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$709,000
Est. payment /mo
71 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6813621
Annual Tax Amount $4,552
Tax Year 2024
Contingent None
Lot Size 71.000 Acres
Acres 71.0
Lot Dimensions 1328 ft x 2653 ft x 565 ft x 575 ft x 805 ft x 2101 ft
Property Description
This exceptional 71 +/- acre property in southeastern Minnesota offers an outstanding combination of productive farmland, steady income, and prime location. Of the total acreage, approximately 69.5 +/- acres are tillable, featuring a CPI of 60. The land is well-suited for row crop production and includes drainage ditches that provide an efficient outlet for water management, helping to maintain consistent yields year after year.
Situated just south of Owatonna and west of Blooming Prairie, this farm enjoys easy access on two sides from well-maintained blacktop roads, ensuring convenient entry for equipment and excellent visibility. The cropland will be open to farm or lease in 2026, offering flexibility for both owner-operators and investors alike.
A valuable highlight of this property is the windmill lease, which generates $7,900 in annual payments with a built-in 2.5% annual escalator, ensuring growing returns over time. Combined with the current cropland lease, the property produces over $25,100 in total annual income, making it a truly high-performing, cash-flowing investment.
With its mix of productive farmland, strong income streams, and accessible location, this tract presents an excellent opportunity for the savvy investor or expanding operator. Don't miss the chance to own a premier piece of southeastern Minnesota farmland with long-term earning potential and exceptional return on investment.
Situated just south of Owatonna and west of Blooming Prairie, this farm enjoys easy access on two sides from well-maintained blacktop roads, ensuring convenient entry for equipment and excellent visibility. The cropland will be open to farm or lease in 2026, offering flexibility for both owner-operators and investors alike.
A valuable highlight of this property is the windmill lease, which generates $7,900 in annual payments with a built-in 2.5% annual escalator, ensuring growing returns over time. Combined with the current cropland lease, the property produces over $25,100 in total annual income, making it a truly high-performing, cash-flowing investment.
With its mix of productive farmland, strong income streams, and accessible location, this tract presents an excellent opportunity for the savvy investor or expanding operator. Don't miss the chance to own a premier piece of southeastern Minnesota farmland with long-term earning potential and exceptional return on investment.
Location
State MN
County Steele
Zoning Agriculture,Business/Commercial
Interior
Inclusions None
Fireplace No
Exterior
Utilities Available None Connected, None Available
Schools
School District Blooming Prairie
Others
Restrictions None
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Listed by Brian Haugen • LandProz Real Estate, LLC
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