Property summary
This exceptional 64.88-acre agricultural property presents a unique investment opportunity. Located in Olmsted County, Minnesota, near Viola (zip code 55934), this land boasts approximately 30 tillable acres with a blend of rock and loam soil, resulting in a Crop Productivity Index (CPI) of 52. The property's strategic location, just nine miles from downtown Rochester and about one mile from I-90, offers easy access via Highway 52. Currently generating $250 per acre in income for the 2025 and 2026 seasons, this land is ideal for farming operations, with potential for corn or bean crops. Past manure application enhances soil fertility. Zoned for agriculture, the property also holds potential for future residential development, subject to Olmsted County approvals. The APN is 633641036268. This sealed-bid auction concludes November 22, 2024, at 5 PM. Detailed terms and conditions, including buyer's fees, are available in supplemental materials. Don't miss this chance to acquire a versatile and productive agricultural asset in a high-growth area. The land is being sold as Tract 5 of 5 available tracts.
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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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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