Steele County, Minnesota Land For Sale (6 results)

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 income. 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, its 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 theyve enjoyed seeing wildlife throughout the seasons. Pieces like thismanageable in size, income-producing, and well-situatedare hard to come by. Whether youre 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.Call Bob to schedule your own private showing.

Steele County MN farmland for sale This highly productive 61.92 deeded-acre row crop property in Somerset Township (T106N, R20W) offers investors and farm operators an outstanding opportunity in one of southern Minnesotas top agricultural counties. With a weighted average Corn Productivity Index (CPI) of 84.0, excellent soil mix, existing drainage improvements, and current cash rent of $250 per acre, this land delivers strong cash flow and long-term appreciation potential. Property Highlights - Total Acres: 61.92 deeded acres - Listing Price: $9,300 per acre ? Total $576,000 - Current Cash Rent: 58 acres rented at $250/acre (open contract for 2027 buyer can assume, renegotiate, or farm themselves) - 2025 Property Taxes: $4,098 - Soil Productivity: Weighted CPI 84.0 exceptional for Steele County row crop ground - Topography: Gently rolling to nearly level terrain (elevations 1,2601,306 ft, mean 1,279 ft) with good field access road already installed on the northeast side - Drainage: Prior tiling in place (maps and photos available) plus naturally well-to-moderately drained soils; minimal additional tiling investment needed Detailed Soil Breakdown (from NRCS/Terrain Report) The farm features a productive mix of high-CPI soils ideal for corn and soybeans: - Reedslake-Le Sueur complex (CPI 98) 13.7 acres - Webster clay loam (CPI 93) 13.1 acres - Lester loam variants (CPI 7667) - Glencoe clay loam (CPI 86), Klossner (CPI 77), Hayden loam (CPI 7185), and minor inclusions Overall weighted CPI: 84.0 proven high-yield performance year after year. Financial Snapshot for Investors & Operators - Gross rental income potential: ~$14,500/year at current $250/acre rate - Low carrying costs (taxes $66/acre) - Strong cash-on-cash return potential at the $9,300/acre asking price - Assessed market value (2026) already at $650,400, showing built-in equity Located in Somerset Township, Steele County, Minnesota just minutes from Owatonna. Excellent road access, close to major grain markets, elevators, and infrastructure. Steele County is renowned for its rich glacial soils, consistent rainfall, and strong demand for high-CPI row crop land. Whether you are a cash-rent investor, active row-crop operator, or looking to expand your Minnesota farmland portfolio, this property checks every box: proven productivity, immediate income, low taxes, and room for value-add improvements.. Keywords for buyers searching: Steele County Minnesota farmland for sale, row crop land for sale MN, high CPI farmland Steele County, cash rent farmland investment, Somerset Township ag land, Minnesota cropland with tile, 60-acre farm for sale near Owatonna. This is turn-key, income-producing row crop ground priced to move. Dont miss this rare opportunity in one of Minnesotas most productive ag counties!

PROPERTY DESCRIPTION LandProz is pleased to present the Thimsen Farm property in Steele County, MN. This impressive 80 +/- acre property in southeastern Minnesota offers a rare opportunity to own productive farmland with outstanding income potential. Of the total acreage, approximately 75 +/- acres are tillable, boasting a CPI of 67.8. The land is primarily cropland, featuring well-designed drainage ditches that provide an effective outlet for water management, supporting consistent productivity and reliable yields. Perfectly located just south of Owatonna and west of Blooming Prairie, this tract combines agricultural strength with exceptional accessibility. The property has excellent road frontage along a well-maintained blacktop road, ensuring convenient field access for equipment and ease of operation. Adding to its investment appeal, the property includes a windmill lease that generates $15,800 in annual payments, with a 3% annual escalator that guarantees steady income growth year after year. In addition, the cropland is currently leased, contributing to a combined annual income of approximately $34,750, offering an exceptional cash-flowing investment. The cropland will be open to farm or lease in 2026, giving future owners flexibility to operate or renegotiate terms to maximize returns. This property represents an outstanding opportunity for both farmers and investors seeking stable returns, long-term appreciation, and a well-located piece of Minnesota farmland. With strong soils, reliable drainage, and substantial wind lease income, this is a premium agricultural investment that delivers both productivity and profitability. Dont miss your chance to own a top-quality tract with proven income and lasting value. Please contact LandProz Broker Brian Haugen at 507-208-0791 or LandProz Agent Kelly Bolin at 651-380-2857 for more information regarding this property. PROPERTY FEATURES 80 +/- Deeded acres 75 +/- Tillable acres CPI of 67.8 Majority farmland with drainage ditches for outlet Located in Southeastern MN Excellent location south of Owatonna, west of Blooming Prairie, MN Windmill with payments of $7,900.00 annually Windmill contract has annual escalator of 2.5% Cropland is open to farm or lease in 2026 Great access Excellent investment in farmland with large annual wind payments Over $26,850.00 in current annual income with wind and cropland lease Real Estate Taxes: $4,360

Experience the serenity and space of true country living on this beautiful seven-acre retreat just minutes from town. Bathed in natural light, the thoughtfully appointed home offers a warm, welcoming atmosphere that blends seamlessly with its scenic surroundings. The property is well-equipped for hobby farming or rural living, featuring a wooded pasture (sheep may remain if desired), a 17x11 workshop/chicken coop, a 42x22 sheep shed, and a newer 16x10 storage shed providing exceptional flexibility for animals, equipment, or creative pursuits. Turtle Creek meanders along the north edge of the land, creating a tranquil backdrop where you can unwind to the gentle sounds of flowing water and enjoy frequent visits from deer and wood ducks. Looking for additional living space? The existing tuck-under garage presents excellent potential for future finishing, with the opportunity to construct a new garage near the three-season porch for added accessibility and convenience. Located just over seven minutes from Owatonna High School and offering an easy hard-surface drive to Owatonna or Rochester, this property perfectly balances peaceful rural charm with everyday accessibility. Acreage with water, outbuildings, and room to grow is increasingly rare schedule your private showing today and discover the lifestyle that awaits. Suitable for horses and a variety of hobby farm animals

Tucked away in a peaceful country setting just minutes from Owatonna, this thoughtfully cared-for rambler offers a rare opportunity to step into a home where exceptional care has been taken. With 3 bedrooms, 2 bathrooms, and main-floor laundry, this home welcomes you with a comfortable, functional layout and a sense of warmth the moment you walk through the door. The condition is truly remarkable, offering a level of pride in ownership that is increasingly hard to find. The unfinished basement provides an opportunity to expand the living space and build equity over time. Set on a flat, open acre with immaculate landscaping, the property feels both private and full of possibility, with space to expand, build, or simply enjoy the quiet surroundings. The attached two-car garage adds everyday convenience, while the location offers the perfect balance of country living with quick access to Owatonna, the new high school, and the fairgrounds. Homes like this don t come along often where character, care, and setting come together so effortlessly. A truly special property, ready for its next chapter.

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