! Peoples Company is pleased to represent the Merna J Rusk Estate in the sale of 308.41 surveyed acres in Monroe County, Iowa. This property will be offered in two tracts, providing a unique opportunity to acquire a premier recreational hunting farm alongside a large, contiguous, highly productive tillable farm - all in one auction setting.    Tract 1: 114.91 surveyed acres m/l with an estimated 49.36 FSA cropland acres m/l carrying an average CSR2 soil rating of 44.0 Tract 2: 193.50 surveyed acres m/l with an estimated 182.08 FSA cropland acres m/l carrying an average CSR2 soil rating of 56.1   As a whole, the farm consists of 231.44 FSA cropland acres with 213.30 acres currently in row crop production. Tract 1 offers an exceptional recreational opportunity, located in Iowa’s renowned Zone 5, widely recognized as one of the premier whitetail hunting regions in the country. With a strong mix of habitat, thick cover, food plot opportunities, and natural travel corridors, this tract presents outstanding potential for both seasoned hunters and outdoor enthusiasts. Tract 2 provides a rare chance to acquire a large, contiguous block of high-quality tillable farmland in an area where such opportunities are increasingly limited. Whether expanding an existing operation or securing a long-term investment, this tract offers both productivity and scale. Together, these tracts deliver outstanding versatility - appealing to investors, operators, and recreational buyers alike - allowing for strategic acquisition of one or both assets.    Farm Lease:  The farms are leased for the 2026 farming season, and an early lease termination has been agreed upon with the current farm lease terminating on Thursday, December 31st, 2026, or upon removal of all crops from the property, whichever occurs first. The second half rental payment for all of the farms is due to the new Buyer(s) on or before September 1st, 2026. Please reach out to the Listing Agents for more details.   The two tracts will be offered on a price-per-acre basis using the “Buyer’s Choice” Auction Method, where the high bidder can take, in any order, any or all tracts for their high bid. The Public Auction will be held on Thursday, June 11th, 2026, at 10:00 AM CST at the Melrose Community Center, 101 Kells Ave, Melrose, IA 52569. The sale can also be viewed through a Virtual Online Auction option with online bidding available.  Legal Description Tracts 1 & 2 Combined Legal: The South fractional Half of the Northwest Quarter of Section 19, Township 71 North, Range 19 West of the 5th P.M. The North Half of the Northwest Quarter and the Northwest Quarter of the Northeast Quarter of Section Nineteen and the South Half of the Southwest Quarter and the Southwest Quarter of the Southeast Quarter of Section Eighteen, and beginning 40 rods West from the center of the Southeast Quarter of Section 18, Township 71, Range 19, running thence East 1 rod, thence North 14 rods more or less to a certain spring, thence West 2 rods, thence Southeasterly 14 rods to place of beginning, being a part of the Northwest Quarter of the Southeast Quarter of said Section 18, all in Township Seventy-one North, Range Nineteen West of the 5th P.M., Monroe County, Iowa. Exact legal description to be taken from Abstract. Directions From Chariton, Iowa: Travel east on US Highway 34 for 10 miles until reaching 500th Avenue/County Line Road. Turn right (south) onto 500th Avenue/County Line Road and travel south for 1.5 miles until reaching Bluegrass Road. Turn right (west) onto Bluegrass Road and travel west/southwest for 1.25 miles until reaching 332nd Avenue. Turn left (south) onto 332nd Avenue and travel south for 1 mile until reaching 440th Street. Turn left (east) onto 440th Street and travel east for 0.75 miles until reaching County Road S63. Turn right (south) onto County Road S63 and travel south for 1 mile. The farm will be located on the east side of County Road S63. Look for the Peoples Company signage. From Albia, Iowa: Travel west on US Highway 34 for 15.3 miles until reaching 500th Avenue/County Line Road. Turn left (south) onto 500th Avenue/County Line Road and travel south for 1.5 miles until reaching Bluegrass Road. Turn right (west) onto Bluegrass Road and travel west/southwest for 1.25 miles until reaching 332nd Avenue. Turn left (south) onto 332nd Avenue and travel south for 1 mile until reaching 440th Street. Turn left (east) onto 440th Street and travel east for 0.75 miles until reaching County Road S63. Turn right (south) onto County Road S63 and travel south for 1 mile. The farm will be located on the east side of County Road S63. Look for the Peoples Company signage. Sign On Property: Yes MLS Number: 740194 Parcel Number: 180618011000000, 180618012000000, 180618013000000, 180619007000000, 180619006000000, 180619005000000, 180619008000000, 180619009000000, 180618014000000 School District: Albia Community Schools General Area: Southwest of Melrose, Iowa Net Taxes: $5,000.00 Zoning: Ag

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