xxxx 240th Street, Dexter, MN 55926

$3,728,803
Property Type: Land Lot Size (sq. ft.): 13,274,910 Status: Closed
Current Price: $3,728,803 List Date: 3/21/2025 Last Modified: 7/19/2025

Overview

Description

This Mower County tract of land checks all the boxes you are seeking in a highly productive farm. The parcel is contiguous. The South boundary adjoins I-90 and field access is on 240th Street one mile West of Dexter. The land features pattern drain tile installed throughout the entire parcel. Drainage documentation , Soil maps, Tillable maps are available by contacting the Listing Broker. The land has been farmed by a conservation minded neighbor and is well maintained. Drainage ways, buffers and drain tile are in excellent condition. Large contiguous tract, efficient to operate and interior access road into the property. The Dexter area has excellent soil with this farm having a Crop Productivity Index rating of 92.5. Class A soils, excellent drainage, well maintained conservation improvements and soil biology have this farm ready to produce high yields. Xcel Energy Wind Turbine lease on the property generates additional income.

Listing Details MLS# 6689450

General Property Information

Comp Sale YN
No
Development
No
Lot Measurement
Acres
Multiple PIDs?
Yes
Plat Recorded
No
Yearly/Seasonal
Yearly
Zoning
Agriculture
Lot Dimensions
Irregular
Acres
304.75
Association Fee
0

Property Features

Available Utilities: Electricity Available; None Connected Crop Type: Beans; Corn Development Status: Raw Land Farm Type: Crop Financing Terms: Cash Improvements: None Land Inclusions: Easements Property SubType: Agricultural Land Road Frontage: Township Sale Options: Sell Entirely Soil Type: Loam Topography: Gently Rolling; Level

Contract Information

Off Market Date
2025-04-29
Contingency
None
Closed Date
2025-07-15
Original List Price
4516000
Sales Close Price
3728803
ListPrice
4516000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
xxxx
Street Name
240th Street
Postal City
Dexter
County
Mower
State
MN
Zip Code
55926

Acreage Information

Taxable Acres
304
Tillable Acres
282.7

Additional Parcels Information

Property ID #2
020260041
Property ID #3
050270025,050270060

More Information

Builder Information

Builder Restrictions
Open

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
16
Section#
26-27
Township#
103

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Fire Number
South
Legal Description
Section 26 Township 103 Range 016 N1/2 W OF HWY EXC 18AC IN N1/2 NE1/4 DO
Listing City
Dexter
Map Page
999
Municipality
Dexter Twp
School District
Southland
School District Phone
507-582-3283
Property ID Number
050260015
Tax Year
2025
Tax Amount
115532
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This Mower County tract of land checks all the boxes you are seeking in a highly productive farm. The parcel is contiguous. The South boundary adjoins I-90 and field access is on 240th Street one mile West of Dexter. The land features pattern drain tile installed throughout the entire parcel. Drainage documentation , Soil maps, Tillable maps are available by contacting the Listing Broker. The land has been farmed by a conservation minded neighbor and is well maintained. Drainage ways, buffers and drain tile are in excellent condition. Large contiguous tract, efficient to operate and interior access road into the property. The Dexter area has excellent soil with this farm having a Crop Productivity Index rating of 92.5. Class A soils, excellent drainage, well maintained conservation improvements and soil biology have this farm ready to produce high yields. Xcel Energy Wind Turbine lease on the property generates additional income.
Directions
From I90 at Dexter exit, North to United Farmers Bank turn left on 245 Ave, curve left onto 669th and follow until 669th curves right (West) onto 240th St West to 660Th Street. Access is South of 240th Street on Wind Turbine access road.

Assessments

Assessment Balance
0
Tax With Assessments
0

Crop Type

Beans
Yes
Corn
Yes

Development Status

Raw Land
Yes

Farm Type

Crop
Yes

Financing Terms

Cash
Yes

Insurance Fee

Insurance Fee
0

Restriction/Covenants

Easements
Yes
Easements-Utility
Yes

Road Frontage

Township
Yes

Sale Options

Sell Entirely
Yes

Soil Type

Loam
Yes

Topography

Gently Rolling
Yes
Level
Yes

Available Utilities

Electricity Available
Yes
None Connected
Yes

Improvements

None
Yes

Land Inclusions

Easements
Yes

Property SubType

Agricultural Land
Yes
Listing Office: Land Vista LLC.
IDX
Last Updated: July - 19 - 2025
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