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For Sale:  Blooming Prairie MLS# 6813670

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Active NEW!
$799,000
/mo Edit
Lot/Land:  Lot/Land
80 acres
Blooming Prairie schools
MLS# 6813670
763-576-8286
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    Property Description

    This impressive 80 +/- acre property in southeastern Minnesota offers a rare opportunity to own productive farmland with outstanding income potential. Of the total acreage, approximately 75 +/- acres are tillable, boasting a CPI of 67.8. The land is primarily cropland, featuring well-designed drainage ditches that provide an effective outlet for water management, supporting consistent productivity and reliable yields. Perfectly located just south of Owatonna and west of Blooming Prairie, this tract combines agricultural strength with exceptional accessibility. The property has excellent road frontage along a well-maintained blacktop road, ensuring convenient field access for equipment and ease of operation. Adding to its investment appeal, the property includes a windmill lease that generates $7, 900 in annual payments, with a 2.5% annual escalator that guarantees steady income growth year after year. In addition, the cropland is currently leased, contributing to a combined annual income of approximately $26, 850, offering an exceptional cash-flowing investment. The cropland will be open to farm or lease in 2026, giving future owners flexibility to operate or renegotiate terms to maximize returns. This property represents an outstanding opportunity for both farmers and investors seeking stable returns, long-term appreciation, and a well-located piece of Minnesota farmland. With strong soils, reliable drainage, and substantial wind lease income, this is a premium agricultural investment that delivers both productivity and profitability. Don’t miss your chance to own a top-quality tract with proven income and lasting value.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $799,000
    Property Type: Lot/Land
    City: Blooming Prairie
    County: Steele
    State: MN
    Property Style: Lot/Land
    Zip Code: 55917

    Lot & Land

    Acres: 80
    Geolocation: 43.91197, -93.130688
    Inclusions: None
    Lot Dimensions: 2665 ft x 1321 ft x 2665 ft x 1321 ft
    Restrictions: Other
    Zoning: Agriculture

    Farm

    Topography: Gently Rolling

    Schools

    School District: 756
    District Phone: 507-583-4426

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,106
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,106
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Development Status: Raw Land
    Improvements: None
    Available Utilities:
    • None Available
    • None Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    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.