32 Acres with CRP Income and Build Sites | Wayne County, Iowa
Located on the eastern edge of Wayne County, Iowa, just 1 mile east of Promise City and 4 miles north of Highway 2, this 32 acre Rolling Grass Farm offers income, build site potential, and a clean rural setting. With strong road frontage, utilities at the road, and open grass acres, this property gives buyers a practical starting point for a future homestead, small farm, or long-term land investment.
The farm is enrolled in CP38E-2 CRP until September of 2031, producing $5,900 in annual income. Based on the provided 32 acres, this reflects approximately $184.38 per acre, with all CRP management completed by the current owner. Buyers should verify final surveyed acres, CRP acres, payment details, and program terms.
The property offers roughly 870 feet of rock road frontage with an entrance already in place on the west side. The gentle contour creates several possible home sites, while the existing small pond and southwest drainages add future water and pond potential. Power and rural water are available at the road, helping bring the homestead vision closer to reality.
This blank canvas sits 9 miles east of Corydon, 15 miles west of Centerville, 20 miles from the Walmart Supercenter in Centerville, and about 1.5 hours from the Des Moines airport. For outdoor-minded buyers, the property is just over a mile from public hunting opportunities at Rathburn WMA.
Property details
Acreage: 32 acres
County and state: Wayne County, Iowa
Nearest town: Promise City, Iowa
Nearest town with amenities: Corydon, Iowa
Location: 9 miles east of Corydon and 15 miles west of Centerville
Road frontage: Roughly 870 feet of rock road frontage
Entrance: One entrance already in place on the west side
Utilities: Power and rural water at the road
Water feature: One small pond
Additional pond potential in southwest drainages
Property is being surveyed by Seller, with final sale price per surveyed acre
Income and return potential
32 CRP acres times approximately $184.38 per acre = $5,900 annual CRP income
CRP contract: CP38E-2 through September of 2031
Total estimated annual income: $5,900
CRP acres, payment rate, and program terms should be verified by buyer
Key features
32 unimproved acres in Wayne County, Iowa
Solid CRP income through September of 2031
$5,900 annual CRP income
CP38E-2 CRP contract
Seller has completed CRP management requirements
Several potential home sites
Great rock road frontage
Power available at the road
Rural water available at the road
Existing small pond
Additional pond potential
1 mile east of Promise City
4 miles north of Highway 2
Just over a mile from public hunting at Rathburn WMA
1.5 hours to Des Moines airport
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