1325 Canoe Ridge Road, Decorah

Property Description

Here's an OPPORTUNITY to own land minutes away from Upper Iowa River Forest next to the Lower Dam off River Road. This is an acreage with two Parcels with option to buy one or both parcels. Accepting offers through Noon on March 10, 2023. No seller acceptance until March 10, 2023 Each parcel will be surveyed with boundary, at Seller's expense, to meet at Canoe Ridge Rd. After completion of survey, the North Parcel estimated 17.8 acres m/l and the South Parcel, estimated 29.9 acres m/l. The North parcel (17 Acres m/l tillable) with Average Unadjusted CSR2 of 53.04. The tillable ground on South parcel (8 Acres m/l tillable) has an Average Unadjusted CSR2 of 22.06. The tillable ground (rounded to 25 acres total) is currently rented until March 1, 2024. Seller will receive all funds for lease on tillable ground throughout the current contract. The Operator/Farmer, whom has leased this land for years, has interest to continue renting in the future. Tillable ground is rented for $225/acre this year. Terraces (and drainage) were built in approximately 1982. The South parcel includes a vacant farmhouse that appears to have a log cabin that encompasses the kitchen. The vacant farmhouse is in rough shape (NOT LIVABLE) but has salvage value. There is a well shed, a large one stall detached garage (1945) and a barn (28'x32') that is structurally in very good condition that was built approx. 1955. The South parcel has an old well in working condition and a septic system that was installed new in 2017. Any personal property currently on South Parcel in or around, house, garage, well shed and barn are NOT included and will eventually be sold on auction. LP tank not included and lightening rods on top of vacant farmhouse not included. There is approximately 8 acres m/l tillable ground on South parcel with an additional 16 acres m/l in timber. Very heavy whitetail deer traffic through the timber that spreads across the whole acreage! Timber ground has mixed hardwoods and softwoods. FULL DISCLOSURE, back in the timber there are about 5 really old 'junked' cars and some old tires that have been there for many years, (nothing of value). This property is located right off Canoe Ridge Rd (HARD SURFACE ROAD) and is in close proximately of the Upper Iowa Lower dam only a few minutes from state forest reserve. Both parcels have unlimited potential for a buyer interested in building new with the desire of country lifestyle and wildlife. Subject to Survey North Parcel 17.8 acres m/l is $179,000 South Parcel 29.9 acres m/l is $385,000 Total: $564,000 for 47 Acres m/l Accepting offers through Noon on March 10, 2023. No seller acceptance until March 10, 2023