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    OFF-MARKET
    Land

    2 224Th St, Lake Crystal, MN 56055

    82.92 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional 82.92-acre farmland in Blue Earth County, Minnesota, is available via auction closing January 8, 2025. Located in Butternut Valley and Judson Townships, this property boasts a remarkable Crop Productivity Index (CPI) of 95.4, thanks to its fertile Webster clay loam soils. Efficient tile drainage, leading into County Judicial Ditch 36, ensures optimal moisture management. Soil tests from 2022 are available for review, and planned fall tillage for 2024 will further enhance soil quality. This land has been under the same family's stewardship for over 120 years, a testament to its enduring value. Rental income potential is significant, with past agreements yielding $275 per acre, and rental opportunities will begin in 2025. The property is zoned for agriculture, with potential for future development (subject to county zoning regulations

    Property profile
    Verified
    Property type Land
    Lot 82.92 ac (3,611,995 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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