Listing #12352
634.2 Acres, Pleasant Valley Township,
Mower County, MN
Listing Updated: 8/2/2024
Listing Status: SOLD
Location:
From the cemetery north of Dexter, travel 1.25 miles east and turn left on 687th Ave. Continue northeasterly parallel to Interstate 90 for approximately .75 mile until it curves north and becomes 690th Avenue. Travel north on 690th street at the intersection of 290th Street to arrive at the south parcel. The north parcel is located one mile further north at the intersection of 290th street. Both parcels lie on the west side of 690th Avenue.
Legal Description:
E1/2 Section 30 & S1/2 Section 31, Township 104 North, Range 15 West
General Information:
Here’s an opportunity to add a large tract to your operation or investment portfolio. Located in the heart of Mower County, MN, this farm features exceptionally productive soils and excellent profit potential. Eight wind turbines on the property enhance the return on investment! The 37,000 bushel grain bin on the south parcel is six years old. Both parcels have direct access to hard surfaced roads with Interstate 90 just a few miles away!
FSA Cropland Acres: 611.59
CSR: 94.4
Seller is offering this property for sale contingent upon identifying suitable replacment property to execute a 1031 exchange. Seller will entertain offers on the subject in whole or in part. Buyer will be expected to make total earnest money deposits equalling 10% of the agreed price upon seller’s identification of replacement property and to close within 30 days. Possession at closing subject to crop share lease expiring 2/28/2025.
List Price:
$ 8,561,700 ($13,500/acre)
Terms:
10% down payment upon Seller’s ID of 1031 property. Balance due at settlement.
Settlement within 45 days of 1031 replacement identification, or other date mutually agreeable to parties. Possession at closing subject to crop share lease expiring 2/28/2025.
Documents
NOTE: The property information provided was acquired from sources believed to be reliable, however, AgCentric Farm Agency, LLC., makes no guarantees to its accuracy. The farm is being sold as-is, where-is, with no guarantees either expressed or implied. AgCentric Farm Agency LLC. is Agent for the Seller.