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

Lots and Land 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 and HEL and features dependable Grundy silty clay loam soils with an average CSR2 rating of 55.7. Fingered, timber lined draws through the farm's south half add recreational appeal. Access is from the west off of County Road S63 and from the south from 255th Street. Located southwest of Melrose, Iowa, in Sections 18 & 19 of Jackson Township in Monroe County, Iowa. Tract 2 Farm Lease: The farm is leased for the 2026 farming season, and an early lease termination has been agreed upon with the current farm lease terminating on Thursday, December 31st, 2026, or upon removal of all crops from the property, whichever occurs first. Tract 2 has 180 total acres leased. The yearly total cash rent for Tract 2 is $47,700, and the Sellers will retain the first half rental payment of $23,850. Contact agents for info

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Lots and Land Active

Price

$ 1

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 3,150

Style

Lot Size

191.31

Town/City

Melrose

County/Region

Monroe

MLS | Web ID

741364

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
4827338 Elementary School
4827337 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 Lots and Land 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