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Gannon Real Estate --

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Cedar County 240	Cedar	240	218.41	$1,440,000	$6,000	76.1
Virtual Photos				Comments
				Great opportunity to buy a quality farm in a strong agricultural area in east central Iowa. This farm offers mostly tillable acres with some pasture around the house and outbuildings. The tillable land has been maintained with extensive tiling and waterways to help prevent erosion. The farm is gently rolling in nature and offers great views of the surrounding countryside. Currently there are 197.41 acres being tilled and 30 acres m/l being pastured, but approx. 21 acres of pasture could be converted to tilled acres. There are 93.5 base acres of corn with FSA yields of 129 bu. The soybean base is 93.5 with FSA yields of 44. The farm also has 4.7 base acres of oats with FSA yields of 65. The home has 1,634 square feet of living space. Outbuildings consist of a 32x20 garage, 18x49 machine shed, 52x75 open-front cattle shed, large barn, 2 bins - 3,067 bu. & 7,822 bu., & 26x32 corn crib. The farm is currently leased for 2008. The owner is willing to sell on a short-term contract with 25% down at closing and remainder due on 3/1/09. The contract would be at no interest since the owner will receive the rent for 2008. Large productive farms like this are hard to find in today’s market, so lock this farm up while you can to lease out or operate in 2009. Note: The small home on the 2,400 SF lot east of the subject home is excepted from the property. Directions: Leaving Mechanicsville from the northeast, go east on 125th St (gravel) for approx. 3/4 mile. The farm is located northeast of the T-intersection of Harding Ave and 125th St.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Clarke Co 158.5	Clarke	158.5	111.7 (7.4 currently tilled)	$309,075	$1,950	41
Virtual Photos				Comments
				This farm offers a good mix of crops, CRP, timber, and wooded ditches. The farm is abundant with wildlife and offers some excellent recreational opportunities while producing income. The tilled acres are currently leased, but the farm is open for possession in 2008. The farm is bordered by Hwy 69 to the east & 225 Avenue (gravel) to the west. This farm falls in the Clarke Community School District. There are no buildings. Electric and rural water are available to this farm.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Clarke County 360 ac.	Clarke	360	274.4	$864,000	$2,400	41.3
Virtual Photos				Comments
				This is a great opportunity to buy a good CRP farm with timbered draws. This parcel contains approx. 255.2 CRP acres receiving $65.72/acre or $16,772 annually, expiring in 2009. This farm offers a good income as well as excellent recreational opportunities. There are numerous potential food plot locations, including 19.2 acres (fields 4 & 12) that are considered tillable by the FSA but currently are not in rotation. Upon inspection, many heavy trails as well as rubs and scrapes were found. A matched set of sheds for a potential non-typical were also found. This is a quality income producing farm that offers excellent hunting in the middle of a large section with minimal road visibility. Soil map available upon request.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Grundy County Auction	Grundy	76	73.43	N/A	N/A	92.8
Virtual Photos				Comments
				76 top quality acres to be sold at auction Friday June 20th at 2:00 at the farm. Description: This is a top-class farm with extremely good soils and an excellent production history. The farm is gently rolling and has road access to Hwy 14 to the west side and 280th Street (gravel) to the south. This is one of the area’s better farms and should be received well by both investors and grain farmers. Tremendous buying opportunity. These farms do not come on the market very often, so come prepared to buy! Directions: From Grundy Center go west 6 mi. on Hwy 175 and then south 4 mi. on Hwy 14. The property is on the northeast corner of the intersection of Hwy 14 and 280th St. Terms and Possession: $50,000 down payment the day of the sale in the form of cash or check. The earnest money deposit will be held by Mowry Law Firm in their trust account. Stephen Irvine of Mowry Law Firm will conduct the closing. Closing on or about July 21, 2008 or possible flexible closing for 1031 buyer if arranged prior to the sale. Buyer(s) to receive possession at closing subject to existing lease arrangements. Buyer(s) to receive the second half of the rent. Bidders are required to sign in and show they have the means available to complete the sale if they are the successful bidder. Seller(s) have the right to reject any and all bids. Taxes to be prorated to closing. Announcements: Property information provided herein was obtained from sources deemed reliable, but Auctioneer and/or Seller(s) make no guarantees as to its accuracy. All prospective bidders are urged to fully inspect the property and its condition, and to rely on their own conclusions. Property sells “as-is”. All sketches, dimensions, and acreage figures in this information are approximate or “more or less”. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted at the auction without prior approval. All decisions of the Auctioneer are final. Employees of Gannon Real Estate & the Marty Rogers auction team represent the Seller(s) only.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Marion Co 172 acres	Marion	172	107.5	$550,400	$3,200	43.3
