23145 County Road 151, Norborne, MO 64668

     
  • 4Beds
  •   
  • 1 Bath
  •  
  • 0½ Baths
  •  
  • 1,500Sq Ft
Mortgage Calculator

$1,742,489
 est. $6,646/mo

Unique Investment Opportunity. Purchasing this property would offer you a 4% ROI through a mutually agreed lease-back arrangement and long-term appreciation potential. The seller is a 3rd generation owner and is looking to transfer ownership, while continuing to maintain the property on behalf of the new owner as part of the lease agreement. A true “turn-key” opportunity to own a world class recreational property without any of the hassles of equipment ownership or CRP maintenance. The current owner is well-connected with USDA, FSA, and DNR and has the knowledge, experience, equipment, and desire to continue the already established management practices. This property has been in CRP since 1987 and has abundant populations of quail, pheasant, turkey, deer, and all native species. The seller seeks a buyer who is equally passionate about wildlife conservation. The buyer will have full access to hunting and fishing this property, while enjoying the benefits of having a tenant who will continue the legacy of managing the property and taking full advantage of government cost-sharing programs on behalf of the new owner. This farm is located just north of Norborne, Missouri, only an hour northeast of Kansas City. This 203± acre property offers a blend of natural beauty, recreational value, and long-term investment potential. This land has been managed with a strong focus on conservation, resulting in an environment abundant with wildlife. This property offers a rich mix of features including income generating CRP fields, mature timber for hunting and habitat, fully stocked ponds, a small creek through the property, and a annual lease payment that will offer a 4% ROI. This is more than land, it's a legacy. This property is ideal for someone seeking a stable, tangible investment in land with built-in income and room to grow. Note: Boundary lines, on the maps, reflect approximately 203 +/- acres. Final acres to be determined by survey prior to closing.

Directions
From Norborne, MO go north on Highway D until come to a sharp corner where Highway D continues west and Highway E goes east, turn east onto Highway E until you reach Highway PP, go north on Highway PP, it will eventually turn to gravel which is County Road 151, continue on the gravel for one mile and the listed property will be on the west side of County Road 151.
Subdivision
None
City
Norborne
County
Carroll
Property Type
Residential / Single Family Residence
Listing Updated
Jul 08, 2025 at 5:07pm
MLS Number
2559165
Property Tax
$1,255
Home Owners Association
No
Disclaimer
The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2025, Heartland Multiple Listing Service, Inc. Heartland MLS, Elite Realty and Agent Jo do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.
The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation, or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company.
Information is deemed reliable but is not guaranteed.

Copyright © 2025 ELITE Realty.