Loretto, MN 55357

$1,825,000
Property Type: Farm Bedrooms: 3 Baths: 2 Square Footage: 2,842 Lot Size (sq. ft.): 74 Status: Active
Current Price: $1,825,000 List Date: 4/30/2026 Last Modified: 5/27/2026

Overview

Description

Old World Charm Meets New World Tech! Long Term Lease in place with Solar company on back 40 acres until fall of 2042. There is the possibility for 2, 5-year extensions to the lease term. Generous annual income payment. 25 tillable acres, outbuildings and lovely 3 Bedroom 1 1/2 Bath Ranch style home all can provide additional rental income. Home business opportunity for construction company needing extra space? Solid 2 story barn could make wonderful destination event center.

Listing Details MLS# 7046586

General Property Information

Common Wall
No
Drainage
Natural Type
House or Land
Includes House
Irrigation System
No
Lot Measurement
Square Feet
Manufactured Home?
No
Multiple PIDs?
No
Waterfront YN
No
Year Built
1970
Yearly/Seasonal
Yearly
Zoning
Other
Bath Full
Yes
Bath Half
Yes
Main Floor Total SqFt
1582
Above Grd Total SqFt
1582
Below Ground SqFt
1260
Lot Size SqFt
74
Style
(SF) Single Family
Total Finished Sqft
1582.00
Total SqFt
2842
FireplaceYN
No
Foundation Size
1260
Lot Dimensions
irregular
Power Company
Xcel Energy
Garage Stalls
4
Assessment Pending
No
Number of Fireplaces
0
Bath Three Quarters
0
Bath Quarter
0

Property Features

Accessible: None Agricultural Water: Well Air Conditioning: Central Air Amenities Unit: Kitchen Window; Main Floor Primary Bedroom; Porch; Tile Floors; Washer/Dryer Hookup Appliances: Dishwasher Available Utilities: Electricity Available; Electricity Connected; Natural Gas Connected; Private Septic Available; Private Septic Connected; Private Well Connected Basement: Concrete Block Bath Description: Main Floor 1/2 Bath; Main Floor Full Bath Construction Materials: Block; Frame Construction Status: Previously Owned Crop Type: Hay/Alfalfa Dining Room Description: Informal Dining Room; Kitchen/Dining Room Disclosures: Septic System; Well Disclosure Electric: 100 Amp Service Existing Financing: Free and Clear Exterior: Brick/Stone; Fiber Board Family Room Characteristics: Family Room; Main Level Farm Type: Beef; Crop; Hobby Fencing: Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Improvements: Paved Streets; Public Road Land Agreements: Other/See Remarks Land Inclusions: Easements; For Sale Sign Laundry: Main Level Livestock Confinement: Cattle Lock Box Type: None Lot Description: Irregular Lot; Suitable for Horses; Tillable; Tree Coverage - Light Outbuildings: Barn(s); Grain Bin; Loafing Shed; Machine Shed; Silo Property SubType: Acreage; Confinement/Livestock; Farm Road Frontage: Paved Streets; State Road Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sale Options: Sell Entirely Sellers Terms: Cash; Conventional Sewer: Septic System Compliant - No Soil Type: Clay; Loam Special Search: 3 BR on One Level; Main Floor Bedroom; Main Floor Laundry Stories: One Surface Water: Stream/Creek Topography: Gently Rolling; High Ground; Solar Oriented Water: 4-Inch Submersible; Well

Contract Information

Contingency
None
Original List Price
1825000
ListPrice
1825000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Loretto
County
Hennepin
State
MN
Zip Code
55357

Acreage Information

Leased Acres
40
Taxable Acres
74
Tillable Acres
25
Wooded Acres
3
All Program Acres
0
CRP Acres
0
Forest Reserve Acres
0
RIM Acres
0

Assessments

Tax With Assessments
35565.08
Assessment Balance
0

More Information

Building Information

Finished SqFt Above Ground
1582

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
50 x 24
Garage Square Feet
1200

