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$1,600,000

0 Beds 0 Baths 0 SQFT 148.34 Acres
Type: Land

TBD 540th Avenue
Wells, MN 56097

MLS#: 7154649
Kirsten Tappe-Heveron
Kirsten Tappe-Heveron
The Real Estate Advantage
Realtor
Phone: 651.788.5223
Office: 651.272.4688
Presented by: Weiss Realty LLC

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! *134 +/- FSA tillable acres *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


 

Interior Features

Other Interior Features

Basement (Y/N)No

General

Additional Parcels Y/NNo
CityWells
ContingencyNone
CountyFaribault
Development StatusRaw Land
DirectionsFrom Minnesota Lake, follow MN-22 South for 4 miles to 540th avenue, property is on both sides of MN-22.
Farm TypeCrop
HOANo
HOA Fee$0
High School DistrictUnited South Central
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
PostalCityWells
Property TypeLand
RestrictionsOpen
Standard StatusActive
Tax Annual Amount$4,168
Tax Year2026
TopographyGently Rolling, Level
UtilitiesNone Connected, Other Available
Zoning DescriptionAgriculture

Exterior

Cultivated Area134 sqft
InclusionsFor Sale Sign
Lot Dimensionsirregular
Lot Size Area148 sqft
Road Frontage TypeCounty Road, Paved Streets, Township, Unpaved Streets
Road ResponsibilityPublic Maintained Road
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$1,600,000

0 Beds 0 Baths 0 SQFT 148.34 Acres
Type: Land

TBD 540th Avenue
Wells, MN 56097

MLS#: 7154649
Kirsten Tappe-Heveron
Kirsten Tappe-Heveron
The Real Estate Advantage
Realtor
Phone: 651.788.5223
Office: 651.272.4688