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$799,000
Est. payment /mo
80 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6813670
Annual Tax Amount $4,106
Tax Year 2024
Contingent None
Lot Size 80.000 Acres
Acres 80.0
Lot Dimensions 2665 ft x 1321 ft x 2665 ft x 1321 ft
Property Description
This impressive 80 +/- acre property in southeastern Minnesota offers a rare opportunity to own productive farmland with outstanding income potential. Of the total acreage, approximately 75 +/- acres are tillable, boasting a CPI of 67.8. The land is primarily cropland, featuring well-designed drainage ditches that provide an effective outlet for water management, supporting consistent productivity and reliable yields.
Perfectly located just south of Owatonna and west of Blooming Prairie, this tract combines agricultural strength with exceptional accessibility. The property has excellent road frontage along a well-maintained blacktop road, ensuring convenient field access for equipment and ease of operation.
Adding to its investment appeal, the property includes a windmill lease that generates $7,900 in annual payments, with a 2.5% annual escalator that guarantees steady income growth year after year. In addition, the cropland is currently leased, contributing to a combined annual income of approximately $26,850, offering an exceptional cash-flowing investment. The cropland will be open to farm or lease in 2026, giving future owners flexibility to operate or renegotiate terms to maximize returns.
This property represents an outstanding opportunity for both farmers and investors seeking stable returns, long-term appreciation, and a well-located piece of Minnesota farmland. With strong soils, reliable drainage, and substantial wind lease income, this is a premium agricultural investment that delivers both productivity and profitability. Don't miss your chance to own a top-quality tract with proven income and lasting value.
Perfectly located just south of Owatonna and west of Blooming Prairie, this tract combines agricultural strength with exceptional accessibility. The property has excellent road frontage along a well-maintained blacktop road, ensuring convenient field access for equipment and ease of operation.
Adding to its investment appeal, the property includes a windmill lease that generates $7,900 in annual payments, with a 2.5% annual escalator that guarantees steady income growth year after year. In addition, the cropland is currently leased, contributing to a combined annual income of approximately $26,850, offering an exceptional cash-flowing investment. The cropland will be open to farm or lease in 2026, giving future owners flexibility to operate or renegotiate terms to maximize returns.
This property represents an outstanding opportunity for both farmers and investors seeking stable returns, long-term appreciation, and a well-located piece of Minnesota farmland. With strong soils, reliable drainage, and substantial wind lease income, this is a premium agricultural investment that delivers both productivity and profitability. Don't miss your chance to own a top-quality tract with proven income and lasting value.
Location
State MN
County Steele
Zoning Agriculture
Interior
Inclusions None
Fireplace No
Exterior
Utilities Available None Connected, None Available
Schools
School District Blooming Prairie
Others
Restrictions Other
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Listed by Brian Haugen • LandProz Real Estate, LLC
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