For Sale: Preston Twp MLS# 6680455
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Sellers will review first round of offers on March 24, 2025.
Presenting an outstanding 186-acre tillable productive farm located off County Road 19, just south of Lanesboro, Minnesota, and north of Harmony, in one of Southeast Minnesotaâ??s most prestigious and highly desirable areas. The entire farm was 256 total acres, if interested in both, the homesite, pasture and more tillable is a separate listing on MLS 6680442 that is approximately 87.2 acres subject to split and survey. This property is a rare find, boasting a Crop Productivity Index (CPI) exceeding 85, ensuring exceptional soil quality and productivity across its approximately 186 acres of tillable, highly fertile farmland. Field drive off county road 19 and easement offered at closing down the driveway for access south of waterway.
This farm offers a proven track record of profitability, with past rental rates reaching an impressive $300 per acre. Lime was applied two growing seasons ago, and there is some winter cover crop hay seeded last fall. Yields on corn between 180 and 200 average. As of 2025, there is no written contract in place, and the current renter has expressed a strong interest in continuing to lease the land, providing immediate income potential for the new owner. Whether youâ??re an investor seeking a reliable revenue stream or a farmer looking to cultivate premium acreage, this property delivers unmatched opportunity.
Nestled in the scenic countryside of Southeast Minnesota, this farm combines agricultural excellence with a prime location along County Road 19, offering both accessibility and the tranquility of rural living. Land of this caliber, with such productivity and rental history, is a rarity in this sought-after regionâ??donâ??t miss your chance to own a cornerstone of the areaâ??s farming heritage!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,100,000
Property Type:
Farm
City:
Preston Twp
County:
Fillmore
State:
MN
Property Style:
Other
Zip Code:
55949
Exterior
Fencing:
None
Road Responsibility:
Public Maintained Road
Road Frontage:
County Road
Lake & Waterfront
Waterfront Present:
N
Waterfront:
Pond
Lot & Land
Acres:
168.5
Geolocation:
43.6401667849, -91.9817638122
Inclusions:
None
Lot Dimensions:
4237 x 2700
Wooded Acres:
2
Addl Parcels:
160084000, 160089000
Restrictions:
- Easements
- Easements-Road/Right of Way
- Easements-Utility
Zoning:
Agriculture
Lot Description:
- Green Acres
- Tillable
Farm
Farm Type:
Crop
Soil Type:
Loam
Agricultural Water:
Pond
Crop Type:
Beans, Corn, Hay/Alfalfa
Tillable Acres:
160
Topography:
Level
Schools
School District:
229
District Phone:
507-467-2229
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,738
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$2,738
Association Fee Required:
No
Association Fee:
None
Taxable Acres:
168.500
Miscellaneous
Development Status:
Raw Land
Improvements:
Public Road
Available Utilities:
- Electricity Available
- None Connected
- Phone Available
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of LandProz Real Estate, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.