TBD Tract 1 224th Street, Lake Crystal, MN 56055

$1,815,405
Property Type: Land Lot Size (sq. ft.): 7,124,238 Status: Closed
Current Price: $1,815,405 List Date: 10/18/2024 Last Modified: 2/16/2025

Description

Premier Farmland in Butternut Valley Township, Blue Earth County, Minnesota Attention all prospective buyers! This is a rare opportunity to acquire a prime tract of agricultural land located in the picturesque Butternut Valley Township of Blue Earth County, Minnesota. **Key Features:** **Exceptional Soil Quality:** This property boasts a Crop Productivity Index (CPI) of 95.5, showcasing its excellent agricultural potential. The soils are primarily Nicollet loan soils, known for their fertility and productivity. **Water Management:** The land benefits from efficient tile drainage systems leading into County Judicial Ditch 36, ensuring optimal moisture management for your crops. **Heritage & Longevity:** This farm has been lovingly owned by the same family for over 120 years, a testament to its quality and the legacy of stewardship. **Current Usage:** Soil tests conducted in 2022 are available for review, providing valuable insight into the land's condition and capabilities. Planned fall tillage for the 2024 season will further enhance the soil for the next planting cycle. **Rental Potential:** The land will be open for rent starting in 2025. Past rental income has been robust, with previous agreements yielding $275 per acre. **Future Development Opportunities:** New info 12.24.204 see map and email. There is potential for one development per quarter quarter, subject to county zoning regulations. Interested parties should review the email from county zoning for details. **Auction Details:** **Auction Ends:** January 8, 2025, around 10 AM via AuctionCast online **Sold As-Is:** This property is being sold as-is, with no contingencies. **Closing Date:** Close on or before February 14, 2025. Don’t miss your chance to own a piece of history and a premier farming opportunity in Blue Earth County. This is an investment in land and legacy that is sure to yield returns for generations to come! For more information see supplements!

More Information MLS# 6619860

Contract Information

Auction Type: Reserve Owner is an Agent?: No Auction?: Yes Status: Closed Off Market Date: 2025-01-13 Contingency: None Current Price: $1,815,405 Closed Date: 2025-02-14 Original List Price: 1 Sales Close Price: 1815405 ListPrice: 1 List Date: 2024-10-18

Office/Member Info

Association: SEMR

General Property Information

Comp Sale YN: No Development: No Drainage: Tile Is Buyers Premium: Yes Lot Measurement: Acres Multiple PIDs?: No Plat Recorded: No Yearly/Seasonal: Yearly Zoning: Agriculture Lot Dimensions: 2606x2688 Acres: 163.55 Association Fee: 0 Assessment Pending: Unknown

Location, Tax and Other Information

AssocFeeYN: No Map Page: 999 Municipality: Butternut Valley Twp School District Phone: 507-726-2323 Zip Plus 4: 5618 Property ID Number: R310601100005 Tax Year: 2024 Tax Amount: 7959 In Foreclosure?: No Potential Short Sale?: No Lender Owned?: No Auctioneer License: 20-20-25

Directions & Remarks

Directions: From Mankato, MN take US 169 south for 3.4 miles and turn right onto MN-68 towards Minnehaha Park, go 10 miles and turn left onto 503rd Ave, in .5 miles turn right onto 224th Street at Jerusalum Cemetary the destinations are on the right in 1/2 a mile.

Acreage Information

Taxable Acres: 163 Tillable Acres: 151.89 Wooded Acres: 6

Assessments

Assessment Balance: 0 Tax With Assessments: 8062

Builder Information

Builder Restrictions: Open

Crop Type

Beans: 1 Corn: 1

Development Status

Raw Land: 1

Farm Type

Crop: 1

Fencing

Wire: 1

Financing Terms

Cash: 1

Insurance Fee

Insurance Fee: 0

Lease Details

Land Leased: Not Applicable

Lot Description

Corner Lot: 1

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 29 Section#: 1 Township#: 108

Restriction/Covenants

Easements: 1

Road Frontage

County Road: 1 Township: 1

Road Responsibility

Public Maintained Road: 1

Sale Options

Sell Entirely: 1

Sellers Terms

Cash: 1 Conventional: 1

Soil Type

Loam: 1

Topography

Level: 1

Available Utilities

Electricity Available: 1 None Connected: 1 Phone Available: 1

Improvements

Fence: 1

Land Inclusions

None: 1

Location Tax and Other Information

House Number: TBD Tract 1 Street Name: 224th Street Suffix: Street Postal City: Lake Crystal County: Blue Earth State: MN Zip Code: 56055

Property Features

Available Utilities: Electricity Available; None Connected; Phone Available Crop Type: Beans; Corn Development Status: Raw Land Farm Type: Crop Fencing: Wire Financing Terms: Cash Improvements: Fence Land Inclusions: None Lot Description: Corner Lot Road Frontage: County Road; Township Road Responsibility: Public Maintained Road Sale Options: Sell Entirely Sellers Terms: Cash; Conventional Soil Type: Loam Topography: Level
Listing Office: LandProz Real Estate, LLC
IDX
Last Updated: February - 16 - 2025
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.