Movoto Real Estate

tbd 540th Ave, Wells, MN 56097

$1,600,000
•
  • —

    bed

  • —

    bath

  • 148.34

    Acre ($10.7K/Acre)

Lot/Land for sale 13 hours

About tbd 540th Ave

Property type Lot/Land
HOA fee $0/month
Lot size 148.34 Acre
Movoto estimate
Property description
Highly productive income-producing farm available in Faribault County. Approximately 148 +/- total GIS acres of straight, income producing land that maintains a Productivity Index Rating of 88.3. Much of this property is gently rolling, has a straight layout, and includes a large amount of pattern tiling. This would be an excellent property for someone looking to add to their existing farming operation for the 2027 growing season as the current rent contract expires after 2026 harvest. If you are looking to develop your farming operation, invest back into land as part of a 10-31 tax exchange, or are simply in the market for farmland as a long-term investment, look no further! *135 +/- acres of high-quality tillable ground *88.3 Productivity Index Rating supporting dependable yields and long-term investment value *Yearly rent income of $40,000; current rent contract expires after 2026 harvest or 12-31-2026 *Available to be farmed for the 2027 growing season *Great addition to any farming operation *Exceptional option to complete a 10-31 tax exchange *4 miles from Wells and Minnesota Lake
Listed by
Listing Agent - Andrew Larson
Listing Office - Weiss Realty LLC
Source: Northstar MLS mls logo
MLS#7154649 • last updated 13 hours ago
Movoto checked Northstar MLS for data 5 minutes ago
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Overview
MLS # 7154649
Type Land
Property Tax 4168
Tax Assessment 4168
Foreclosure (Y/N) No
Short Sale (Y/N) No
Amenities / Utilities
Irrigation Source Other
Location
County Faribault
High School District United South Central
APN 130240200
Zoning Agriculture
Lot/ Land Details
Road Frontage County Road, Paved Streets, Township, Unpaved Streets
Present Use Yearly
Cultivated Area 135
Road Responsibility Public Maintained Road
Development Status Raw Land
Improvements Other
Crop Type Beans, Corn
Farm Type Crop
Crop Acres 5
Soil Type Loam
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