Overview
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.
General Information and Historical Background
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.
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Improvements and Land Attributes
Improvements Structure (s): • 1.5 Story Farmhouse – 1,568 SF • Year Built: 1920 • Beds: (4) • Baths: (2)
Outbuildings: Utility and Loafing Sheds, Small Barn
Well: (1) Domestic/Livestock
Utilities: Electric, Satellite Internet / TV / Septic and Well
Acreage: 960 Acres per El Paso County Assessor Records
Land Attributes: Pikes Peak Views, Rolling Lands, Native pasture, Catch Pond
Topography: Level, Rolling, Very Useable Acreage
Recreation: Horses, ATV Use, Hunting, Shooting
Protective Covenants/HOA: None
Nearest Town(s): Calhan, Colorado – 5 miles
Access: Maintained Year‐Round. Gravel County Roads
Location and Accessibility
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.
Wind Lease
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 5 windmills under active lease contracts generated annual income through 2045. 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.
Water Rights
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.
Zoning and Taxes
Agricultural Zoning – Taxes based on 2025 assessments were $1,130 per year.
