$1,695,000

Welcome to the Chapman Ranch! Located only minutes to Calhan, Colorado and an easy drive to Colorado Springs, this Colorado Centennial Ranch offers a mix of historical character and a steady investment cash flow through wind lease, grazing and rental income. In 1885 Samuel Chapman, at the age of 15, left Ames, Iowa to settle in Colorado and by 1895 had acquired acreage in El Paso County near Calhan through the Homestead Act. The Ranch was designated as a Colorado Centennial Ranch in 2006 and descendants of Samuel Chapman still own the Ranch today. The Ranch presents a unique investment opportunity for a future owner with multiple sources of income and development potential. The property offers a combination of agricultural use, long-term wind lease income, and future residential development if desired. The Ranch has a quaint farmhouse originally built in 1920. The home is structurally sound but will need renovation and updating dependent on a future owner's needs. In addition, the property has an extensive set-up of pipe corrals and working facilities including loafing areas, a small barn, and several sheds. The land has extensive road frontage along two county-maintained gravel roads which offers future flexibility to pursue development opportunities. The Ranch is being sold with a long-term wind lease and all contracts will convey to a new owner as part of a sale. There are 4 wind turbines under active lease contracts run through 2050. This area along the eastern plains of Colorado has been very active in renewable energy development with turbines on this property and adjoining properties. Future expansion of energy development in both wind and solar are possible. There is both a transmission line and substation along the southern border of this property. A full breakdown of the current lease and annual income is available to qualified buyers.