Beaver Twp, MN 55951,xxxx State Hwy 56
Beaver Twp, MN 55951,xxxx State Hwy 56
Beaver Twp, MN 55951,xxxx State Hwy 56
Beaver Twp, MN 55951,xxxx State Hwy 56
Beaver Twp, MN 55951,xxxx State Hwy 56
Beaver Twp, MN 55951,xxxx State Hwy 56
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$1,300,000

$1,300,000

Est.Price: ?

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Est. payment /mo

160 Acres Lot


SOLD DATE : 06/01/2023

Key Details

Sold Price $1,300,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 6359973

Sold Date 06/01/23

Annual Tax Amount $5,474

Tax Year 2022

Lot Size 160.000 Acres

Acres 160.0

Property Description

This property is a promising opportunity for farmers looking to expand their operations or an investor looking to diversify their investment portfolio. The property includes 115 acres with an average CPI of 83.5 that is currently being farmed, and an additional 26+ acres enrolled in the Conservation Reserve Program (CRP), which provides additional solid income and is enrolled until 9/30/3030. The property's location is advantageous, as it is conveniently situated just half a mile from Chester, Iowa, and 10 miles to Spring Valley. The property can be accessed from both the north and south directions, making transportation and logistics efficient for farming operations. This property would be a great option for anyone looking to complete a 1031 exchange. There is a current rental contract that runs until 2/28/2025. The land has a gentle rolling terrain which provides good drainage. Hwy 56 runs along the south portion with two field approaches and the north property line is a gravel road

Location

State MN

County Fillmore

Zoning Agriculture

Interior

Fireplace No

Exterior

Utilities Available None Connected, None Available

Schools

School District Leroy-Ostrander

Others

Restrictions None

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Listed by Robert Stalberger • Whitetail Properties Real
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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