TBD Highway 218
Owatonna, MN, 55060 $ 1,624,250
Bedrooms-- Baths0.0 Monthly Estimate*
$ 11,218
for $1,624,250. The lot size is 129.94.
129.94 Acre survey just completed! High-Productivity Tiled Farmland for Sale - Steele County, Minnesota (West Side of 218, that 19.36 acres (of the original 150) is pending under contract) 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 130.4-acre property (subject to survey and split) 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, Glencoe clay loam, Nicollet clay loam, 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 at 124.85 acres supports approximately $37,455+/- 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.
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FeaturesGeneralUtilities Electricity Available None Connected
Development Status Raw Land
HOA Fee 0
Topography Level
Tax Year 2025
County Steele
Property Type Land
HOA N
Contingency None
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
City Owatonna
High School District Owatonna
Zoning Description Agriculture
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 10628
Additional Parcels Y/N N
Virtual Tour https://wellcomemat.com/embed/574ic4b3af691mo67?mls=1
Standard Status Pending
Restrictions Open
Lender Owned No
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ExteriorInclusions Topographic Map
Lot Size Area 129.94
Lot Dimensions 2625x2595
Waterfront Y/N N
Road Frontage Type Paved Streets Highway
Cultivated Area 124.85
Road Responsibility Public Maintained Road
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* Excluded FeaturesList ByMidwest Home And Farm RealtyBroker
jen@midwesthome.farmEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,218
- Monthly Property Taxes
- $886
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Owatonna, MN
Average List Price $208,402
Percent of Sale Price 87%
About Owatonna, MN 25,733 Population
13% Since 2002
$ 56,594 Median Income
38.9 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
708449 Elementary School
708755 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/19/2026 | $1,624,250 | -0.35% | Price Down |
| 6/27/2026 | $1,629,875 | -16.09% | Price Down |
| 6/11/2026 | $1,942,375 | | Listed Price |