Shelby County, Iowa Land Auction – Mark your calendar for Wednesday, October 27th, 2021 at 10:00 AM! Peoples Company is pleased to be representing the Estate of Dr. Robert L. Larsen in the sale of 320 total acres m/l located just north of Walnut, Iowa. Dr. Larsen is highly recognized for founding the Des Moines Metro Opera and a respected pillar to the music and arts community and Dr. Larsen's lifelong commitment to musical arts will continue through his legacy as the proceeds from the sale of his farmland will benefit the Des Moines Metro Opera and the creative outlets the organization will continue to support.

Of the total 320 acres m/l, the ”Larsen Farm” includes 305.66 estimated cropland acres and a CSR2 soil rating north of 90 (compared to the Shelby County average CSR2 soil rating of 69). The top-producing loess soils on this farm contain the very deep, well drained Marshall clay loams that cater to increased crop production. Located in a strong farming community near several competing grain markets including both grain elevators and ethanol plants, these tracts would make for a great add-on unit to an existing farm operation or investment-grade quality land purchase. The farmland and acreage sites have been cared for and managed by the current farm operators’ family for over 50 years. Two older, but improved, single-family homes and acreage sites will be offered for sale and included in this auction. Both homes have received several updates and maintenance over the years and are good homes for a buyer wanting to enjoy the countryside. These homes can be viewed by contacting the listing agent, Matt Adams, or by attending the Open Houses on Thursday, October 7th from 4:00 PM to 7:00 PM and October 17th from 1:00 PM to 4:00 PM.

Tract 1: 157.75 acres m/l with 154.62 estimated cropland acres and an average CSR2 soil rating of 91.1.
Tract 2: 154.50 acres m/l with 151.04 estimated cropland acres and an average CSR2 soil rating of 94.
Tract 3: Home and 2.25-Acre Acreage Site (to be surveyed) – An older, 1,352 Sq. Ft., two-story home with 4 bedrooms, 1 bath. Locally known as 229 Quince Road, Elk Horn.
Tract 4: Home and 5.5-Acre Acreage Site (to be surveyed) – An older, 1,552 Sq. Ft., two-story home with 3 bedrooms, 1 bath. Locally known as 201 Quince Road, Elk Horn. This acreage site includes a machine shed and approximately 18,000 bushels of grain storage.

The four tracts will be offered via Public Auction and will take place at 10:00 AM at the Walnut Community Center - Warrior Hall, 415 Antique City Drive, Walnut, Iowa 51577. The farmland tracts (Tracts 1 & 2) will be sold as two individual tracts using the "Buyers Choice" auction method on a price per acre basis, and the high bidder can take, in any order, one or both tracts for their high bid. "Buyer's Choice" auctioning will continue until both tracts have been purchased and removed from the auction. Acreage sites will be offered through a traditional auction where each acreage is auctioned separately as a total purchase price. Tracts will not be offered in their entirety at the conclusion the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

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Shelby County, Iowa Plat Map and Land Values | Acres GIS