120.67 Acres in Paynesville, MN - $330,000

Located on the outskirts of Paynesville, this primarily tillable property not only provides income in the short term, but has some very good long term development investment potential. The property is currently located in the urban expansion zoned area. Total current income from the property comes in at approximately $9,675 provided by the tillable rent, CRP and two billboards on the north side of the property. There are approximately 87 acres of land currently tillable with 15 approximate acres in CRP through 2018 and 12.99 acres in CRP through 2027. From a hunting opportunity standpoint, the property is primarily tillable ground but with its proximity to the Crow River corridor, there is the chance to catch deer and turkeys utilizing the crop fields for food or the CRP for travel routes. You may also see some pheasants on this farm. I witnessed a large group of turkeys just over on the adjacent property. So whether you’re looking to add to your farming operation, a straight income producing property with potential future development returns or both, give me a call and I’d love to talk more specifics about this great property!

Property Features:

- Income producing property

- Great location for potential future development return

- Located in the urban expansion zoning area

- Close proximity to the new Hwy 23 bypass