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 thismanageable in size, income-producing, and well-situatedare 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.
![NorthstarMLS] logo](https://static.boomtownroi.com/content/photos/northstar/idx/idx-large.gif)
Listing courtesy of Whitetail Properties Real Estate.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 thismanageable in size, income-producing, and well-situatedare 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.
IDX data © 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Realty Integrity Lakes are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Keller Williams Realty Integrity Lakes is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Keller Williams Realty Integrity Lakes, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2026-03-06T00:22:07.883.
Click here for Digital Millennium Copyright Act