This is your chance to invest in one of the most spectacular properties that Southwest Wisconsin offers! The opportunities on this property from an investment and recreational stance are endless! The property has approximately 170.4 acres of tillable acreage, rented by a local farmer for $170 per acre totaling $28,968 annually. This lease does run through the end of 2023, so you won’t need to worry about finding a renter until planting in 2024. Some timber was cleared in 2020-2021 to maximize the number of tillable acres being farmed. In addition to the farm ground, the house on the property could be rented on Air Bnb, VRBO, etc., throughout the year to bring in more income. A 3,750 square foot home tucked back at the end of a long private drive. The main floor features a large master bedroom and spacious loft to provide maximum space for people staying over. A walkout basement could be used for access to rent the house as two separate units. The basement features a bedroom with a bathroom, a large living room, a bonus room, and in-floor heating. If you choose not to rent out the house, this will make a grand primary residence with great privacy and seclusion. If you desire, there is plenty of space on the property to place additional cabins or buildings to host more people.One of the major attractions to draw people to the property would be the nearly 2 miles of Platte River frontage. Fishers from all over may come to have their opportunity at the trout, smallmouth bass, walleye, and catfish the Platte River offers. In addition to the fishing opportunities, deer and turkey are plentiful throughout the property providing excellent hunting opportunities. The sellers have had no problem being able to go out and harvest their deer during previous hunting seasons. The Platte River will also attract ducks and geese onto the property for waterfowl hunting in the fall/winter. Also on the property is a large 50’ x 105’ metal building with concrete floors and a 24’ x 50’ insulated shop. This leaves you plenty of room to store all the equipment and tools you may need to help keep up with the property. If you or someone staying over needs to run into town, Lancaster is a short 10-minute drive, and Platteville is a 20-minute drive from the property. If you are interested in learning more about what this incredible property has to offer, or you are interested in taking a look at it, give me a call to schedule your private showing!
Property Features:
- 170.4 acres +/- tillable rented for $170/acre through 2023. $28,398 annual income
- Nearly 2 miles of Platte River frontage
- 3,750 square foot home
- Spacious master bedroom and bathroom
- 2nd story loft for extra bedding space
- Open concept kitchen and living room
- Walk-in pantry closet and half bath on main floor
- Walk-out basement
- 1 bedroom and bathroom in basement with living room and bonus room
- Could rent out the house as 2 separate units
- 50’ x 105’ metal building with concrete floors and 24’ x 50’ insulated shop
- Amazing fishing opportunities for trout, smallmouth bass, walleye, and catfish
- Excellent deer and turkey hunting opportunities
- About 10 minutes from Lancaster, less than 1.5 hours from Madison, 2.5 hours from Milwaukee