Property profile

2701 Tre J Stevens County Mn Morris, MN 56267

OFF-MARKET
Land
311.02 ac lot
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Property summary

AI-generated overview

This exceptional agricultural property in Stevens County, Minnesota, encompasses 311.02 deeded acres, strategically divided into two tracts. Tract 1 offers approximately 160 deeded acres, with 144.65 tillable acres boasting a 77.7 CPI. Prominent soil types include Hattie-Nutley and Nutley-Hattie Clays. This tract also includes approximately 4.19 acres enrolled in the Conservation Reserve Program (CRP), generating an annual payment of $693.78, expiring September 30, 2027. Historical yields show 175.9 bushels per acre of corn in 2020 and 55.7 bushels per acre of beans in 2021. The efficient farm layout is well-suited for large equipment. Hunting opportunities for pheasant, duck, and deer are also present. Real estate taxes are $4,410 annually. Tract 2 comprises approximately 151.02 deeded acres, with 115.50 tillable acres and a 76.9 CPI. Soil types consist of Hattie-Nutley, Nutley-Hattie, and Hattie Clays. This tract features approximately 32.52 acres in CRP, generating $4,839.95 annually, also expiring September 30, 2027, and includes a 7,000-bushel grain bin. Similar historical yields and hunting opportunities are available. Real estate taxes are $3,496 annually. Both tracts are located 25 miles southwest of Morris, MN, and are currently leased for the 2024 growing season, with the tenant retaining harvest rights. This property presents a compelling investment opportunity for agricultural producers or portfolio expansion.

Property profile

Verified
Property type Land
Lot 311.02 ac (13,548,031 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2701 Tre J Stevens County Mn Morris, MN 56267
Morris metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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