For Sale: Wells MLS# 7154649
Active
NEW!
$1,600,000
Farm: Other
148.34 acres
United South Central schools
MLS# 7154649
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Property Description
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
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,600,000
Property Type:
Farm
City:
Wells
County:
Faribault
State:
MN
Property Style:
Other
Zip Code:
56097
Exterior
Road Responsibility:
Public Maintained Road
Road Frontage:
- County Road
- Paved Streets
- Township
- Unpaved Streets
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
148.34
Geolocation:
43.8009186159, -93.7835341398
Inclusions:
For Sale Sign
Lot Dimensions:
Irregular
Restrictions:
Open
Zoning:
Agriculture
Farm
Farm Type:
Crop
Soil Type:
Loam
Agricultural Water:
Other
Crop Type:
Beans, Corn
Crop Acres:
5
Tillable Acres:
134
Topography:
Gently Rolling, Level
Schools
School District:
2134
District Phone:
5075533134
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$4,168
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,168
Association Fee Required:
No
Association Fee:
None
Taxable Acres:
148
Miscellaneous
Development Status:
Raw Land
Improvements:
Other
Available Utilities:
- None Connected
- Other Available
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Weiss Realty LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.