Virtual Photos				Comments
This will create a link that looks like the following:				This is a good opportunity to purchase a well-located farm on the west side of Hwy 181 in western Marion County. The tract offers 107.5 tillable acres with trees/timber scattered throughout and a nice pond setting. This is a good income-producing farm that also offers recreational opportunities and several nice building sites. There are approx. 22 acres of timber to the south with additional wooded draws running through the farm. There is also a nearly 3 acre pond located on the farm that makes an excellent water source for wildlife as well as additional recreation. The farm has 14.4 acres of CRP strips in place which are good for land conservation that provide excellent wildlife habitat. The CRP is receiving $73/acre or $1,051 annually until 9/30/2009. The farm has a corn base of 44.7 acres with yields of 96 bu., a soybean base of 46.2 acres with yields of 41 bu. and a wheat base of 2 acres with yields of 32. There is 1 well on the property and rural water is available. It is located approx 20 miles SE of the Des Moines city limits and 6 miles from 4-lane Hwy 5 to the north. The farm is leased for 2008 with the Buyer to receive the second half of the cash rent due 12/1/08. Directions: From the intersection of Hwy 181 & Hwy 92, take Hwy 181 south approx. 5.5 miles to the intersection of Perry Drive. The farm is SW of the intersection, and runs along the west side of Hwy 181 for 1/2 mile.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Marion County 500 Acres	Marion	500	370.36	$1,450,000	$2,900	40.8
Virtual Photos				Comments
				This is a good opportunity to purchase a large farm complete with a 2-story home & outbuildings. This farm has been owner-operated, & thus has been well maintained & fertilized over the years with good yield history. The farm consists of tilled acres, pasture, & timber/timbered draws. The western portion adjoins the highway with a nice pond & building site on Hwy 14. There are 8 ponds on the farm with good recreation benefits, including deer & turkey hunting as well as quail, pheasants, & stocked fishing ponds. The home has 3 bedrooms, 1 bathroom, 1456 sq. ft of living area, and newer roof & siding. Outbuildings include 64x30 barn, 40x40 shed, 38x20 shed, & a large concrete silo. Approx. 400 acres are covered with an EQIP contract with most of the practices completed. The owner is willing to pay off the EQIP contract in the event the Buyer is not interested in succeeding. The amount received so far in benefits is approx. $25,000. The farm has approx. 160.57 acres of corn base, 96.33 acres of soybean base, 5.23 acres of oats base, & 3.4 acres of wheat base. There are 10.98 acres of CRP in the NE corner of the farm paying $63.44 per acre until 2009 & then $74.20 per acre until 2019. Copies of the FSA 156 are available for review. The farm is available for 2008 possession. Any 2008 crop inputs & fieldwork will be reimbursed at closing or as agreed between the Buyer & Seller.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Gilbert Acreage	Story	3.4	N/A	$74,900	N/A	N/A
Virtual Photos				Comments
				This is a well-located 3.4 acre parcel targeted for new residential construction. It is located just south of Gilbert city limits, 3/4 mile south of the high school and 1/4 mile north of the corner of Grant St. and 180th St., on the west side of the road. This tract offers mature trees, a newer septic system approved for a 3-bedroom home, and rural water availability. If you are looking for a large country parcel with quality schools and entertainment nearby, this is it.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Story County 36.25 acres	Story	36.25	17.18	$225,000	- N/A
Virtual Photos				Comments
				Beautiful small farm close to Ames and 1/2 mile from paved county road R70. The farm is all in hay or oats right now with a nice creek that would make a super pond site. This tract is eligible for residential building permit and is zoned agricultural with no restrictive covenants. The parcel has impressive views of the Skunk River bottomland to the west and SW. The land is available for immediate possession. I have never had a better small farm in the Ames area available for a residential home. I hope you will take advantage of this offering. Directions: 2 miles east of I35 on Hwy 30, then south 2 miles on R70 (paved), then west on 260th St. (gravel) for 3/4 mile. The property is on the north side of the road.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Hickory Creek - Lot 8	Story	5.31	N/A	$115,000	0 - N/A
Virtual Photos				Comments
				2-bedroom home with 5.31 acres of wooded land and flowing creek. Home has 931 sq. ft. with "mission-style" built-ins with good remodeling potential or nice acreage to start over with new home. Being sold as-is. Buyers make their own inspections. Located 1.25 miles SW of Colo adjoining Twin Anchors Golf Club. Colo-NESCO school district. Access from 248th Street. If you are looking for a scenic place with established trees, rural water, and easy access, Hickory Creek is ideal. Zoned Ag. Residential, which allows for horses and other hobby livestock, and minimal retrictive covenants. Easy access to Hwy 30 as well as Hwy 65. Hickory Grove Park is only 1/4-mile SW and offers great fishing, canoeing, and a public beach.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Hickory Creek - Lot 7	Story	30.3	N/A	$195,000	0 - N/A
