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  • $380,000

    118th St SE, Blooming Prairie, MN 55917

    --beds
    --baths
    40Acres
    Unimproved Land
    Built in 1890
    40 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    Not available

    Zestimate® history
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    What's special

    Productive farmland
    This exceptional 40 +/- acre property in southeastern Minnesota offers an outstanding combination of productive farmland, steady income, and prime location. Of the total acreage, approximately 35.23 +/- acres are tillable, featuring a CPI of 60. The land is well-suited for row crop production and includes drainage ditches that provide an efficient outlet for water management, helping to maintain consistent yields year after year. Situated just south of Owatonna and west of Blooming Prairie, this farm enjoys easy access on two sides from well-maintained blacktop roads, ensuring convenient entry for equipment and excellent visibility. The cropland will be open to farm or lease in 2026, offering flexibility for both owner-operators and investors alike. A valuable highlight of this property is the windmill lease, which generates $7,900 in annual payments with a built-in 2.5% annual escalator, ensuring growing returns over time. Combined with the current cropland lease, the property produces over $25,100 in total annual income, making it a truly high-performing, cash-flowing investment. With its mix of productive farmland, strong income streams, and accessible location, this tract presents an excellent opportunity for the savvy investor or expanding operator. Don’t miss the chance to own a premier piece of southeastern Minnesota farmland with long-term earning potential and exceptional return on investment.

    Zillow last checked:

    Listing updated:

    Listed by:

    Brian Haugen 507-701-9585,

    LandProz Real Estate, LLC

    Bought with:

    Brian Haugen

    LandProz Real Estate, LLC

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6813621MLS Logo

    Facts & features

    Interior

    Features
    • Has basement: No

    Property

    Lot
    • Size: 40 Acres
    • Dimensions: 1328 ft x 2653 ft x 565 ft x 575 ft x 805 ft x 2101 ft
    • Topography: Gently Rolling
    Details
    • Parcel number: 010081100
    • Zoning description: Agriculture,Business/Commercial

    Utilities & green energy

    • Utilities for property: None Available, None Connected

    Community & neighborhood

    Community
    • Community features: No
    Location
    • Region: Blooming Prairie

    HOA & financial

    HOA
    • Has HOA: No

    Price history

    DateEventPrice
    4/10/2026Sold$380,000-5%
    Source: NorthstarMLS as distributed by MLS GRID #6813621 Report a problem
    3/6/2026Pending sale$399,900
    Source: NorthstarMLS as distributed by MLS GRID #6813621 Report a problem
    3/2/2026Price change$399,900-43.6%
    Source: NorthstarMLS as distributed by MLS GRID #6813621 Report a problem
    11/4/2025Listed for sale$709,000
    Source: NorthstarMLS as distributed by MLS GRID #6813621 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 55917

    Nearby schools

    GreatSchools rating