Tbd Highway 218, Owatonna, MN 55060

Property Description

155.4-Acre High-Productivity Tiled Farmland for Sale - Steele County, MinnesotaPrime Agricultural Investment | Near Claremont Ethanol Plant | 1031 Exchange Eligible | Estimated $300/Acre Cash Rent PotentialThis 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