$576,000
Off-Market Date: 05/23/2026TBD 34th Avenue Somerset Twp, MN 55060
Pending MLS# 7062229
61.92 Acres Lot/Land
Details for TBD 34th Avenue
MLS# 7062229
Description for TBD 34th Avenue, Somerset Twp, MN, 55060
Steele County MN farmland for sale – This highly productive 61.92 deeded-acre row crop property in Somerset Township (T106N, R20W) offers investors and farm operators an outstanding opportunity in one of southern Minnesota’s top agricultural counties. With a weighted average Corn Productivity Index (CPI) of 84.0, excellent soil mix, existing drainage improvements, and current cash rent of $250 per acre, this land delivers strong cash flow and long-term appreciation potential.Property Highlights - Total Acres: 61.92 deeded acres - Listing Price: $9,300 per acre ? Total $576,000 - Current Cash Rent: 58 acres rented at $250/acre (open contract for 2027 – buyer can assume, renegotiate, or farm themselves) - 2025 Property Taxes: $4,098 - Soil Productivity: Weighted CPI 84.0 – exceptional for Steele County row crop ground - Topography: Gently rolling to nearly level terrain (elevations 1,260–1,306 ft, mean 1,279 ft) with good field access road already installed on the northeast side - Drainage: Prior tiling in place (maps and photos available) plus naturally well-to-moderately drained soils; minimal additional tiling investment needed Detailed Soil Breakdown (from NRCS/Terrain Report) The farm features a productive mix of high-CPI soils ideal for corn and soybeans: - Reedslake-Le Sueur complex (CPI 98) – 13.7 acres - Webster clay loam (CPI 93) – 13.1 acres - Lester loam variants (CPI 76–67) - Glencoe clay loam (CPI 86), Klossner (CPI 77), Hayden loam (CPI 71–85), and minor inclusions Overall weighted CPI: 84.0 – proven high-yield performance year after year.Financial Snapshot for Investors & Operators - Gross rental income potential: ~$14,500/year at current $250/acre rate - Low carrying costs (taxes ˜ $66/acre) - Strong cash-on-cash return potential at the $9,300/acre asking price - Assessed market value (2026) already at $650,400, showing built-in equity Located in Somerset Township, Steele County, Minnesota – just minutes from Owatonna. Excellent road access, close to major grain markets, elevators, and infrastructure. Steele County is renowned for its rich glacial soils, consistent rainfall, and strong demand for high-CPI row crop land.Whether you are a cash-rent investor, active row-crop operator, or looking to expand your Minnesota farmland portfolio, this property checks every box: proven productivity, immediate income, low taxes, and room for value-add improvements.. Keywords for buyers searching: Steele County Minnesota farmland for sale, row crop land for sale MN, high CPI farmland Steele County, cash rent farmland investment, Somerset Township ag land, Minnesota cropland with tile, 60-acre farm for sale near Owatonna.This is turn-key, income-producing row crop ground priced to move. Don’t miss this rare opportunity in one of Minnesota’s most productive ag counties!
Listing Information
Property Type: Lot/Land, Farm
Status: Pending
Lot Size: 61.92 Acres
County: Steele
Days On Market: 27
School Information
District: 761 - Owatonna
Utilities
Other Utilities: Electricity Available,None Connected
Exterior / Lot Features
Lot Dimensions: 1331x2650
Farm Type: Crop
Crop Type: Beans,Corn
Zoning: Agriculture
Topography: Gently Rolling, Level
Additional Exterior/Lot Features: Raw Land, Land Inclusions - None
Tillable Acres: 58.00
Driving Directions
Head south on N Cedar St toward downtown, turn left onto E Main St, then right onto SE 18th Ave. Continue southeast on county roads to SE 34th Ave. Destination on right (~5-7 min drive)
Financial Considerations
Covenants/Deed Restrictions: Easements-Road/Right of Way
Tax/Property ID: 050361100
Tax Amount: 2854
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Midwest Home and Farm Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Sales History & Tax Summary for TBD 34th Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby TBD 34th Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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