190th St, Spirit Lake, IA 51360

$2,500,000

163.05+/- Acre Premier Development & Income Tract. Rare 5-parcel opportunity featuring extensive shoreline along Prairie Lake. Strategically positioned for high-end residential development or a high-performance 1031 Exchange. Includes 143.7 highly productive crop acres with an official 75.2 Weighted Average CSR2 and peak ratings of 89 on primary Clarion and Nicollet soils. Documented tile drainage (2001/2012) supports an impressive estimated 196.3 Bu/ac corn yield. Cash farm lease generates $40,236.00 in annual rent for the 2026 season. Immediate 2027 possession is available for the new buyer as the statutory lease termination notice has already been served. Anchored by Lot 6 in Sec 23, Center Grove Twp. This truly is a RARE opportunity to acquire a shoreline tract of this scale in the Iowa Great Lakes region.

Legal: SECTION:23 TOWNSHIP:99 RANGE:36 CENTER GROVE TOWNSHIPLOT 5 EXC TRTS SECTION:23 TOWNSHIP:99 RANGE:36 CENTER GROVE TOWNSHIPSW SW SECTION:23 TOWNSHIP:99 RANGE:36 CENTER GROVE TOWNSHIPLOT 6 SECTION:23 TOWNSHIP:99 RANGE:36 CENTER GROVE TOWNSHIPW 447' OF S.1320