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Lot/land
  • Price cut: $80K (6/26)
    $450,000

    4545 120th Ave, Peterson, IA 51047

    --beds
    --baths
    6.4Acres
    Unimproved Land
    Built in ----
    6.4 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Two large north-south-oriented barnsQuiet country settingDurable low-maintenance surfacesAmple vertical clearance
    Clay County, Iowa Property for Sale – We are pleased to offer a unique rural improvement site located at 4545 120th Avenue, Peterson, Iowa. This 6.40-acre property features over 74,780 combined square feet of enclosed space and presents an outstanding opportunity for buyers seeking functional, existing infrastructure in a quiet country setting. Built in 1997, the property includes two large north-south-oriented barns, with the east barn measuring approximately 60’ x 616’ with two additions in 1997 and 2002, and the west barn measuring 56’ x 616’. The barns feature concrete floors and approximately 16-foot ceilings, providing durable, low-maintenance surfaces and ample vertical clearance well-suited for equipment and machinery storage, a large agricultural or livestock facility, workshop or operational space, or potential redevelopment opportunities that align with today’s rural-related demands. Located in southwest Clay County, the property offers the privacy and separation rural buyers appreciate, while still maintaining convenient access to nearby communities and major travel routes for day-to-day needs, grain and livestock markets, and business operations. The scale, layout, and construction of the existing improvements create a strong foundation for a buyer who values established structures that can be utilized as-is, enhanced over time, or adapted to meet evolving operational goals.
    166 days
    |
    75
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Doug Bear (515)745-3192,

    Peoples Company,

    Andrew Zellmer 712-898-5913,

    Peoples Company

    Source: DMMLS,MLS#: 733857MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

      Facts & features

      Property

      Lot
      • Size: 6.4 Acres
      Details
      • Parcel number: 943805400009
      • Zoning: Ag

      Community & HOA

      Location
      • Region: Peterson

      Financial & listing details

      • Tax assessed value: $190,730
      • Annual tax amount: $2,552
      • Date on market: 2/4/2026
      • Cumulative days on market: 167 days
      • Listing terms: Cash,Conventional
      Doug Bear

      (515) 745-3192

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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,415/mo

        Price history

        DateEventPrice
        6/26/2026Price change$295,000-21.3%
        Source: REALSTACK #733857 Report a problem
        5/21/2026Price change$375,000-16.7%
        Source: REALSTACK #733857 Report a problem
        2/4/2026Listed for sale$450,000
        Source: DMMLS #733857 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,552 -20.6%$190,730 +13.4%
        2024$3,214 +21.5%$168,200 -20.2%
        2023$2,646 +45.2%$210,660 +44.9%
        2022$1,822 +3.5%$145,370 +39.5%
        2021$1,760 $104,194 +0.4%
        2020$1,760 +12.7%$103,790
        2019$1,562 +2.1%$103,790 -14.3%
        2018$1,530 $121,140 -17.5%
        2017$1,530 -6.6%$146,750
        2016$1,638 -23.3%$146,750 -25.5%
        2015$2,136 $197,090 -3.2%
        2014$2,136 -20.8%$203,700
        2013$2,696 --
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 51047

        Getting around

        0 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating