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240th Street, Independence, IA 50644.
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.
MLS ID: 6336730
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240th Street, Independence, IA 50644.

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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $792,300 | $792,300 | $792,300 |
| Down Payment | $158,460 | $27,731 | $198,075 |
| Monthly Mortgage Amount | $3,851 | $4,664 | $4,895 |
| Taxes | $1103 | $1103 | $1103 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $348 | $0 |
| Monthly Estimated Total | $5,185 | $6,346 | $6,229 |
With a beautiful historic downtown and a lot of promise in the future, there are plenty of reason to move to Independence, IA. No matter your reason for moving, Ruhl&Ruhl has real estate options and houses for sale in Independence, IA. Continue browsing this page to see all houses for sale in Independence, IA. If you need to do a little more research before buying, check out the pages below for additional options.
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