For Sale: Blooming Prairie MLS# 6813621
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Property Description
This exceptional 71 +/- acre property in southeastern Minnesota offers an outstanding combination of productive farmland, steady income, and prime location. Of the total acreage, approximately 69.5 +/- acres are tillable, featuring a CPI of 60. The land is well-suited for row crop production and includes drainage ditches that provide an efficient outlet for water management, helping to maintain consistent yields year after year.
Situated just south of Owatonna and west of Blooming Prairie, this farm enjoys easy access on two sides from well-maintained blacktop roads, ensuring convenient entry for equipment and excellent visibility. The cropland will be open to farm or lease in 2026, offering flexibility for both owner-operators and investors alike.
A valuable highlight of this property is the windmill lease, which generates $7, 900 in annual payments with a built-in 2.5% annual escalator, ensuring growing returns over time. Combined with the current cropland lease, the property produces over $25, 100 in total annual income, making it a truly high-performing, cash-flowing investment.
With its mix of productive farmland, strong income streams, and accessible location, this tract presents an excellent opportunity for the savvy investor or expanding operator. Don’t miss the chance to own a premier piece of southeastern Minnesota farmland with long-term earning potential and exceptional return on investment.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$709,000
Property Type:
Lot/Land
City:
Blooming Prairie
County:
Steele
State:
MN
Property Style:
Lot/Land
Zip Code:
55917
Lot & Land
Acres:
71
Geolocation:
43.917421, -93.128189
Inclusions:
None
Lot Dimensions:
1328 ft x 2653 ft x 565 ft x 575 ft x 805 ft x 2101 ft
Restrictions:
None
Zoning:
- Agriculture
- Business/Commercial
Farm
Topography:
Gently Rolling
Schools
School District:
756
District Phone:
507-583-4426
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$4,552
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,552
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Raw Land
Improvements:
None
Available Utilities:
- None Available
- None Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of LandProz Real Estate, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.