15355 118th Avenue Ottumwa, IA $ 2,924,000
15355 118th Avenue
$ 2,924,000
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15355 118th Avenue

Ottumwa, IA, 52501
$ 2,924,000
Bedrooms3 Baths1.1

Monthly Estimate*

$ 18,462

15355 118th Avenue, Ottumwa, IA 52501 - Image 1
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Farms/Ranches for sale in Ottumwa, IA

for $2,924,000 with 3 bedrooms and 1 full bath, 1 half bath. This property was built in 1956 on a lot size of 272.

This exceptional 272 acre Wapello County farm offers an outstanding combination of productive cropland, dependable CRP income, and a well-maintained rural acreage. The farm includes approximately 251.05 FSA cropland acres, with 97.53 acres in row crop production, 96.90 acres enrolled in CRP, and 56.62 acres seeded to native grasses and forbs through the Conservation Stewardship Program (CSP). The CSP acres may be terminated and returned to production for the 2027 crop season. The average CSR2 across the cropland acres is 64.4, while the average CSR2 across the current production acres is 83. Whether you're looking to expand your farming operation, add to your investment portfolio, or purchase a country acreage, this property is an excellent opportunity. The Sellers may consider dividing the farm into multiple tracts, and Buyers are encouraged to structure and submit offers accordingly. The one story ranch style dwelling has 3 bedrooms and 1 bathroom. Dwelling roof and windows were replaced in 2026. Dwelling siding will be replace prior to closing. There is a partial unfinished basement. The updated water heater and furnace are located in the basement. A deck has recently been added on the north side of the dwelling. A portion of the machine shed has concrete floor and electricity, one sliding door on west side and two sliding doors on south side.

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Farms/Ranches Active

Price

$ 2,924,000

Bedrooms

3

Full Bath

1

Half Bath

1

Property Type

Farms/Ranches

Taxes

$ 10,022

Style

Single Family

Lot Size

272

Year Built

1956

Town/City

Ottumwa

County/Region

Wapello

MLS | Web ID

6341556

Features
General
Heating Forced Air
Cooling Central Air
Zoning Agriculture
Architectural Style Single Family
Construction Materials Metal Siding
Year Built 1956
Tax Year 2024
Accessibility None
County Wapello
Property Type Farm
Contingency None
Full Baths 1
Status Active
Directions From the Highway 163 and Highway 149 intersection North of Ottumwa go 1/2 mile North to Highland Center Road then East 1.25 miles to 118th Avenue then North 3/4 mile. Tract 1 is located South and Wes
Lot Size Units Acres
Lot Size Square Feet 11848320
Tax Annual Amount 10022
Living Area Units Square Feet
Standard Status Active
Legal Description SW1/4 & SE1/4 of the NW1/4 (exc N20') in Sec 20 N1/4 NW1/4 of Sec 29 all in T73N R13W Wapello County IA. Exact legal to come from abstract.
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Interior
Basement Partial
Total Fireplaces 0
Common Walls 0
Fireplace Y/N N
Half Baths 1
Total Bedrooms 3
Total Baths 2
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Exterior
Lot Size Acres 272
Foundation Area 1474
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* Excluded Features
List By
Amy McDermott

Listing Agent

Growthland Realty

Broker

amy@growthland.com

Email

Affordability Calculator

$19,298
Per Month
96%
4%
0%
Monthly Principal & Interest
$18,462
Monthly Property Taxes
$835
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/13/2026$2,924,000 Listed Price

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15355 118th Avenue, Ottumwa, IA, 52501 is a Farms/Ranches for sale at $2,924,000 with a lot size of 272. 15355 118th Avenue has 3 bedrooms, 1.1 baths, and was built in 1956. The property's zip code is 52501 which is in Ottumwa, IA