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    OFF-MARKET
    Land

    56 Tbd State Hwy, Le Roy, MN 55951

    153.11 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 153.11-acre property in Mower County, Minnesota, presents a unique investment opportunity. Located near Le Roy, MN, and easily accessible from State Highway 56, this land offers a blend of agricultural potential and recreational appeal. The property includes 101.94 acres of highly productive tillable farmland, boasting a Crop Productivity Index (CPI) of 68.3. Currently used for rotating corn and bean crops, this fertile land ensures sustainable farming practices. Adding to its allure, the picturesque Upper Iowa River flows through the property, providing opportunities for fishing and boating. For outdoor enthusiasts, a bike trail conveniently runs along the northern and eastern borders. The property's APN is 090190040, and it's zoned for Agriculture and Lot use. Natural gas is available. This versatile land is ideal for farming, recreation, potential home building, hunting, or simply a sound investment. The asking price is $1,122,340. Don't miss this chance to own a remarkable piece of Minnesota real estate. The property's location offers both privacy and convenient access to nearby amenities.

    Property profile
    Verified
    Property type Land
    Lot 153.11 ac (6,669,472 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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