$666,400
$755,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
261.2 Acres Lot
SOLD DATE : 08/30/2024
Key Details
Sold Price $666,400
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6571902
Sold Date 08/30/24
Annual Tax Amount $2,020
Tax Year 2024
Contingent None
Lot Size 261.200 Acres
Acres 261.2
Lot Dimensions 5280x2600
Property Description
Looking to add to your current farm production or make a sound investment in this crazy real estate market? If so, you may want to consider this highly productive tillable farm located 4 miles west of Warroad and Lake of the Woods in Roseau Co. This property offers open tenancy in 2025 and has easy access off State Highway 11 in two different spots. The property provides over a mile of frontage on the heavily traveled road between Roseau and Warroad making it a possible development tract as well. The property boasts highly productive soils and minimal wetlands. The soils mainly consist of Augsburg loam and Warroad fine sandy loam and have an average overall PI of 83.4. The current owner has done significant clearing and ditching making sure the property has adequate drainage. The property was in the CRP program before 2023 and was planted in wheat last year. The property is in the preventive plant program this year but could be put into winter wheat or rye yet this fall. The property is near Lake of the Woods and has many recreational opportunities and also adjoins over 4000 acres of state land to the south. Not only can this be an exceptional income-producing investment property, but one that puts you right in the heart of everything the Lake of the Woods area offers. This property would be an excellent candidate for a 1031 exchange and addition to one's investment portfolio. The property also adjoins the Northern States Power substation to the east which has serious solar activity in the area and has future potential solar income. The potential this property offers is hard to come by in today's market and is one you should consider.
Location
State MN
County Roseau
Zoning Agriculture
Interior
Fireplace No
Exterior
Utilities Available None Connected, Electricity Available
Building
Lot Description Cleared, Property Adjoins Public Land, Tillable
Schools
School District Warroad
Others
Restrictions None
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