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TBD Highway 218 Bypass, Owatonna, MN 55060

New Listing

$1,942,375

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https://wellcomemat.com/embed/574i20e814f11mlsp?mls=1

Property Type: Land Lot Size (sq. ft.): 6,768,788 Status: Active

Current Price: $1,942,375 List Date: 6/11/2026 Last Modified: 6/11/2026

Overview

Description

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 p ... (Read more) 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.

Listing Details MLS# 7090164

General Property Information

Comp Sale YN: No
Development: No
Drainage: Excellent
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: No
Waterfront YN: No
Yearly/Seasonal: Yearly
Zoning: Agriculture
Lot Dimensions: 2625x2595
Acres: 155.39
Assessment Pending: No
Association Fee: 0

Property Features

Available Utilities: Electricity Available; None Connected Crop Type: Beans; Corn Development Status: Raw Land Improvements: None Land Inclusions: Topographic Map Property SubType: Acreage; Agricultural Land; Recreational Road Frontage: Highway; Paved Streets Road Responsibility: Public Maintained Road Sale Options: Sell Entirely Soil Type: Loam Topography: Level

Contract Information

Contingency: None
Original List Price: 1942375
ListPrice: 1942375
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: TBD
Street Name: Highway 218
Street Suffix: Bypass
Postal City: Owatonna
County: Steele
State: MN
Zip Code: 55060

Acreage Information

Taxable Acres: 155
Tillable Acres: 144

Assessments

Tax With Assessments: 10628
Assessment Balance: 0

More Information

Builder Information

Builder Restrictions: Open

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 19
Section#: 8
Township#: 106

Office/Member Info

Association: SEMR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: NW1/4 EX.RR
Listing City: Owatonna
Map Page: 999
Municipality: Owatonna
School District: Owatonna
School District Phone: 507-444-8610
Zip Plus 4: 6552
Property ID Number: 040084000
Tax Year: 2025
Tax Amount: 10628
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: From Hwy 14 by Owatonna, Travel south on hwy 218, farm is in 4 miles at the field drive and sign. Stradles the highway

Crop Type

Beans: Yes
Corn: Yes

Development Status

Raw Land: Yes

Insurance Fee

Insurance Fee: 0

Restriction/Covenants

None: Yes

Road Frontage

Highway: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Sale Options

Sell Entirely: Yes

Soil Type

Loam: Yes

Topography

Level: Yes

Available Utilities

Electricity Available: Yes
None Connected: Yes

Improvements

None: Yes

Land Inclusions

Topographic Map: Yes

Property SubType

Acreage: Yes
Agricultural Land: Yes
Recreational: Yes

Documents

terrain report.pdf ›

tilemap.jpg.pdf ›

Tile map smal triangle.jpg.pdf ›

Tile map hodgman.jpg.pdf ›

disclosures.pdf ›

tax info.pdf ›

ParcelReport-040084000.pdf ›

Listing Office: Midwest Home and Farm Realty

Last Updated: June - 11 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.