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Active
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$789,000
/mo   Edit
MLS# 5252059
Lot/Land
120 acres
Glencoe-Silver Lake schools
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    Description:   Great tillable parcel located S. of Brownton. 120 total acres with approx. 116.8 FSA tillable acres. Average soil CPI rating of just over 88 with approx. 73% of the soils rating in at 90 or above. Some existing tile in place with intakes. Outlet into the county ditch on the N property line which also provides sufficient outlet for any future tiling if desired. Current rental agreement for 2019 provides just under $21, 000 in net income after current property taxes. Crops for 2019 include corn and soybeans. Whether looking to add to your current operation or strictly an investment or 1031 exchange, this is a great property!
    List Price: $789,000
    Price/sq ft: None
    Property Type: Lot/Land
    Listing Status: Active
    Contingency: None
    Property Style: Lot/Land
    City: Penn Twp
    Zip Code: 55312

    Exterior

    Road Frontage: Township

    Lot

    Acres: 120
    Crop Type: Corn, Beans
    Front Dimensions: 3960
    Land Inclusions: Other
    Left Dimensions: 1320
    Latitude: 44.70147200
    Longitude: -94.35458200
    Plat Recorded: N
    Restrictions/Covenants: None
    Right Dimensions: 1320
    Soil Type: Loam
    Tillable Acres: 116.800
    Topography: Level
    Zoning: Agriculture

    Schools

    School District: 2859 - Glencoe-Silver Lake
    District Phone: 320-864-2498

    Financial & Taxes

    Association Fee: None
    Tax Year: 2019
    Annual Taxes: $5,350
    Assessment Pending: No
    Taxes w/ Assessments: $5,350

    Miscellaneous

    Development Status: Raw Land
    Improvements: Other
    Available Utilities: Electric
    On-Site Utilities: None

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    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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