TBD 540th Avenue Wells, MN $ 1,600,000
TBD 540th Avenue
$ 1,600,000
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TBD 540th Avenue

Wells, MN, 56097
$ 1,600,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 11,051

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Lots and Land for sale in Wells, MN

for $1,600,000. The lot size is 148.34.

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

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Lots and Land Active

Price

$ 1,600,000

Property Type

Lots and Land

Taxes

$ 4,168

Style

Lot Size

148.34

Town/City

Wells

County/Region

Faribault

MLS | Web ID

7154649

Features
General
Utilities None Connected Other Available
Development Status Raw Land
HOA Fee 0
Topography Gently Rolling Level
Tax Year 2026
County Faribault
Property Type Land
HOA N
Contingency None
Directions From Minnesota Lake follow MN-22 South for 4 miles to 540th avenue property is on both sides of MN-22.
City Wells
High School District United South Central
Zoning Description Agriculture
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 4168
Additional Parcels Y/N N
Standard Status Active
Restrictions Open
Lender Owned No
Farm Type Crop
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Exterior
Inclusions For Sale Sign
Lot Size Area 148.34
Lot Dimensions irregular
Waterfront Y/N N
Road Frontage Type County Road Paved Streets Township Unpaved Streets
Cultivated Area 134
Road Responsibility Public Maintained Road
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Interior
Basement (Y/N) N
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* Excluded Features
List By
Weiss Realty Llc

Broker

andrewlarson@weisschoice.com

Email

Affordability Calculator

$11,398
Per Month
97%
3%
0%
Monthly Principal & Interest
$11,051
Monthly Property Taxes
$347
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.
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Nearby
1608669 Elementary School
1608670 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/3/2026$1,600,000 Listed Price

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TBD 540th Avenue, Wells, MN, 56097 is a Lots and Land for sale at $1,600,000 with a lot size of 148.34. TBD 540th Avenue has 0.0 baths. The property's zip code is 56097 which is in Wells, MN