1422 S56 Highway Promise City, IA $ 395,000
1422 S56 Highway
$ 395,000
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1422 S56 Highway

Promise City, IA, 52583
$ 395,000
Baths0.0

Monthly Estimate*

$ 2,464

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Studio

Lots and Land for sale in Promise City, IA

for $395,000.

Presenting this beautifully updated acreage featuring 20 m/l acres along paved County Highway S56, just north of Promise City, Iowa. This versatile property offers a move-in-ready ranch-style home, an oversized garage, and a spacious outbuilding—combining comfort, functionality, and scenic rural living. The home includes 2,061 square feet of finished space with 3 bedrooms and 2 bathrooms. Thoughtful updates throughout include a newer hickory kitchen, bright sunroom, remodeled bathrooms, updated flooring, newer siding, windows, doors, and shingles. Additional features include main-floor laundry, a cozy wood-burning fireplace, and efficient geothermal heating. The unfinished basement is partially framed and ready for future expansion. Outdoor amenities enhance the property’s appeal, with a large back deck, a unique grain-bin patio, and a children’s playset. A detached 2-car garage and a 30' x 54' steel building with a heated workshop and water provide excellent storage and workspace. The 20 acres are primarily wooded, providing privacy and outstanding opportunities for hunting, recreation, and enjoying nature. The property is also conveniently located near Rathbun Lake—an 11,000+ acre reservoir surrounded by thousands of acres of public hunting land—making this an ideal setting for outdoor enthusiasts. Don’t miss this rare chance to own a beautifully improved, scenic acreage in the heart of southern Iowa.

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Lots and Land Active

Price

$ 395,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 2,898

Style

Lots & Land

Town/City

Promise City

County/Region

Wayne

MLS | Web ID

6334489

Features
General
Architectural Style Lots & Land
Property Subtype Unimproved Land
Tax Year 2025
County Wayne
Property Type Land
Contingency None
Status Active
Directions From Promise City: Head north out of town on County Highway S56 and travel for 6.4 miles. The property will be located on your right.
Association Name RLIT
Lot Size Units Acres
Tax Annual Amount 2898
Living Area Units Square Feet
Standard Status Active
Legal Description W 1/2 NW 1/4 NW 1/4 Section 26 Township 70 North Range 20 West of the 5th PM. Exact legal description to be taken from Abstract.
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Exterior
Lot Dimensions ***
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* Excluded Features
List By
Daran Becker

Listing Agent

Peoples Company

Broker

daran@peoplescompany.com

Email

Affordability Calculator

$2,706
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,464
Monthly Property Taxes
$242
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
12/26/2025$395,000 Listed Price

Map


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1422 S56 Highway, Promise City, IA, 52583 is a Lots and Land for sale at $395,000. 1422 S56 Highway is a studio with 0.0 baths. The property's zip code is 52583 which is in Promise City, IA