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Listing #18232

1881 135th Street & 1275 N East Street, Corydon, IA 50060

Overview

  • 30Total acres M/L
  • 30Lot size
  • $2,200Net taxes
Peoples Company is pleased to represent Rick Williams and Cindy Miller with the auction of their family farm located in the northeast corner of Corydon, Iowa. The Seller’s late parents, Jerry and Virginia Williams, operated this farm as a top-notch horse breeding and training facility for many years in the Corydon area.

This property consists of 30 acres m/l with 2 homes, a horse barn/breeding facility, multiple outbuildings, sheds, pasture/hay ground, and a round pen.  

The newer manufactured home located at 1881 135th Street features over 2000 square feet of living space with 3 bedrooms and 2 bathrooms. Between the open floor plan inside the house coupled with the large deck outside, there is ample room to host family gatherings and enjoy the beautiful views of the country living all within one-half mile from the town of Corydon. Outside and next to this home are two small garages that could serve a variety of purposes for a new owner.

The original farmhouse located at 1275 N East Street consists of 3 bedrooms and 1.5 bathrooms. This home is in need of updates and repairs to be in livable condition again.  This house is selling in as-is condition, and the new Buyer of this property will be responsible for all repairs needed, including installing a new septic system if a Buyer chooses to make this home livable again.

The main horse barn and training facility is located in the center of the farm. It is a 50’ x 106’ Morton Building with attached 54’ x 20’ and 30’ x 76’ additions. The main horse barn was primarily used as an indoor riding and training arena with approximately one foot of sand inside it. The 54’ x 20’ addition is finished with a concrete floor, an indoor water hydrant, and electric service. This area of the barn was primarily used as an office area, tack room, and AI collection area. The 30’ x 76’ open-faced addition on the south side of the main barn is set up with six covered stalls. Five of those stalls are approximately 12’ x 24’, with the remaining stall being approximately 24’ x 24’ in size.

Located to the north of the main horse barn is an approximately 150’ diameter round pen with an estimated one foot of sand inside it. Other buildings located across this farm include a 26’ x 56’ stall barn, 27’ x 35’ hay shed, 24’ x 32’ stall barn, 16’ x 26’ garage, and other smaller sheds. The buildings and pasture areas have a total of 7 water hydrants around them that are connected to rural water. All the buildings, except for one, have electrical service installed. Interior fencing divides the pastureland into 7 rotational grazing areas.

There is also a Cell Phone Tower lease on this property that is currently paying $7,152.92 per year. Beginning on August 13, 2025, it will increase to $8,226.96 per year. Contact the listing agents for more information.

The Williams Family has enjoyed some good deer hunting on this farm over the years and has taken some large bucks along the west side and north side of the farm. A tower blind and two deer stands will be included with the sale of this farm.

This is a rare opportunity to assemble a self-sufficient livestock or horse facility with pasture and hay ground along with 2 homes on it located just outside the north edge of the city limits of Corydon, Iowa.

This property will be offered via a live Public Auction that will take place at 10:00 AM on Thursday, May 15, 2025, at the Walden Park Clubhouse (Corydon Golf Course) located at 501 South East Street in Corydon, Iowa. The land will be sold as 1 individual tract on a “whole dollar amount” basis. This auction can also be viewed through the Peoples Company mobile bidding app with online bidding available to registered bidders.

Land

Zoning
Ag
Gross Taxes
2200
Net Taxes
2200
Parcel(s)
070G18400008, 070G18400008C
School district
Wayne Community Schools

Building

Location

Address:
1881 135th Street & 1275 N East Street, Corydon, IA 50060
Directions:
From the intersection of S Lafayette St & Highway 2 in Corydon; go east on Highway 2 towards N East St for 4 blocks. Turn left onto N East St and travel approximately .4  miles to the south entrance of the property. Look for Peoples Company signs. 

Terms

Possession
Closing
Zoning
Ag
Legal description
All that part of the West 107.33 acres of the Southeast Quarter (SE1/4) of Section 18, Township 69 North, Range 21, lying South of the right of way of the C.B.&Q. R.R. Co. right of way as now located, except the right of way of the C.R.I. & P. Ry. Co. and also except all that part of the Southeast Quarter (SE 1/4) of Section 18, Township 69 North, Range 21 lying West of the right of way of the C.R.I. & P. Ry. Co. and South of the C.B.&Q. R.R. Co., all West of the 5th P.M. in Wayne County, Iowa. Exact legal description to be taken from Abstract.

Cash

Remaining terms and conditions are supplied per listing by the CMS.

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