Sold
Income Producing CRP Farm With Productive Soils Near Oklee
Acreage
210 ±
County
Pennington
SOLD
Address Highway 23, Lot#WP001 Oklee, MN 56742
View on Google MapsDescription
Are you looking for a good investment opportunity in future farm grounds or acres to add to your current farm portfolio? If so, you need to give this property a hard look. This land is located just north of Oklee, MN, and SE of Thief River Falls. The majority of the acreage is currently enrolled in the CRP program and will expire in the fall of 2024, and has two payments left on the contract. The current payment is about $40/acre annually. There were 50 +/- acres that came out of the program this past fall and are eligible to be put back into production this next spring. Current ditching efforts are going on to get the property prepared for this. Just think of future farm ground for half the price of what it sells in this area. The soils are mainly Smiley Loam, Reiner Fine Sandy loam, and peat ground. There are no wetland determinations on the property, and the avg CPI is 57+, but there are 85 +/- acres that avg over 70CPI. There are several well-established ditches on the property, and the CRP grass is as clean as I have seen in a long time, making this a straightforward effort to prepare for planting crops. This property has added recreational opportunities and building possibilities— an excellent option for a 1031 exchange. Call today for more info.
Summary
Land Type
Hunting and Recreational, Ranch and Farm
Property Type
Farms, Recreational Land, Hunting Land
Land and Farm Property Types
Agriculture - Farm, Land - Hunting, Land - Recreational
Road Frontage
State Highway, County Road
Road Surface
Blacktop/Asphalt, Gravel
Land Details
Pasture, Tillable, Enrolled in Government Program, Grass, Hay, Open
Improvements/Features
Small Game, Big Game, Upland Game, Predators
Other Property Details
Coordinates
47.9767, -95.8601
Annual Taxes
$450,000
Sold Property
For more information or to see additional properties currently for sale see Josh Miller's listings.