Bill Lieb
Salesperson
REALTOR®, GRI.
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
Property Features
Property Type: Land - Farm
Lot Size: 148.34 Acres
Taxes: $4,168
Feature Descriptions
Crop Type: Beans, Corn
Days on Site: 10
Development Status: Raw Land
Farm Type: Crop
Land Inclusions: For Sale Sign
Lot Dimensions: irregular
Topography: Gently Rolling, Level
Utilities: None Connected Available
Local Schools
School District: United South Central
Listed By / Shown By
Listed By
Agency Name: Weiss Realty LLC
Agency Phone: 715-672-4444
Shown By
Agent Name: Bill Lieb
Agent Phone: (763) 360-0878
Agency Title: Counselor Realty
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Estimated Payment
$ 9,329.87 per month $8,515.87 Principal & Interest $347.33 Property Tax $466.67 Homeowner's InsuranceChange Payment Information
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Tbd 540th Avenue | MLS# 7154649
This land located at Tbd 540th Avenue, Wells, MN 56097 is currently listed for sale with an asking price of $1,600,000. The property has approximately 148.34 Acres. Tbd 540th Avenue is located within the United South Central school district. Search Wells real estate on blieb.counselorrealty.com today.