02 255th Street Melrose, IA $ 1
02 255th Street
$ 1
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02 255th Street

Melrose, IA, 52569
$ 1
Baths0.0

Monthly Estimate*

$ 0

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Studio

Farms/Ranches for sale in Melrose, IA

for $1. The lot size is 191.31.

Monroe County, Iowa Farmland Auction – Mark your calendars for Thursday, June 11th, 2026, at 10:00 AM CST! Pleased to represent the Merna J Rusk Estate in the sale of 303.74 acres m/l 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 2 presents as 191.31 acres m/l of productive Monroe County farmland in an area where large, contiguous tracts of tillable ground are a rarity. This gently rolling farm offers 181.80 estimated FSA cropland acres classified as a combination of NHEL (Non-Highly Erodible Land) and HEL (Highly Erodible Land) and features dependable Grundy silty clay loam soils with an average CSR2 rating of 55.7 for consistent row crop yields and cash rent potential. Fingered, timber lined draws through the farm's south half add recreational appeal. Access is from the west off of County Road S63 / 500th Avenue and from the south from 255th Street. Located southwest of Melrose, Iowa, in Sections 18 & 19 of Jackson Township in Monroe County, Iowa. The farm is leased for the 2026 growing season and Buyer will receive the send half of the cash rent payment as a credit at Closing. Contact the listing agent for more information.

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Farms/Ranches Active

Price

$ 1

Bedrooms

Studio

Property Type

Farms/Ranches

Taxes

$ 3,150

Style

Lot Size

191.31

Town/City

Melrose

County/Region

Monroe

MLS | Web ID

6338559

Features
General
Zoning Agriculture
Architectural Style Other
Property Subtype Farm
Tax Year 2025
County Monroe
Property Type Farm
Contingency None
Status Active
Directions From Albia Iowa: Head west on US Hwy 34 for 15.3 miles until reaching 500th Ave. Turn left and go for 1.5 miles to Bluegrass Rd. Turn right and go for 1.25 miles to 332nd Ave. Turn left and go for 1
Lot Size Units Acres
Lot Size Square Feet 8333463.6
Tax Annual Amount 3150
Living Area Units Square Feet
Standard Status Active
Legal Description Exact legal to be taken from Abstract.
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Interior
Fireplace Y/N N
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Exterior
Lot Size Acres 191.31
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* Excluded Features
List By
Matt Adams

Listing Agent

Peoples Company

Broker

Matt@PeoplesCompany.com

Email

Affordability Calculator

$263
Per Month
0%
100%
0%
Monthly Principal & Interest
$0
Monthly Property Taxes
$263
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$1 Listed Price

Map


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02 255th Street, Melrose, IA, 52569 is a Farms/Ranches for sale at $1 with a lot size of 191.31. 02 255th Street is a studio with 0.0 baths. The property's zip code is 52569 which is in Melrose, IA