BUILD A HOME | KW Realities - Logo

TBD Highway 218, Owatonna, MN 55060

$1,942,375
Property Type: Land Lot Size (sq. ft.): 6,768,788 Status: Active
Current Price: $1,942,375 List Date: 6/11/2026 Last Modified: 6/17/2026

Overview

Description

155.4-Acre High-Productivity Tiled Farmland for Sale - Steele County, Minnesota Prime Agricultural Investment | Near Claremont Ethanol Plant | 1031 Exchange Eligible | Estimated $300/Acre Cash Rent Potential This 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 operator for over 55 years, reflecting pride of 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 an ...

Listing Details MLS# 7090164

General Property Information

Comp Sale YN
No
Development
No
Drainage
Excellent
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
No
Waterfront YN
No
Yearly/Seasonal
Yearly
Zoning
Agriculture
Lot Dimensions
2625x2595
Acres
155.39
Assessment Pending
No
Association Fee
0

Property Features

Available Utilities: Electricity Available; None Connected Crop Type: Beans; Corn Development Status: Raw Land Improvements: None Land Inclusions: Topographic Map Property SubType: Acreage; Agricultural Land; Recreational Road Frontage: Highway; Paved Streets Road Responsibility: Public Maintained Road Sale Options: Sell Entirely Soil Type: Loam Topography: Level

Contract Information

Contingency
None
Original List Price
1942375
ListPrice
1942375
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
TBD
Street Name
Highway 218
Postal City
Owatonna
County
Steele
State
MN
Zip Code
55060

Acreage Information

Taxable Acres
155
Tillable Acres
144

Assessments

Tax With Assessments
10628
Assessment Balance
0

More Information

Builder Information

Builder Restrictions
Open

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
19
Section#
8
Township#
106

Office/Member Info

Association
SEMR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
NW1/4 EX.RR
Listing City
Owatonna
Map Page
999
Municipality
Owatonna
School District
Owatonna
School District Phone
507-444-8610
Zip Plus 4
6552
Property ID Number
040084000
Tax Year
2025
Tax Amount
10628
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
155.4-Acre High-Productivity Tiled Farmland for Sale - Steele County, Minnesota Prime Agricultural Investment | Near Claremont Ethanol Plant | 1031 Exchange Eligible | Estimated $300/Acre Cash Rent Potential This 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 operator for over 55 years, reflecting pride of 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 consistant operator (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 investment in the heart of Minnesota's fertile farmland belt. Whether you are an investor, 1031 exchanger, or expanding farm operator, this property offers proven cash flow, strong fundamentals, and future appreciation potential in a stable U.S. ag market. Detailed soil maps, topography data, full drainage tile plans are available.
Directions
From Hwy 14 by Owatonna, Travel south on hwy 218, farm is in 4 miles at the field drive and sign. Stradles the highway

Crop Type

Beans
Yes
Corn
Yes

Development Status

Raw Land
Yes

Insurance Fee

Insurance Fee
0

Restriction/Covenants

None
Yes

Road Frontage

Highway
Yes
Paved Streets
Yes

Road Responsibility

Public Maintained Road
Yes

Sale Options

Sell Entirely
Yes

Soil Type

Loam
Yes

Topography

Level
Yes

Available Utilities

Electricity Available
Yes
None Connected
Yes

Improvements

None
Yes

Land Inclusions

Topographic Map
Yes

Property SubType

Acreage
Yes
Agricultural Land
Yes
Recreational
Yes

Documents

View Document terrain report.pdf ›
View Document tilemap.jpg.pdf ›
View Document Tile map smal triangle.jpg.pdf ›
View Document Tile map hodgman.jpg.pdf ›
View Document disclosures.pdf ›
View Document tax info.pdf ›
View Document ParcelReport-040084000.pdf ›
View Document MN147_F3891_T1715.pdf ›
View Document William Hartle_156EZ_Redacted.pdf ›
View Document William Hartle_Producer Print_2026_Redac ›
View Document William Hartle_902_Redacted.pdf ›
IDX
Listing Office: Midwest Home and Farm Realty
Last Updated: June - 17 - 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.
Search powered by FBS Products
Longest Open House

🚪🔑 Join the 66-Hour Longest Open House! Learn More →

Starts in :

00
Days
00
Hours
00
Minutes
00
Seconds
Learn More
Go