Chapman Centennial Ranch

Description

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 major crop was Pinto beans though much of the land was kept in pasture. In addition to ranching, Sam also hauled supplies to Cripple Creek and helped build the Pikes Peak Cog Railroad. He served as an El Paso County Commissioner and served in the State Legislature in 1923 and 1925. Sam owned the first automobile in the county at a time when farmers were some of the first to see the usefulness of such a contraption. 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 4 bedroom, 2 bathroom 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 property offers an opportunity as an owner-occupied ranch or investment property with consistent annual income. As the eastern plains continue to grow, large ranch properties are increasingly rare to find.

The Chapman Ranch is located 5 miles southeast of Calhan, Colorado in El Paso County.  It is easily accessible to the Highway 24 corridor which runs through Peyton, Falcon and into Colorado Springs.  Denver is only 90 minutes from the Ranch.  Commercial air service is available at both Colorado Springs and Denver International Airport which are both easy drives. There is also a private airport close by in Peyton, Colorado.

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 which 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.

The property has a domestic/stock well which allows an owner the right to use this water for in-house use, watering livestock and irrigation of up to 1 acre of land.