Fillmore County
Solid Farmland Just North Of The Iowa Border
State Highway 56, Lot#WP001 Le Roy, MN 55951
Description
This property is a promising opportunity for farmers looking to expand their operations or an investor looking to diversify their investment portfolio. The property includes 115 acres with an average CPI of 83.5 that is currently being farmed and an additional 26+ acres enrolled in the Conservation Reserve Program (CRP), which provides additional solid income and is enrolled until 9/30/3030.
The property's location is advantageous, as it is conveniently situated just half a mile from Chester, Iowa, and 10 miles from Spring Valley. The property can be accessed from north and south directions, making transportation and logistics efficient for farming operations.
This property would be an excellent option for anyone looking to complete a 1031 exchange. There is a current rental contract that runs until 2/28/2025.
The land has a gently rolling terrain which provides good drainage. Highway 56 runs along the south portion with two field approaches, and the north property line is a gravel township road with multiple field approaches.
Give Bob a call to schedule your private showing.
Summary
Address
Land Type
Property Type
Land and Farm Property Types
Road Frontage
Road Surface
Land Details
Improvements/Features
Details
- 115 acres currently being farmed
- Average CPI 83.5
- 26 +/- acres in CRP – solid income through 9/30/3030
- Good slope for drainage
- Access from north and south
- Asphalt and gravel road access
- Less than ½ mile to the Iowa border
- Great addition to any farming operation
- Solid 1031 Exchange option
- Seller request 7 days to review any offers
Other
Coordinates
Annual Taxes
Sold Property
For more information or to see additional properties currently for sale see Bob Stalberger's listings.