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    OFF-MARKET
    Land

    3 90Th Ave, Eyota, MN 55934

    88.14 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 88.14 ac (3,839,378 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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