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    OFF-MARKET
    Land

    13 Of Red Rock Twp, Austin, MN 55912

    79 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional investment opportunity awaits with this meticulously maintained 79 +/- deeded acres in Mower County, Minnesota. This property boasts 67.1 +/- highly productive tillable acres and 8.2 +/- acres enrolled in the Conservation Reserve Program (CRP) with a contract extending through 2030, generating an annual payment of $401.72 per acre to the new owner. The land exhibits an exceptionally high Corn Productivity Index (CPI) of 96.2, indicating significant yield potential. Its efficient layout and convenient location near multiple grain outlets make it ideal for both established and aspiring farmers. The property offers ample access for equipment and is situated in a strong cash rent area, providing additional income potential. This is a perfectly sized offering for those seeking to expand existing operations, start a new farm, or diversify their investment portfolio. Real estate taxes are $4,372 annually. The property is located in Section 13 of Red Rock Township, Austin, MN 55912 (43.6372455, -92.9775558). Online bidding opens October 30, 2024.

    Property profile
    Verified
    Property type Land
    Lot 79 ac (3,441,240 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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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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