191+/- Acre Keokuk County, IA in 2 Tracts

191+/- Acre Keokuk County, IA in 2 Tracts

March 25^th at 1:00pm CT

Lagos Country Club, 2010 Keokuk Washington Road - Keota, IA  52248

Live auction with online bidding

To see more pictures click the BID NOW link

Entire Farm Description:

Ranch & Farm Auctions, a division of Whitetail Properties Real Estate, is pleased to offer for sale a 191± acre farm located in the heart of a strong agricultural community in northeast Keokuk County, Iowa. The property is situated 1.5 miles west of Kinross in Sections 21 and 22 of Liberty Township.

The farm consists of 170.5 FSA cropland acres carrying an average CSR2 of 55.9. Primary soil types include Olmitz-Zook-Vesser, Gara-Armstrong, and Otley silty clay loam. Access is excellent, with frontage along paved Highway 22 to the north and 312th Avenue to the east. Tenancy has been terminated as of March 1, 2026, and the farm will be sold free and clear for the 2026 crop year, with possession given at closing.

The property will be offered at public auction at 1:00 PM on Wednesday, March 25, at Lagos Acres Country Club in Keota, Iowa, with online bidding also available through RanchAndFarmAuctions.com. The farm will be sold in two tracts using the Buyer’s Choice auction method. The high bidder will have the option to select either or both tracts, with bidding continuing until both tracts are sold. The property will not be offered as a single combined tract at the conclusion of the auction.

Tract 1 consists of 158.09 taxable acres, including 140.11 FSA cropland acres with a CSR2 average of 56.8.
Tract 2 consists of 32.88 taxable acres, including 30.3 FSA cropland acres with a CSR2 average of 51.2.

This is a well-kept farm in a productive and desirable agricultural region of eastern Iowa. Producers and farmland investors are encouraged to attend the auction on March 25 at Lagos Country Club, Keota, Iowa,  or participate online at www.ranchandfarmauctions.com, for an opportunity to invest in this quality Iowa farmland.

Tract 1 - 158.09± acres:

The 158.09± acres Tract 1 has approximately 140 crop land acres with an average CSR2 of 56.8. Olmitz-Zook-Vesser, Gara-Armstrong and Otley silty clay loam are the predominant soils. Access is from Highway 22. This farm has medium slope terrain with natural drainage into waterways. A creek spans east and west through the tract, and there is a small pond on the southern end. This will make an attractive addition to any local producer’s operation. It would also be an attractive investment for the vacant landowner with a cash rent agreement, which should attract strong competition to farm due to its location and paved road frontage. The farm is selling free-and-clear for the 2026 crop year, but if a buyer wanted to cash rent it this year, there would be a number of producers interested in leasing the farm. Possession will be given at closing.

Tract #: Tract 1

Deeded Acres: 158.09± acres

Soil Types: Olmitz-Zook-Vesser, Gara-Armstrong and Otley silty clay loam

Soil PI/NCCPI/CSR2: 56.8 CSR2

CRP Acres/Payment: NO CRP

Taxes: $3,884 

Lease Status: Open Tenancy for 2026 crop year

Possession: Immediate possession at closing

Survey Needed?: No survey needed

Brief Legal: 158.09± acres pt of SE ¼ S21 T77N R10W Keokuk Co IA

PIDs: LBTFE-046000, LBTFE-046200, LBTFE-046100, LBTFE-046300

Lat/Lon: 41.45915, -92.0066

Zip Code: 52248

Tract 2 - 32.88± acres:

The 32.88± acres Tract 2 has approximately 30.3 crop land acres with an average CSR2 of 51.2. Shelby-Adair complex and Otley silty clay loam are the predominant soils. Access is from Highway 22 and also 312 Ave. This farm has medium slope terrain with natural drainage into waterways. This will make a nice compact addition to any local producer’s operation. It would also be an attractive investment for the vacant landowner with a cash rent agreement, which should attract strong competition to farm due to its location and paved road frontage. The farm is selling free-and-clear for the 2026 crop year, but if a buyer wanted to cash rent it this year, there would be a number of producers interested in leasing the farm. Possession will be given at closing.

Tract #: Tract 2

Deeded Acres: 32.88± acres

Soil Types: Shelby-Adair complex and Otley silty clay loam

Soil PI/NCCPI/CSR2: 51.2 CSR2

CRP Acres/Payment: No CRP

Taxes: $754.00

Lease Status: Open Tenancy for 2026 crop year

Possession: Immediate possession at closing

Survey Needed?: No survey needed

Brief Legal: 32.88± acres pt of NW ¼ NW ¼ S22 T77N R10W Keokuk Co IA

PIDs: LBTFE-045900

Lat/Lon: 41.45845, -92.00185

Zip Code: 52248

Representing Attorney:

Kandie Gelner (Kennedy Law Firm)

920 Dubuque St, Iowa City, IA 52240

319-351-8181

kgelner@kennedylawyers.com

Terms of Sale

• Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
• Onsite bidders should bring a government-issued ID
• 10% down payment immediately after auction - cash, personal, or business checks accepted
• If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
• High bidder has 30 days to close unless otherwise noted
• Announcements on auction day will take precedence over any prior announcements
• This is a no contingency sale and is not subject to financing or additional inspections
• Possession at closing, subject to tenant’s rights, if any
• If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
• All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

Sale Day Notes Info:

• BUYERS PREMIUM: None
• TAXES: Prorated to date of close
• TENANCY: Open tenancy for 2026
• RENTS: Buyer to receive 2026 rents/Open tenancy for 2026
• MINERALS: Seller-owned rights will convey
• CLOSING COSTS: Seller is responsible for the abstract, deed package preparation, revenue stamp tax, real estate commission, and half of the closing fee. The buyer is responsible for the title opinion, the transfer document recording, and half of the closing fee.

Licensing

Ranch & Farm Auctions is a licensed trade name of Whitetail Properties Real Estate LLC

Richard F Baugh, Iowa Broker License # B57515100

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332                                                                                                           

Ben Harshyne, Iowa Land Specialist for Whitetail Properties Real Estate, LLC, 319.853.1162

Cody Lowderman, IA Auctioneer, B64012000

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