0 400Th Ave, Heron Lake, MN 56101
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.