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
UNPLATTED 31 119 23 THAT PART OF W 1/2 OF SW 1/4 LYING N OF THE S 379.48 X FT THOF AND THAT PART OF S 379.48 FT OF SW 1/4 OF SW 1/4 LYING E OF W 751.4 FT THOF EXCEPT ROAD
Listing City
Corcoran
Map Page
56
Municipality
Corcoran
School District
Delano
School District Phone
763-972-3365
Property ID Number
tbd
Tax Amount
35565.08
TaxYear
2026
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Old World Charm Meets New World Tech! Long Term Lease in place with Solar company on back 40 acres until fall of 2042. There is the possibility for 2, 5-year extensions to the lease term. Generous annual income payment. 25 tillable acres, outbuildings and lovely 3 Bedroom 1 1/2 Bath Ranch style home all can provide additional rental income. Home business opportunity for construction company needing extra space? Solid 2 story barn could make wonderful destination event center.
Directions
Highway 55, West of the intersection of Hwy 55 and Hennepin County Road 19. Property is on the North side of Hwy 55.

Accessible

None
Yes

Agricultural Water

Well
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Kitchen Window
Yes
Main Floor Primary Bedroom
Yes
Porch
Yes
Tile Floors
Yes
Washer/Dryer Hookup
Yes

Appliances

Dishwasher
Yes

Basement

Concrete Block
Yes

Bath Description

Main Floor 1/2 Bath
Yes
Main Floor Full Bath
Yes

Construction Materials

Block
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Crop Type

Hay/Alfalfa
Yes

Dining Room Description

Informal Dining Room
Yes
Kitchen/Dining Room
Yes

Disclosures

Septic System
Yes
Well Disclosure
Yes

Electric

100 Amp Service
Yes

Existing Financing

Free and Clear
Yes

Exterior

Brick/Stone
Yes
Fiber Board
Yes

Family Room Characteristics

Family Room
Yes
Main Level
Yes

Farm Type

Beef
Yes
Crop
Yes
Hobby
Yes

Fencing

Wood
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Laundry

Main Level
Yes

Lock Box Type

None
Yes

Lot Description

Irregular Lot
Yes
Suitable for Horses
Yes
Tillable
Yes
Tree Coverage - Light
Yes

Outbuildings

Barn(s)
Yes
Grain Bin
Yes
Loafing Shed
Yes
Machine Shed
Yes
Silo
Yes

Patio, Porch and Deck Features

Porch
Yes
Side Porch
Yes

Road Frontage

Paved Streets
Yes
State Road
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes
Asphalt Shingles
Yes
Pitched
Yes

Sale Options

Sell Entirely
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

Septic System Compliant - No
Yes

Soil Type

Clay
Yes
Loam
Yes

Special Search

3 BR on One Level
Yes
Main Floor Bedroom
Yes
Main Floor Laundry
Yes

Stories

One
Yes

Topography

Gently Rolling
Yes
High Ground
Yes
Solar Oriented
Yes

Water

4-Inch Submersible
Yes
Well
Yes

Available Utilities

Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Private Septic Available
Yes
Private Septic Connected
Yes
Private Well Connected
Yes

Improvements

Paved Streets
Yes
Public Road
Yes

Land Agreements

Other/See Remarks
Yes

Land Inclusions

Easements
Yes
For Sale Sign
Yes

Livestock Confinement

Cattle
Yes

Property SubType

Acreage
Yes
Confinement/Livestock
Yes
Farm
Yes

Surface Water

Stream/Creek
Yes

Room Information

Room Name Dimensions Level
Amusement Room Lower
Family Room 22 x 14 Main
(1st) Bedroom 12 x 11.6 Main
Informal Dining Room 11 x 9 Main
Kitchen 11 x 9 Main
Laundry Main
Living Room 17 x 13 Main
Porch Main
(2nd) Bedroom 13.6 x 9 Main
(3rd) Bedroom 10.6 x 10 Main

Documents

IDX
Listing Office: Coldwell Banker Realty
Last Updated: May - 27 - 2026
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.

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