$1,300,000
$1,300,000
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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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