Property summary
This exceptional 178.4-acre farm in Steele County, Minnesota, presents a compelling investment opportunity. Located near Owatonna, in Section 4 of Meriden Township, this property boasts 170.28 tillable acres and 6.12 acres enrolled in the Conservation Reserve Program (CRP). The current CRP contract provides an annual payment of $2,326, expiring September 30, 2053. The land features a CPI of 91.8 and predominantly Webster Clay Loam soil type. Extensive tiling ensures efficient water management. The property is well-maintained and ready for immediate use. The asking price is $2,503,390, translating to $14,032 per acre. Annual real estate taxes are $14,774. This is a rare chance to acquire a highly productive and income-generating farm in a desirable location. The property's size, soil quality, and existing CRP contract make it an attractive investment for both experienced farmers and agricultural investors. The address is 2714 Four Sisters Farm, Owatonna, MN 55060.
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