74182 115Th St, Le Roy, MN 55951
This 50-acre Mower County, Minnesota property, located at 74182 115th Street, Le Roy, MN 55951, presents a unique investment opportunity combining agricultural and commercial potential. The asking price is $1,055,000, translating to $381 per acre. The property includes a 1-story, 3-bedroom, 2-bathroom rambler-style home built in 1969 and significantly updated around 2012 with new siding, carpeting, windows, furnace, and air conditioning. The home boasts a master bedroom with a walk-in closet and the convenience of two laundry rooms. Extensive agricultural infrastructure is in place, including six grain bins totaling 84,500 bushels, two grain legs, a grain dryer, a pole shed, Quonset shops, and an insulated shop with a concrete floor. Natural gas lines service the entire property. The 50-acre lot is zoned for Agriculture and Residential-Single Family use, offering pasture land, a building site, and additional cropland. The property's proximity to Highway 56 enhances its accessibility and logistical advantages. This well-maintained farm headquarters is ideal for a thriving agricultural operation, with the added potential for retail development given its commercial zoning. The property's APN is 090300010. The home features forced-air heating and central air conditioning, along with ceiling fans. A two-car garage is also included.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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Property description
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