Income-Producing Farmland With Rural Residential Possibilities
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Summary
Property
- Type
- Farms, Recreational Land, Hunting Land
- Road Frontage
- Township Road
- Road Surface
- Dirt
Land Details
- Tillable
- Pond
Approximate Distances
| 2 mi | to Cokato |
| 30 mi | to West Metro |
Utilities
| Electric: | Nearby |
| Cable: | Nearby |
| Telephone: | Nearby |
Description
Whether you’re looking to expand your current acres that you operate, looking for that quiet country acreage to build your dream home on with additional acres, or just looking to invest in a property that provides a consistent return with the upside of possible rural development, this may be the opportunity that you’ve been looking for.
Located minutes south of Cokato in Stockholm Township, this property has a solid rental agreement for 2023 as it historically has from its agreed to 48 tillable acres. The average CPI for the tillable soils is 71.6, but just over 40% of the soils are at a 90+ CPI (26% with a 98), with an additional 15% of the soils at an 84 CPI. In short, it has good-producing soils and an excellent rental income (specific rental information is available).
The 2023 taxes are $1,502 for the year and are already in a “non-homestead” status. The property receives “Green Acres” preferential tax treatment/reductions in taxable value that can be transferred directly to a new buyer and continued.
The added upside of the property, whether in the short or long term, is that it lies within the “Rural Residential” future land use area of the township. This realistic possibility of rezoning per the plan would allow for up to 5 lots to be developed. Keep in mind there are possibilities of just rezoning so that you have your building lot and utilize the remaining acreage to your specific needs and the option of looking to develop a PUD (planned unit development) for a higher number of lots. All of which, if an interest, the sellers are willing to work with a buyer.
From a development standpoint, the potential loss wouldn’t just be flat but rolling mostly in nature. When I toured the property, they would all have a great backyard view of the wetland complex to the east, which was full of ducks and geese.
There is so much more, but please, look at all the photos and maps and click the “Full Screen” tab on the upper left-hand side of this listing's home page to see the interactive map. As always, give me a shout, and we can discuss the property in greater detail and go over any questions you may have!
Details
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Just over 46 FSA tillable acres
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Good productive soils
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Over 2.6% ROI after taxes based on 2023 numbers and listing price
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Realistic potential for rezoning to rural residential
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Up to 5 large lots can be developed as part of rezoning
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Less than an hour from the west metro
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Rolling topography with wildlife in the back yard
Other
Coordinates
45.0625, -94.1977
Annual Taxes
$1,502
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
Buyer’s agents must be identified on the first contact with Broker/Agents and must accompany the buyer on showings to receive full fee participation. Otherwise, the fee participation will be at the sole discretion of the Broker and Whitetail Properties Real Estate, LLC.
