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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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Tbd 44th Avenue Se, Blooming Prairie, MN 55917
$260,000
LOT SIZE 27.270 acres
MLS# 6799122
STATUS: Active
PROPERTY TYPE: Land - Farm
SCHOOL: Blooming Prairie
Property Description
Opportunity awaits with this 27.27+/- acre tract in Steele County, Minnesota. Conveniently located between Owatonna and Blooming Prairie, this property is currently enrolled in the Conservation Reserve Program (CRP) until September 30, 2026. The existing CRP contract provides an annual payment of $8,969, offering great inceom. With an impressive CPI rating of 85.6, this land has strong agricultural potential. You could re-enroll the land or put the land back into production after the contract is complete if desired. For farmers, this is a chance to expand their operation with quality soils ready to return to production in the near future. For investors, it's a rare opportunity to acquire a smaller-sized parcel that generates dependable income. The property also qualifies as an excellent candidate for a 1031 exchange, making it a versatile investment choice. Beyond the financial and agricultural appeal, the property also offers recreational enjoyment. The current habitat makes for productive pheasant hunting, and the owners note they've enjoyed seeing wildlife throughout the seasons. Pieces like this?manageable in size, income-producing, and well-situated?are hard to come by. Whether you're seeking to diversify your portfolio, lock in CRP income, or plan for future row crop production, this property offers multiple pathways for value. Just a short drive from Owatonna.
Property Features
Property Type: Land - Farm Lot Size: 27.27 Acres Taxes: $1,290
Feature Descriptions
Days on Site: 193
Development Status: Raw Land
Topography: Gently Rolling, Meadow
Utilities: None Available Connected
Local Schools
School District: Blooming Prairie
Listed By / Shown By
Agency Name: Whitetail Properties Real Estate
Agency Phone: 217-285-9000
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Estimated Payment
$ 1,567.16 per month
$1,383.83 Principal & Interest
$107.50 Property Tax
$75.83 Homeowner's Insurance
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Tbd 44th Avenue Se, Blooming Prairie, MN 55917.
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Tbd 44th Avenue Se | MLS# 6799122
This land located at Tbd 44th Avenue Se, Blooming Prairie, MN 55917 is currently listed for sale with an asking price of $260,000. The property has approximately 27.27 Acres. Tbd 44th Avenue Se is located within the Blooming Prairie school district. Search Blooming Prairie real estate on nanderson.counselorrealty.com today.