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$ 1,600,000
Est. payment /mo
New
TBD 540th AVE Wells, MN 56097
148.34 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7154649
Annual Tax Amount $4,168
Tax Year 2026
Contingent None
Lot Size 148.340 Acres
Lot Dimensions irregular
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
*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
Location
State MN
County Faribault
Zoning Agriculture
Interior
Inclusions For Sale Sign
Fireplace No
Exterior
Utilities Available None Connected, Other Available
Schools
School District United South Central
Others
Restrictions Open
Listed by Andrew Larson • Weiss Realty LLC
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