68 Tbd Tract 3 Hwy, Lake Crystal, MN 56055
This exceptional 20.69-acre agricultural property in Lake Crystal, Minnesota, presents a rare investment opportunity. Located in Blue Earth County's Judson Township, this land boasts a high Crop Productivity Index (CPI) of 92.2, thanks to its fertile Nicollet loam soils. Efficient tile drainage, leading into County Judicial Ditch 36, ensures optimal water management. A legacy property, owned by the same family for over 120 years, it offers a history of successful farming. Soil tests from 2022 are available for review, and planned fall tillage for 2024 will further enhance soil quality. Rental potential exists, with past income averaging $275 per acre, starting in 2025. While currently zoned for agriculture, there's potential for future development, subject to county zoning regulations (details available via separate county zoning email). The property is being sold as-is, with the auction concluding January 8, 2025, around 10 AM via AuctionCast online. Closing is scheduled for or before February 14, 2025. A virtual tour is available online. This is a chance to acquire a piece of Minnesota farmland with a proven track record and significant future potential. APN: R380706100008. Zip code: 56055.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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