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$260,000
Est. payment /mo
27.27 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6799122
Annual Tax Amount $1,290
Tax Year 2024
Contingent None
Lot Size 27.270 Acres
Property Description
Opportunity awaits with this 27.27+/- acre tract in Steele County, Minnesota. Conveniently located between Owatonna and Blooming Prairie, this property is currently enrolled in the Conservation Reserve Program (CRP) until September 30, 2026. The existing CRP contract provides an annual payment of $8,969, offering great inceom. With an impressive CPI rating of 85.6, this land has strong agricultural potential. You could re-enroll the land or put the land back into production after the contract is complete if desired.
For farmers, this is a chance to expand their operation with quality soils ready to return to production in the near future. For investors, it's a rare opportunity to acquire a smaller-sized parcel that generates dependable income. The property also qualifies as an excellent candidate for a 1031 exchange, making it a versatile investment choice.
Beyond the financial and agricultural appeal, the property also offers recreational enjoyment. The current habitat makes for productive pheasant hunting, and the owners note they've enjoyed seeing wildlife throughout the seasons. Pieces like this—manageable in size, income-producing, and well-situated—are hard to come by. Whether you're seeking to diversify your portfolio, lock in CRP income, or plan for future row crop production, this property offers multiple pathways for value. Just a short drive from Owatonna.
For farmers, this is a chance to expand their operation with quality soils ready to return to production in the near future. For investors, it's a rare opportunity to acquire a smaller-sized parcel that generates dependable income. The property also qualifies as an excellent candidate for a 1031 exchange, making it a versatile investment choice.
Beyond the financial and agricultural appeal, the property also offers recreational enjoyment. The current habitat makes for productive pheasant hunting, and the owners note they've enjoyed seeing wildlife throughout the seasons. Pieces like this—manageable in size, income-producing, and well-situated—are hard to come by. Whether you're seeking to diversify your portfolio, lock in CRP income, or plan for future row crop production, this property offers multiple pathways for value. Just a short drive from Owatonna.
Location
State MN
County Steele
Zoning Agriculture
Interior
Inclusions None
Fireplace No
Exterior
Utilities Available None Available, None Connected
Schools
School District Blooming Prairie
Others
Restrictions Open
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Listed by Robert Stalberger • Whitetail Properties Real Estate
NEARBY SCHOOL & BUSINESS
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