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    The Largest CRE Database in the US with Over 1 Million Listings

    50167 230Th St Minnesota Lake, MN 56068

    Sponsored
    For Sale
    Under Contract
    $630,000

    Farm - Minnesota Lake, MN

    Type:Farm
    Property size:
    1,878 SF
    Lot size:
    10.40 Acres
    Days on Market:
    100
    Last Refresh:
    Jan 31 at 12:06 pm

    Property Features for 50167 230Th St

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active Under Contract
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Laundry, Living Room
    Bedrooms
    4
    Bathrooms
    3
    APN
    13.008.0200/13.017/0600
    Parking
    3
    Parking features
    Garage, Garage - Attached
    Interior features
    Eat-in Kitchen, Garage Door Opener, Hardwood Floors, Natural Woodwork, Tiled Floors, Washer/Dryer Hookups, Unfinished
    EntryLevel
    16
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    1,878 SF
    Lot size
    10.40 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Flooring type
    Hardwood, Tile, Wood
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    JUDY NESS

    Homestead Realty LLC (507) 893-4803

    Listing agent JUDY NESS (507) 893-4803

    Listing date Oct 24, 2025

    MLS# 7037608 Listing URL

    Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Farm with Grain Storage

    This property presents an opportunity to own a well-maintained farm featuring a move-in ready home with three to four bedrooms and a triple attached garage. The site includes numerous outbuildings and a bin site equipped with a dryer bin, wet holding bin, air transfer system, and over 130,000 bushels of grain storage. Additional outbuildings consist of an 80x135 steel utility building constructed in 2013, a 36x100 hog building with an 8-foot pit, and a 40x60 quonset. The 1,878 square foot house includes a sunroom, remodeled kitchen, living room with a gas fireplace, formal dining room, lower level, and main floor laundry. It also features a main floor bedroom or office, three upper-level bedrooms, and three bathrooms. Noteworthy features include maintenance-free steel siding and shingles, a heated triple attached garage with a bonus room above, a deck, a landscaped yard, and a compliant septic system. The property is situated on 10.4 acres in Minnesota Lake, MN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Minnesota Lake
    County
    Faribault
    State
    Minnesota
    Longitude
    -93.865563
    Latitude
    43.819104

    Nearby Similar for Sale

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      Minnesota Lake Industrial Metal Building

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    FAQs

    What type of property is this?
    Farm - Move-in ready farm with home, outbuildings, and grain storage.
    Where is this farm located?
    The property is located at 50167 230Th St Minnesota Lake, MN.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: - Extensive grain storage: 130,000+ bushels capacity.; - Large 80x135 steel utility building, constructed in 2013.; - Triple attached heated garage with bonus room.
    (507) 893-4803
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    50167 230Th St Minnesota Lake, MN 56068
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    Minnesota Lake, MN 56068
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50167 230Th St Minnesota Lake, MN 56068
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    We can help!
    Listing Contact
    JUDY NESS
    (507) 893-4803
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