3 90Th Ave, Eyota, MN 55934
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.
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
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.