Property profile

0 400Th Ave Heron Lake, MN 56101

OFF-MARKET
Land
78.15 ac lot
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Property summary

AI-generated overview

This exceptional 78.15-acre commercial land parcel in Cottonwood County, Minnesota, presents a compelling investment opportunity. Located near Windom, with a Windom Community Schools district designation, this property boasts 74.98 FSA cropland acres, currently leased for the 2024 crop year and available for the 2025 crop year. The soil composition includes highly productive Omsrub-Storden complex, Nicollet Clay loam, and Clarion Loam, resulting in an excellent Productivity Index (PI) of 86.4. Improved drainage is facilitated by existing tile, although specifics on tile size and placement are unavailable. Previously enrolled in the Conservation Reserve Program (CRP), these acres have been converted to cropland to maximize farming potential. The property's location offers convenient access to Windom and presents long-term investment potential, particularly given anticipated industrial development near Urbana. The asking price is $683,812, or $10,170 per acre. The parcel number is 160150202, and annual property taxes are $2,509. Possession is at closing, subject to tenant rights. Financing options include cash, conventional loans, and 1031 exchanges. The permitted zoning is AG. This property is ideal for expanding existing farming operations or securing a strong, long-term agricultural investment.

Property profile

Verified
Property type Land
Lot 78.15 ac (3,404,214 SF)

Cap rate & NOI

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

Location

400Th Ave Heron Lake, MN 56101
Heron Lake 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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