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Listing #19282
July 15, 2026
Wayne County, IA
Overview
- 2Tracts
- 136.57Total acres M/L
- 80.31Tillable acres M/L
- $1,868Net taxes
Peoples Company agents, Jared Chambers & Mike Nelson, are both honored to be representing The Dobberthein Family with the auction of their family farm consisting of 136.57 surveyed acres located between Promise City, Iowa, and Confidence, Iowa.
Two tracts ranging in size from 55.51 surveyed acres to 81.06 surveyed acres will be offered, presenting an ideal opportunity for you to assemble good farmland, recreational land with locations overlooking exceptional views to build your dream home on, and be secluded from any immediate neighbors.
The way this farm is subdivided offers something for all types of buyers. This is a rare opportunity to purchase good Wayne County, Iowa farmland that best fits your needs and at your price. The farm is leased for the current 2026 farming season with beans planted. The successful Buyer(s) will receive the second half of the 2026 cash rent at closing, with full farming rights available to the new Buyer(s) beginning March 1, 2027.
These two tracts will be offered via a live Public Auction that will take place on Wednesday, July 15, 2026, beginning at 10:00 AM at the Promise City Community Center located in Promise City, Iowa. The land will be offered as two individual tracts using the "Buyer’s Choice" auction method on a price per acre basis and the high bidder can take, in any order, any or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased and removed from the These two tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through the Peoples Company mobile bidding app, and online bidding will be available.
Land
- Zoning
- Ag
- Gross Taxes
- 1868
- Net Taxes
- 1868
- Parcel(s)
- 040R26100003, 040R26300001, 040R26300002, 040R26300004, 040R35100002
- School district
- Seymour Community Schools
Building
Location
- Address:
- County Highway S56 & Raccoon Road, Promise City, IA 52583 Get Directions
- Directions:
- From Confidence, Iowa: Travel south along County Highway S56 for approximately 2 miles to the beginning of Tract 1, which is located on the east side of the pavement. Watch for Peoples Company auction signs.
From Promise City, Iowa: Travel north along County Highway S56 for approximately 4.75 miles to the farm, which is located on the east side of the pavement. Watch for Peoples Company auction signs.
Tracts
Tract 1 · 81.06 Acres M/L
Description
Tract 1 will be offered as 81.06 surveyed acres, which includes 70.23 FSA tillable acres that are planted to beans in 2026. The tillable soils carry an average CSR2 rating of 36.9, with over 86% of this tract currently in crop production. This highly tillable tract also has convenient highway access, making this a strong addition for farmers or agricultural investors seeking productive acres.
Beyond its agricultural strengths, the property includes a half-acre pond and also borders state owned public hunting land, offering extensive opportunities for turkey and deer hunting along with additional fishing and outdoor recreation. These features create a versatile farm that supports both income production and recreational use.
Legal Description
81.06 surveyed acres located in Section 26, Township 70N, Range 20W, Wayne County, Iowa (see recent survey for exact legal description).
- Total acres
- 81.06
- Tillable acres
- 70.22
- Avg. soil rating
- 37.4 (CSR2)
- Net taxes
- 1101.00
- Parcel Number(s)
- 040R26100003040R26300002and Part of 040R26300001
Tract 2 · 55.51 Acres M/L
Description
Tract 2 will be offered as 55.51 surveyed acres. This exceptional tract, with easy highway access, provides numerous secluded and scenic locations ideal for building your dream home or a hunting cabin. A 30' x 62' steel building with an attached 30' x 40' addition sits on the property, offering multiple options for you to store your machinery, equipment, and recreational items. The building includes a 30' x 30' heated workshop with a concrete floor and electric service provided by Alliant Energy. A well is already in place supplying water to the tract, and Rathbun Rural Water Association also has rural water available at County Highway S56.
This tract offers outstanding turkey and deer hunting along with endless recreational opportunities. The property features one pond, a live creek, and excellent hunting access from two sides. The timbered acres include many large, mature cottonwood, oak, and walnut trees.
Additionally, the tract contains 10.08 FSA tillable acres that are planted to beans in 2026 that carry an average CSR2 rating of 57.3 on the tillable soils. The current tenant also rents the hay acres and the two metal grain bins located on this tract.
This is a fantastic tract offering convenient pavement access, private building sites along with extensive recreational opportunities.
Additionally, the tract contains 10.08 FSA tillable acres that are planted to beans in 2026 that carry an average CSR2 rating of 57.3 on the tillable soils. The current tenant also rents the hay acres and the two metal grain bins located on this tract.
This is a fantastic tract offering convenient pavement access, private building sites along with extensive recreational opportunities.
Legal Description
55.51 surveyed acres located in Sections 26 and 35, Township 70N, Range 20W Wayne County Iowa (see recent survey for exact legal description).
- Total acres
- 55.51
- Tillable acres
- 10.08
- Avg. soil rating
- 57.3 (CSR2)
- Net taxes
- 767.00
- Parcel Number(s)
- 040R35100002040R26300004and Part of 040R26300001
Video
Terms
- Possession
- Closing, Subject to Tenants Rights
- Zoning
- Ag
- Legal description
- 136.57 Acres in Sections 26 and 35, Township 70N, Range 20W, Wayne County, Iowa. (see recent survey(s) for exact legal descriptions).
Cash
Remaining terms and conditions are supplied per listing by the CMS.
Downloads
- FSA Field Map 1 PDF
- FSA Field Map 2 PDF
- Total Soils Map PDF
- T1 Survey PDF
- FSA Field Map PDF
- Total Soils Map PDF
- T2 Survey PDF
- Marketing Brochure PDF
- FSA Aerial Map PDF
- Tillable Soils Map PDF
- T1 Sellers Land Disclosure PDF
- Plat Map PDF
- FSA Aerial Map PDF
- Tillable Soils Map PDF
- T2 Sellers Land Disclosure PDF
- Plat Map PDF
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