2 224Th St, Lake Crystal, MN 56055
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
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
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Property description
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No recorded transactions found for this property.
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Risks
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