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Listing #19245
October 22, 2026
Story County, IA
Overview
- 75.29Total acres M/L
- 72.21Tillable acres M/L
- $2,534Net taxes
Story County, Iowa Online Only Farmland Auction! - BIDDING IS CURRENTLY LIVE and set to conclude on Thursday, October 22nd, 2026, at 1:00 PM CST!
Peoples Company is pleased to be representing the sale of the 75.29 acres m/l directly on US Highway 65 just south of Colo, Iowa in Section 29 of New Albany Township. The farm consists of 72.21 FSA cropland acres classified as NHEL (Non-Highly Erodible Land) with highly productive primary soil types of Webster clay loam, Clarion loam, and Nicollet loam, carrying an impressive CSR2 rating of 85.4.
The farm falls within Drainage District 75 of New Albany Township. County tile lines ranging in size from 16"-12" are found on the farm, with water entering the farm from the northeast and exiting to the southwest corner, where water empties into the 26" county main tile line on the farm immediately west. From there, water continues to drain to the northwest, eventually into an open ditch which empties into Hickory Grove Lake in Section 19 of New Albany Township.
The farm sits directly on paved US Highway 65, allowing for efficient transportation of equipment with excellent grain marketing opportunities close at Heartland Co-op in Colo, Lincolnway Energy and Verbio Biorefinery Plants in Nevada, and Landus Co-op in Collins, all located in close proximity to the farm. This farm offers strong yield history and has been very well maintained by the long time tenant. Introductions to the tenant can be made if a future relationship is desired. This property would make a great add-on unit to an existing farm operation or an investment-grade quality land purchase. The farm lease has been terminated, and the farming rights will be open for the 2027 crop season.
The single tract will be offered on a price-per-acre basis via an Online Only Auction with bidding ending on Thursday, October 22nd, 2026, at 1:00 PM CST.
Peoples Company is pleased to be representing the sale of the 75.29 acres m/l directly on US Highway 65 just south of Colo, Iowa in Section 29 of New Albany Township. The farm consists of 72.21 FSA cropland acres classified as NHEL (Non-Highly Erodible Land) with highly productive primary soil types of Webster clay loam, Clarion loam, and Nicollet loam, carrying an impressive CSR2 rating of 85.4.
The farm falls within Drainage District 75 of New Albany Township. County tile lines ranging in size from 16"-12" are found on the farm, with water entering the farm from the northeast and exiting to the southwest corner, where water empties into the 26" county main tile line on the farm immediately west. From there, water continues to drain to the northwest, eventually into an open ditch which empties into Hickory Grove Lake in Section 19 of New Albany Township.
The farm sits directly on paved US Highway 65, allowing for efficient transportation of equipment with excellent grain marketing opportunities close at Heartland Co-op in Colo, Lincolnway Energy and Verbio Biorefinery Plants in Nevada, and Landus Co-op in Collins, all located in close proximity to the farm. This farm offers strong yield history and has been very well maintained by the long time tenant. Introductions to the tenant can be made if a future relationship is desired. This property would make a great add-on unit to an existing farm operation or an investment-grade quality land purchase. The farm lease has been terminated, and the farming rights will be open for the 2027 crop season.
The single tract will be offered on a price-per-acre basis via an Online Only Auction with bidding ending on Thursday, October 22nd, 2026, at 1:00 PM CST.
Land
- Zoning
- Ag
- Net Taxes
- 2534
- Parcel(s)
- 12-29-400-400, 12-29-400-210
- School district
- Colo-Nesco Community Schools
Location
- Address:
- US Highway 65, Colo, IA 50056 Get Directions
- Directions:
- From Colo, Iowa: Travel south on US Highway 65 for approximately 3.5 miles. The farm will be located on the west side of US Highway 65 at the intersection of US Highway 65 & 270th Street. Look for the Peoples Company signage.
Terms
- Possession
- At closing, Subject to Tenant's rights
- Zoning
- Ag
- Legal description
- Parcel “A” in the Northeast Quarter (NE ¼) of the Southeast Quarter (SE ¼) of Section Twenty-nine (29), Township Eighty-three (83) North, Range Twenty-one (21) West of the 5th P.M., Story County, Iowa, as shown on “Plat of Survey” filed in the office of the Recorder of Story County, Iowa, on the 5th day of March 2022, recorded on Slide 124 at page 3, as Instrument No. 02-03595. Exact legal description to be taken from Abstract.
Online Only Auction
Remaining terms and conditions are supplied per listing by the CMS.
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