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MLS: #7154649, Listed By: Andrew Larson, Weiss Realty LLC, Source:FargoMoorhead Area Association of REALTORS

TBD 540th Avenue

Wells, MN 56097
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Acres148.34

Acres(Lot)

Highly productive income-producing farm available in Faribault County. Approximately 148 +/- total GIS acres of straight, income producing land that maintains a Productivity Index Rating of 88.3. Much of this property is gently rolling, has a straight layout, and includes a large amount of pattern tiling. This would be an excellent property for someone looking to add to their existing farming operation for the 2027 growing season as the current rent contract expires after 2026 harvest. If you are looking to develop your farming operation, invest back into land as part of a 10-31 tax exchange, or are simply in the market for farmland as a long-term investment, look no further! *134 +/- FSA tillable acres *88.3 Productivity Index Rating supporting dependable yields and long-term investment value *Yearly rent income of $40,000; current rent contract expires after 2026 harvest or 12-31-2026 *Available to be farmed for the 2027 growing season *Great addition to any farming operation *Exceptional option to complete a 10-31 tax exchange *4 miles from Wells and Minnesota Lake

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Detail Ic Property Details

Property Type : Land

Price : $1,600,000

AD Id : 91649545

MLS Id : 7154649

Lot Size : 148.34 Acres(Lot)

Tax Amount : $4,168

County : Faribault

  • Map Map

Map

Feature Features

  • Lot Information

    Lot Dimensions: irregular Main Square Feet: 148.34 Acres Lot Size Acres: 148.34 Lot Size Square Feet: 6461690.4 Lot Description: Level, Rolling Slope

  • Listing Price Information

    Listing Price: $1600000 Cash, Conventional

  • Tax Information

    Parcel Number: 130240200 Tax Year: 2026 Annual Tax: $4168 Tax Legal Desc: S24/T104/R025 approximately 148.34 +/- acres see attached legal description

  • Location Information

    Direction: From Minnesota Lake, follow MN-22 South for 4 miles to 540th avenue, property is on both sides of MN-22.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
L1 B1 Business Park Add.., Wells, MN, 56097 $23,186 -- -- -- 1.83 Acres(Lot)
L2 B2 Business Park Add.., Wells, MN, 56097 $38,281 -- -- -- 3.07 Acres(Lot)
TBD 9th Avenue, Wells, MN, 56097 $40,000 -- -- -- 0.45 Acre(Lot)
L1 B3 South Industrial .., Wells, MN, 56097 $15,000 -- -- -- 0.90 Acre(Lot)
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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 10/11/2026 @ 10:07

MLS: 7154649 LISTED BY: Andrew Larson, Weiss Realty LLC 715-672-4444 SOURCE: FargoMoorhead Area Association of REALTORS

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