Virtual Photos				Comments
				Hickory Creek - Lot #7: 30.3 acres of pasture, timbered hillsides, and open hay fields. Good access with excellent building site on 248th Street. Located 1.25 miles SW of Colo adjoining Twin Anchors Golf Club. Colo-NESCO school district. If you are looking for a scenic place to build with established trees, rural water, and easy access, Hickory Creek is ideal. Zoned Ag. Residential, which allows for horses and other hobby livestock, and minimal retrictive covenants. Easy access to Hwy 30 as well as Hwy 65. Hickory Grove Park is only 1/4-mile SW and offers great fishing, canoeing, and a public beach.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Hickory Creek - Lot 6	Story	1.51	N/A	$149,000	0 - N/A
Virtual Photos				Comments
				1.51 acre lot with 2-story home, detached garage, and 42' x 72' metal machine shed. Home has 3 bedrooms, 1 full bath, new vinyl siding, and is being sold as-is. Buyers make their own inspections. Well and rural water. Located 1.25 miles SW of Colo adjoining Twin Anchors Golf Club. Colo-NESCO school district. If you are looking for a scenic place to build with established trees, rural water, and easy access, Hickory Creek is ideal. Zoned Ag. Residential, which allows for horses and other hobby livestock, and minimal retrictive covenants. Easy access to Hwy 30 as well as Hwy 65. Hickory Grove Park is only 1/4-mile SW and offers great fishing, canoeing, and a public beach.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Hickory Creek - Lot 5	Story	7.3	N/A	$85,000	0 - N/A
Virtual Photos				Comments
				This 7.3 acre lot has many mature oaks and an ideal building site overlooking the wooded hillsides and creek. There is an artesian well in the pasture north of the creek. Access is by private drive off 248th Street. Located 1.25 miles SW of Colo adjoining Twin Anchors Golf Club. Colo-NESCO school district. If you are looking for a scenic place to build with established trees, rural water, and easy access, Hickory Creek is ideal. Zoned Ag. Residential, which allows for horses and other hobby livestock, and minimal retrictive covenants. Easy access to Hwy 30 as well as Hwy 65. Hickory Grove Park is only 1/4-mile SW and offers great fishing, canoeing, and a public beach.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Hickory Creek - Lot 4	Story	5.48	N/A	$90,000	0 - N/A
Virtual Photos				Comments
				5.48 acres scattered with mature oaks on the savannah and the wooded hillsides of the creek which flows through the northeastern portion. Many great potential building sites with lots of privacy. Private drive off 248th Street. Located 1.25 miles SW of Colo adjoining Twin Anchors Golf Club. Colo-NESCO school district. If you are looking for a scenic place to build with established trees, rural water, and easy access, Hickory Creek is ideal. Zoned Ag. Residential, which allows for horses and other hobby livestock, and minimal retrictive covenants. Easy access to Hwy 30 as well as Hwy 65. Hickory Grove Park is only 1/4-mile SW and offers great fishing, canoeing, and a public beach.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Hickory Creek - Lot 3	Story	5.32	N/A	$115,000	0 - N/A
Virtual Photos				Comments
				5.32 acres with approx. 3 acres of open land and 2.3 acres of old growth oak savannah. This is a great corner lot with an ideal building site well off the road, and new driveway access of coumty paved road, 680th Avenue. Located 1.25 miles SW of Colo adjoining Twin Anchors Golf Club. Colo-NESCO school district. If you are looking for a scenic place to build with established trees, rural water, and easy access, Hickory Creek is ideal. Zoned Ag. Residential, which allows for horses and other hobby livestock, and minimal retrictive covenants. Easy access to Hwy 30 as well as Hwy 65. Hickory Grove Park is only 1/4-mile SW and offers great fishing, canoeing, and a public beach.

MLS	Name	County	Acres	Tillable Acres	Listing Price	Price Per Acre	CSR	Est. Net Return
	Hickory Creek - Lot 2	Story	6.66	N/A	$95,000	- N/A
Virtual Photos				Comments
				6.66 acre lot has approx. 1.5 acres of open land and 5 acres of tree-covered upland and creek hillsides. Creek runs through the mid to eastern portion of the parcel. There are many great building site possibilities. Lots of privacy. Separate drive, with driveway access shared with Lot #1, off 680th Avenue (paved). Located 1.25 miles SW of Colo adjoining Twin Anchors Golf Club. Colo-NESCO school district. If you are looking for a scenic place to build with established trees, rural water, and easy access, Hickory Creek is ideal. Zoned Ag. Residential, which allows for horses and other hobby livestock, and minimal retrictive covenants. Easy access to Hwy 30 as well as Hwy 65. Hickory Grove Park is only 1/4-mile SW and offers great fishing, canoeing, and a public beach.

Services Dedicated to the Future of the Iowa Landowner and Family Farmer

Gannon Real Estate Services, Inc.
2811 N. Dayton Ave.
Ames, IA 50010
Office & Mobile Phone: 515-291-5942
Office Phone: 515-233-6999
Fax: 515-233-6963
E-mail: mark@gannonre.com