Listing #17854 - 149.89 acres in MN

Olmsted County, MN
149.89 Acres M/L

County Road 3 SW
Stewartville, MN 55976

Price	$2,098,500
Listing	#17854

LAND AGENT

Tim Gangl

Office: 515.222.1347
Mobile: 507.254.1976
Tim.Gangl@PeoplesCompany.com

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Description

Olmsted County, Minnesota Farmland – Peoples Company is pleased to present 149.89 acres m/l of high-quality Olmsted County, Minnesota farmland. This highly tillable farm located approximately eight miles directly west of Stewartville, Minnesota along the north side of County Road 3 SW contains an estimated 138.46 FSA tillable acres carrying a strong Crop Production Index of 83.8. With the primary soil types including Racine loam, Lawler loam, Clyde silty clay loam, and Floyd silt loam, this substantial parcel is well-positioned to accommodate the large farm equipment used by many of today’s growers. In addition, the farm has been patterned tiled outletting on the northeast corner of the farm (see Attached Tile Map).

This farmland presents an excellent opportunity for investors for a 1031 tax deferred exchange or a substantial addition for any local farmer. Its proximity to Interstate 90 in a tightly held area of Minnesota enhances operational efficiency and provides easy access to major transportation routes and local markets.

Other options are available as well for the farm with the potential for 3 buildable lots and possibly 4 if you were creative with the layout. Don’t miss out on this opportunity to own this prime parcel of farmland situated in the northeast quarter of Section 5 of High Forest Township.

Legal Description

SECT-05 TWP-104N RANGE-015W 149.89 ACRES. NE1/4 SEC 5 LESS TH PT DES AS FOL COM SECOR NE1/4 TH S 89 DEG 31’48”W 832.33FT TO THE POB TH CONT S 89 DEG 31’48”W 573.02FT TH N 00 DEG 04’52”W 738.39FT TH N 16 DEG 20’38”E 84.54FT TH N 46 DEG 42’52”E 46.23FT TH S 88 DEG 16’54”E 338.83FT TH S 20 DEG 49’00”E 346.19FT TH S 13 DEG 02’23”E 199.89FT TH S 01 DEG 45’51”E 318.16FT TO THE POB SEC 5-104-15. (Legal - not to be used on Legal Documents). Exact legal description will come from Title Commitment.

Directions

From Stewartville, travel west on County Rd 6 for approximately 7.6 miles, at that point continue straight where the road turns into County Road 3 and travel approximately 0.7 miles the property will be on the right. It is the second parcel on the right after the road turns into County Road 3. There are no For Sale signs.

Parcel Number: RP 45.05.14.084114
School District: Stewartville Community School District
General Area: West of Stewartville, Minnesota
Gross Taxes: $8,272.00
Soil Productivity: 83.8
Zoning: Agricultural

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