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    Land

    2701 Tre J Stevens County Mn, Morris, MN 56267

    311.02 ac lot
    Property ID
    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
    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
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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