Property summary
This exceptional 149.89-acre property in Olmsted County, Minnesota, presents a compelling investment opportunity. Located approximately eight miles west of Stewartville, along County Road 3 SW, this farmland boasts an estimated 138.46 FSA tillable acres with a strong Crop Production Index of 83.8. The soil composition, featuring Racine loam, Lawler loam, Clyde silty clay loam, and Floyd silt loam, is ideal for large-scale farming operations. The property includes patterned tiling with an outlet on the northeast corner, enhancing drainage and efficiency. Its strategic location offers easy access to Interstate 90, facilitating transportation and market access. This prime farmland is zoned Agricultural (APN: 45.05.14.084114) and is situated in the northeast quarter of Section 5, High Forest Township. Beyond its agricultural potential, the property offers possibilities for future development, with potential for three to four buildable lots, subject to local regulations and approvals. The asking price is $2,098,500. This represents a significant opportunity for investors seeking a 1031 tax-deferred exchange or established farmers looking to expand their operations in a highly desirable location.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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