For Sale: Blooming Prairie MLS# 6799122
Active
NEW!
$270,000
Lot/Land: Lot/Land
27.27 acres
Blooming Prairie schools
MLS# 6799122
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Property Description
Opportunity awaits with this 27.27+/- acre tract in Steele County, Minnesota. Conveniently located between Owatonna and Blooming Prairie, this property is currently enrolled in the Conservation Reserve Program (CRP) until September 30, 2026. The existing CRP contract provides an annual payment of $8, 969, offering great inceom. With an impressive CPI rating of 85.6, this land has strong agricultural potential. You could re-enroll the land or put the land back into production after the contract is complete if desired.
For farmers, this is a chance to expand their operation with quality soils ready to return to production in the near future. For investors, it’s a rare opportunity to acquire a smaller-sized parcel that generates dependable income. The property also qualifies as an excellent candidate for a 1031 exchange, making it a versatile investment choice.
Beyond the financial and agricultural appeal, the property also offers recreational enjoyment. The current habitat makes for productive pheasant hunting, and the owners note they’ve enjoyed seeing wildlife throughout the seasons. Pieces like this—manageable in size, income-producing, and well-situated—are hard to come by. Whether you’re seeking to diversify your portfolio, lock in CRP income, or plan for future row crop production, this property offers multiple pathways for value. Just a short drive from Owatonna.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$270,000
Property Type:
Lot/Land
City:
Blooming Prairie
County:
Steele
State:
MN
Property Style:
Lot/Land
Zip Code:
55917
Lot & Land
Acres:
27.27
Geolocation:
43.927006, -93.148385
Inclusions:
None
Lot Dimensions:
0
Restrictions:
None
Zoning:
Agriculture
Farm
Crop Acres:
27.0000
Topography:
Gently Rolling, Meadow
Schools
School District:
756
District Phone:
507-583-4426
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,290
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,290
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 Whitetail Properties Real Estate.
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.