Pealer Estate Auction

Real Estate

Location: 408 5th Street, Denmark, IA

The Pealer Farm is located 2 miles west of Denmark, Iowa in Section 30 of Denmark Township, Lee County, IA. From the west edge of Denmark, Iowa proceed northwest on Hwy. #16 11⁄2 miles to 280th Avenue, then turn left or south and proceed 3⁄4 mile to the farm. (Be watching for presale directional signs).

5 p.m. Friday, September 6th, 2019
This farm offers excellent recreational opportunities, including whitetail deer and wild turkey hunting as well as many other outdoor activities.
For this auction's sale bill, catalog or poster, CLICK HERE
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This listing was posted on 08-07-19, for updates & more photos, CLICK HERE.



  • FSA figures should indicate 57.52 tillable acres, of which 52.27 acres are currently in row crop and 5.25 acres of grass hay.
  • CSR2 is 61.9 (tillable acres)
  • Productive soils on the tillable acres are Weller & Pershing.
  • The balance of the farm is mature timber and wooded draws.
  • Also on the farm is a very historic stone house built in 1857. With the right person’s touch the home could be restored back to its original beauty or left as is for a weekend get-a-way spot or hunting hide-a-way.
  • The home has Rathbun Rural Water, central air, heat and a functioning septic system.
  • Access is on the west from 280th Ave.
  • Estimated Real Estate Taxes: $2,535.00



  • The Pealer Farm will be sold in one (1) individual tract and will sell on a price per acre basis, based on taxable acres.
  • Ten (10%) percent of the bid price will be due on the day of sale with the balance due in approximately 30 days, on or before Monday, October 7, 2019 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing subject to a lease with the tenant on the tillable acres only.
  • All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.


Deanna S. Pealer Estate
Richard Chapman & Rusty Chapman – Co-Executors


Representing Attorney: Shane Wiley, Hirsch, Adams, Putnam, Putnam, Cahill & Wiley, P.L.C.

1307 Broadway St., West Burlington, Iowa 52655. Phone: (319) 754-7545


Pealer Estate Auction

For more information, call:
Auction Managers: Jeff Hoyer (319) 759-4320 & Jim Huff (319) 931-9292

Also Visit: Auctioneer's Website
Questions about this auction? Phone 217.847.2160 or email our office at [email protected].

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Sullivan Auctioneers, LLC

[email protected]

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