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xxxx 240th Street, Dexter, MN 55926

$3,728,803

Property Type: Land Lot Size (sq. ft.): 13,274,910 Status: Closed

Current Price: $3,728,803 List Date: 3/21/2025 Last Modified: 7/19/2025

Overview

Description

This Mower County tract of land checks all the boxes you are seeking in a highly productive farm. The parcel is contiguous. The South boundary adjoins I-90 and field access is on 240th Street one mile West of Dexter. The land features pattern drain tile installed throughout the entire parcel. Drainage documentation , Soil maps, Tillable maps are available by contacting the Listing Broker. The land has been farmed by a conservation minded neighbor and is well maintained. Drainage ways, buffers and drain tile are in excellent condition. Large contiguous tract, efficient to operate and interior access road into the property. The Dexter area has excellent soil with this farm having a Crop Productivity Index rating of 92.5. Class A soils, excellent drainage, well maintained conservation improvements and soil biology have this farm ready to produce high yields. Xcel Energy Wind Turbine lease on the property generates additional income.

Listing Details MLS# 6689450

General Property Information

Comp Sale YN: No
Development: No
Lot Measurement: Acres
Multiple PIDs?: Yes
Plat Recorded: No
Yearly/Seasonal: Yearly
Zoning: Agriculture
Lot Dimensions: Irregular
Acres: 304.75
Association Fee: 0

Property Features

Available Utilities: Electricity Available; None Connected Crop Type: Beans; Corn Development Status: Raw Land Farm Type: Crop Financing Terms: Cash Improvements: None Land Inclusions: Easements Property SubType: Agricultural Land Road Frontage: Township Sale Options: Sell Entirely Soil Type: Loam Topography: Gently Rolling; Level

Contract Information

Off Market Date: 2025-04-29
Contingency: None
Closed Date: 2025-07-15
Original List Price: 4516000
Sales Close Price: 3728803
ListPrice: 4516000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: xxxx
Street Name: 240th Street
Postal City: Dexter
County: Mower
State: MN
Zip Code: 55926

Acreage Information

Taxable Acres: 304
Tillable Acres: 282.7

Additional Parcels Information

Property ID #2: 020260041
Property ID #3: 050270025,050270060

More Information

Builder Information

Builder Restrictions: Open

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 16
Section#: 26-27
Township#: 103

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

AssocFeeYN: No
Fire Number: South
Legal Description: Section 26 Township 103 Range 016 N1/2 W OF HWY EXC 18AC IN N1/2 NE1/4 DO
Listing City: Dexter
Map Page: 999
Municipality: Dexter Twp
School District: Southland
School District Phone: 507-582-3283
Property ID Number: 050260015
Tax Year: 2025
Tax Amount: 115532
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This Mower County tract of land checks all the boxes you are seeking in a highly productive farm. The parcel is contiguous. The South boundary adjoins I-90 and field access is on 240th Street one mile West of Dexter. The land features pattern drain tile installed throughout the entire parcel. Drainage documentation , Soil maps, Tillable maps are available by contacting the Listing Broker. The land has been farmed by a conservation minded neighbor and is well maintained. Drainage ways, buffers and drain tile are in excellent condition. Large contiguous tract, efficient to operate and interior access road into the property. The Dexter area has excellent soil with this farm having a Crop Productivity Index rating of 92.5. Class A soils, excellent drainage, well maintained conservation improvements and soil biology have this farm ready to produce high yields. Xcel Energy Wind Turbine lease on the property generates additional income.
Directions: From I90 at Dexter exit, North to United Farmers Bank turn left on 245 Ave, curve left onto 669th and follow until 669th curves right (West) onto 240th St West to 660Th Street. Access is South of 240th Street on Wind Turbine access road.

Assessments

Assessment Balance: 0
Tax With Assessments: 0

Crop Type

Beans: Yes
Corn: Yes

Development Status

Raw Land: Yes

Farm Type

Crop: Yes

Financing Terms

Cash: Yes

Insurance Fee

Insurance Fee: 0

Restriction/Covenants

Easements: Yes
Easements-Utility: Yes

Road Frontage

Township: Yes

Sale Options

Sell Entirely: Yes

Soil Type

Loam: Yes

Topography

Gently Rolling: Yes
Level: Yes

Available Utilities

Electricity Available: Yes
None Connected: Yes

Improvements

None: Yes

Land Inclusions

Easements: Yes

Property SubType

Agricultural Land: Yes

Listing Office: Land Vista LLC.

Last Updated: July - 19 - 2025

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