Newfolden, MN 56738(Marshall County)

Currently, the property is open for rent, no current contract, providing a potential reliable return on investment for the new owner. This farm is not only an ideal choice for those looking to expand their farming portfolio, but it also offers the potential for a variety of agricultural uses, whether youre interested in leasing the land to local farmers, using it for pasture, or managing the crops yourself.

Dont miss out on this fantastic opportunity to invest in a productive piece of farmland with great income potential! See all supplements.

Please contact LandProz Associate Broker & Realtor Jen Busch at 507-923-7657 for more information regarding this auction.

PROPERTY FEATURES

196.38 +/- Deeded Acres

156 +/- Tillable Acres

CPI of 53.2

Prominent Soil Types: Rosewood Fine Sandy Loam & Aspen Parkland

Tenant/Possession: Open to farm or rent

Level land, 2 field accesses

Very close to large grain markets in Newfolden, MN

Real Estate taxes $1,798

OWNER

Morehart Farms

SEALED BID SUBMISSIONS

In-Person or via USPS to:

111 E Clark Street, Albert Lea, MN

or

Email your bid to LandProz

TERMS

10% down [non-refundable] of Earnest Money due upon accepted winning bid to accompany an executed purchase agreement. Earnest money will be held in the listing brokerage escrow account until closing. Only approved bidders will be registered to bid via sealed bid auction. Buyers will need to provide a letter of credit or proof of funds with sealed bid. Closing will be on, or before, April 15, 2025. Bidding will be dollars per deeded acre. There will be a 2% Buyer's Premium added to the final purchase price. Any statements made the day of the auction take precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee it's accuracy. For more information, a copy of the purchase agreement or a bidding packet, please contact Auction Manager Jen Busch at 507-923-7657.