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MLS: #7090164, Listed By: Jennifer Busch, Midwest Home and Farm Realty, Source:FargoMoorhead Area Association of REALTORS

TBD Highway 218 St

Owatonna, MN 55060
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Acres155.39

Acres(Lot)

155.4-Acre High-Productivity Tiled Farmland for Sale - Steele County, Minnesota Prime Agricultural Investment | Near Claremont Ethanol Plant | 1031 Exchange Eligible | Estimated $300/Acre Cash Rent Potential This is a rare opportunity to acquire a turnkey, income-producing Minnesota farm with exceptional soil quality, extensive drainage infrastructure, and strong local grain marketing advantages. Located in Aurora Township, Steele County (Section 8, T106N R19W), this 155.4-acre property (Parcel #04-008-4000, NW¼ EX-RR) has been under the dedicated care of the same owner for over 55 years, reflecting pride of ownership and consistent stewardship. Superior Soil Productivity (CPI 91.4 Weighted Average): Among the highest in the region. Major soil types include Webster clay loam (40.9 acres) , Glencoe clay loam (40.6 acres), Nicollet clay loam (29.4 acres), and Clarion loams - classic, high-yielding southern Minnesota soils ideal for corn, soybeans, and other row crops. Excellent yield potential and long-term soil health. Extensive Drain Tile Infrastructure: The land features comprehensive drainage improvements. Historical maps from Hodgman Drainage Company (detailed 1990s installations) show thousands of feet of 4", 5", and 6" tile lines that effectively manage these naturally heavier (poorly to somewhat poorly drained) soils, maximizing tillable acres and reliability in Minnesota's climate. Full tile maps available for review. Favorable Topography & High Usability: Gently rolling to level terrain (elevations 1,211-1,246 ft, mean ~1,229 ft) with modern equipment-friendly slopes. Minimal wetlands (only 1.34 acres per National Wetland Inventory) - the vast majority is highly tillable cropland. Strong Cash-Flow Potential: Estimated market cash rent of $300 per acre supports approximately $46,500+ in annual gross rental income. Steele County and surrounding south-central Minnesota farmland commands premium rents for quality tiled ground due to strong tenant demand and proven productivity. Strategic Location Near Claremont Ethanol Plant: Conveniently positioned with excellent proximity to the Al-Corn Clean Fuel ethanol plant in nearby Claremont, MN. This provides local grain buyers, shorter hauling distances, lower transportation costs, and enhanced marketing flexibility - a major operational and economic advantage for both owner-operators and absentee investors. 1031 Tax-Deferred Exchange Opportunity: Seller is seeking to relinquish this property for a replacement opportunity. Additional Investment Highlights: Long-term family ownership (55+ years) ensures the property has been well-maintained with investments in drainage and soil care. Clean, productive asset with minimal improvements beyond excellent drainage and soil base - ready for your plans or continued rental. in one of America's most reliable agricultural regions. Coordinates: Approx. 44.0045°N, 93.1413°W - easy to locate on mapping platforms. This is a low-management, high-performing agricultural real estate investment in the heart of Minnesota's fertile farmland belt. Whether you are an investor, 1031 exchanger, or expanding farm operator, this property offers proven cash flow, strong fundamentals, and future appreciation potential in a stable U.S. ag market. Detailed soil maps, topography data, full drainage tile plans are available.

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Detail Ic Property Details

Property Type : Land

Price : $1,942,375

AD Id : 83835974

MLS Id : 7090164

Lot Size : 155.39 Acres(Lot)

County : Steele

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  • Lot Information

    Lot Dimensions: 2625x2595 Main Square Feet: 155.39 Acres Lot Size Acres: 155.39 Lot Size Square Feet: 6768788.4 Lot Description: Level

  • Listing Price Information

    Listing Price: $1942375

  • Tax Information

    Parcel Number: 040084000 Annual Tax: $10628

  • Utility Information

    Electricity Available
  • Location Information

    Direction: From Hwy 14 by Owatonna, Travel south on hwy 218, farm is in 4 miles at the field drive and sign. Stradles the highway
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/12/2026 @ 13:51

MLS: 7090164 LISTED BY: Jennifer Busch, Midwest Home and Farm Realty 507-923-7657 SOURCE: FargoMoorhead Area Association of REALTORS

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