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    OFF-MARKET
    Land

    5 75Th Ave, Eyota, MN 55934

    64.88 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 64.88 ac (2,826,173 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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