TBD 40th Street SW, Rochester, MN 55902

$2,325,000
Property Type: Land Lot Size (sq. ft.): 6,534,000 Status: Closed
Current Price: $2,325,000 List Date: 2/02/2024 Last Modified: 6/03/2025

Overview

Description

In SW Rochester sits this great investment property for future land development. Bordering the Hart Farms subdivision to the west lies a good 150 acre farm with city streets boarding the property for future land development. The property currently is being farmed and offers 135.89 +/- acres tillable. There is good access to this farm off of 40th Street SW / County Road 117 SW a hard surface road. Property can be split up into 5 Acre and 35 acre parcel for building sites or held for future land development down the road.

Listing Details MLS# 6343960

General Property Information

Comp Sale YN
No
Development
No
Drainage
Good
Lot Measurement
Acres
Multiple PIDs?
Yes
Plat Recorded
No
Yearly/Seasonal
Yearly
Zoning
Agriculture
Lot Dimensions
2230x2625x2625x1540x400x1066
Acres
150
Association Fee
0

Property Features

Available Utilities: None Connected Crop Type: Beans; Corn Development Status: Raw Land Farm Type: Crop Financing Terms: Cash Improvements: None Land Inclusions: None Lock Box Type: None Lot Description: Tillable; Tree Coverage - Light Property SubType: Agricultural Land; Development Road Frontage: County Road Sale Options: Sell Entirely Soil Type: Loam Topography: Gently Rolling

Contract Information

Off Market Date
2024-04-24
Contingency
None
Closed Date
2024-08-16
Original List Price
3200000
Sales Close Price
2325000
ListPrice
3200000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
TBD
Street Name
40th
Street Suffix
Street
Street Direction Suffix
SW
Postal City
Rochester
County
Olmsted
State
MN
Zip Code
55902

Acreage Information

Taxable Acres
150
Tillable Acres
135.89
Wooded Acres
14

Additional Parcels Information

Property ID #2
642142050324

More Information

Assessments

Tax With Assessments
8108
Assessment Balance
0

Builder Information

Builder Restrictions
Open

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
14
Section#
21
Township#
106

Office/Member Info

Association
SEMR
MLSID
RMLS

Location, Tax and Other Information

AssocFeeYN
No
Elementary School
Bamber Valley
High School
Mayo
Listing City
Rochester
Map Page
999
Middle School
Willow Creek
Municipality
Rochester Twp
Rental License?
No
School District
Rochester
School District Phone
507-328-3000
Zip Plus 4
9526
Property ID Number
642144041902
Tax Year
2022
Tax Amount
8108
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
In SW Rochester sits this great investment property for future land development. Bordering the Hart Farms subdivision to the west lies a good 150 acre farm with city streets boarding the property for future land development. The property currently is being farmed and offers 135.89 +/- acres tillable. There is good access to this farm off of 40th Street SW / County Road 117 SW a hard surface road. Property can be split up into 5 Acre and 35 acre parcel for building sites or held for future land development down the road.
Directions
From Hwy 63; go West up 40th Street SW. Property will be just past Hart Farms Subdivision on North side of road.

Crop Type

Beans
Yes
Corn
Yes

Development Status

Raw Land
Yes

Farm Type

Crop
Yes

Financing Terms

Cash
Yes

Insurance Fee

Insurance Fee
0

Lock Box Type

None
Yes

Lot Description

Tillable
Yes
Tree Coverage - Light
Yes

Restriction/Covenants

None
Yes

Road Frontage

County Road
Yes

Sale Options

Sell Entirely
Yes

Soil Type

Loam
Yes

Topography

Gently Rolling
Yes

Available Utilities

None Connected
Yes

Improvements

None
Yes

Land Inclusions

None
Yes

Property SubType

Agricultural Land
Yes
Development
Yes
Listing Office: Tony Montgomery Realty & Auction
IDX
Last Updated: June - 03 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.