Stearns County, MN

80 Acres Irrigated Land with Development Potential

County Road 118 & 420th Street
Saint Stephen, MN 56375

80 Acres M/L
$880,000

Listing #16568

Contact

Michelle Weinzetl
763.300.5055
Michelle@PeoplesCompany.com
View Agent's Listings

PROPERTY INFO

Description

Peoples Company is pleased to present this diverse investment opportunity: 80 acres m/l approximately one mile from the city limits of St. Stephen, MN. This tract offers 76 acres of prime irrigated cropland carrying a CPI of 82. This tract lies adjacent to a subdivision featuring five acre wooded lots in close proximity to St. Stephen. Accessible from County Highway 2, County Highway 118, and 420th Street, this tract could offer a beautiful spot to build your dream home. In the northeast corner, you will find roughly five acres that are heavily wooded and offers great whitetail hunting and desirable habitat for turkey and pheasants. The seller is willing to subdivide the 80 acres if there is a buyer interested in a smaller tract. Additionally, the current tenant is willing to lease back the land for those looking for a hands off investment opportunity. So if it's land to develop, farm, invest in, or build on, this opportunity is worth checking out! Prime 1031 exchange property with upside potential capturing capabilities.

Legal Description

P.I.D # 04019390020
DIST:0403 CITY:BROCKWAY SEC/TWN/RNG/MER:SEC 12 TWN 126 RNG 029 80.00 A. S2SW4
*Complete legal to be verified by Title Company.

Sign On Property: Yes
Parcel Number: R-04019390020
Gross Taxes: $1,294.00
Terms: Cash, Conventional, Contract for Deed

Directions

From Saint Stephen follow highway 2 North for approximately 1.5 miles to 420th Street. The land is located on the northwest corner of the intersection of County Road 2 and 420th Street. Watch for Peoples Company signs!

Improvements

Irrigated Land

INTERACTIVE MAP

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