Property summary
This sealed-bid auction presents an exceptional opportunity to acquire 88.14 deeded acres of prime agricultural land in Olmsted County, Minnesota. Located just 11 miles south of Rochester, conveniently off Highway 52, this property offers 79.94 acres suitable for tillable farming, boasting a Corn Productivity Index (CPI) of 55.6. Currently generating a rental income of $300 per acre, this land presents a strong return on investment. The property's location provides easy access to Chatfield, MN, and its zoning permits agricultural use. With potential for a home building site (subject to local approvals), this versatile parcel is ideal for expanding farming operations, leasing to local farmers, or managing crops independently. All bids are due by November 22, 2024, at 5:00 PM. Detailed terms and conditions, including buyer's fees, are available in supplemental materials. The APN is 520523088018. This is tract 3 of 5 available in this auction.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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