Steele County
27+ Acres Of Quality Farmland Currently Less Than One Year Remaining In CRP
TBD 44th Avenue SE Blooming Prairie, MN 55917
Description
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, it’s 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 they’ve enjoyed seeing wildlife throughout the seasons. Pieces like this—manageable in size, income-producing, and well-situated—are hard to come by. Whether you’re 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.
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- Current CRP contract providing $8969/yr income - current contract end 9/30/2026
- 27 acres tillable Avg CPI 85.6
- Great option for a 1031 exchange
- Excellent addition for any farming operation
- Pheasant hunting
- Solid investment option for anyone looking to diversify their portfolio
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For more information or to see additional properties currently for sale see Bob Stalberger's listings.