Pending

$1,825,000

23710 State Highway 55, Loretto, MN 55357

--beds

--baths

74Acres

$11,115/mo

Get pre-qualified

Unimproved Land

Built in ----

74 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Old World Charm Meets New World Tech! Long term lease in place with Solar company on back 40 acres until fall of 2042. There is the possibility for 2, 5-year extensions to the lease term. Generous annual lease payment. 25 tillable acres, outbuildings and lovely 3 Bedroom 1 1/2 Bath Ranch style home all can provide additional rental income. Home business opportunity for construction company needing extra space? Solid 2 story barn could make wonderful destination event center.

126 days
51
1

Facts & features

Interior

Features

Has basement: No

Property

Parking

Parking features: Garage
Has garage: Yes

Features

Fencing: Wood

Lot

Size: 74 Acres
Features: Irregular Lot, Suitable for Horses, Tillable, Tree Coverage - Light
Topography: Gently Rolling,High Ground,Solar Oriented

Details

Additional structures: Garage(s), Barn(s), Grain Storage, Shed(s), Pole Building, Silo
Parcel number: 3111923320001
Zoning description: Other
Wooded area: 130680

Utilities & green energy

Electric: Power Company: Xcel Energy
Utilities for property: Electricity Available, Electricity Connected, Natural Gas Connected, Private Septic Connected, Private Well Connected

Community & HOA

Community

Features: No

HOA

Has HOA: No

Location

Region: Loretto

Financial & listing details

Tax assessed value: $1,847,500
Annual tax amount: $35,565
Date on market: 4/30/2026
Inclusions: Easements, For Sale Sign
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,799/mo

Price history

Date	Event	Price
7/31/2026	Pending sale	$1,825,000
Source: NorthstarMLS as distributed by MLS GRID #7046548 Report a problem
4/30/2026	Listed for sale	$1,825,000+14.1%
Source: NorthstarMLS as distributed by MLS GRID #7046586 Report a problem
6/1/2016	Listing removed	$1,600,000
Source: Coldwell Banker Burnet - Wayzata #4568196 Report a problem
3/5/2015	Listed for sale	$1,600,000+33.3%
Source: Coldwell Banker Burnet - Wayzata #4568196 Report a problem
9/24/2013	Listing removed	$1,200,000
Source: Coldwell Banker Burnet - Minneapolis Lakes #4412648 Report a problem
9/17/2013	Listed for sale	$1,200,000-70.7%
Source: Coldwell Banker Burnet - Minneapolis Lakes #4412648 Report a problem
4/11/2005	Sold	$4,100,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$26,616 +12.7%	$1,847,500 +13.5%
2024	$23,623 +2.4%	$1,627,300 +8.9%
2023	$23,076 +2.2%	$1,494,000 +5.8%
2022	$22,581 +15.7%	$1,412,400 +12.3%
2021	$19,519 -5.1%	$1,257,500 +136%
2020	$20,565 +5.4%	$532,900 -6.1%
2019	$19,519 -5.1%	$567,800 -0.6%
2018	$20,565 +87.9%	$571,000 -60%
2017	$10,944 -5.5%	$1,428,000 +1.1%
2016	$11,586 -1.4%	$1,412,000 +0.6%
2015	$11,755 +22.3%	$1,404,000 +17.3%
2014	$9,610 -54.3%	$1,197,000 -25.8%
2013	$21,044 -8.3%	$1,613,000 -13.7%
2012	$22,943 -4.1%	$1,868,000 -8.6%
2011	$23,930 -18.7%	$2,044,000 -23.4%
2010	$29,432 -6.3%	$2,667,000 -11.6%
2009	$31,412 +193.6%	$3,017,600 +210.9%
2006	$10,700 +73.8%	$970,700 +17.1%
2005	$6,157 +98.8%	$829,100 +135.1%
2004	$3,098 +3.5%	$352,600 +6.4%
2002	$2,993 -54.5%	$331,500
2001	$6,572	--