TBD 540th Avenue, Wells, MN 56097 (MLS# 7154649)

TBD 540th Avenue, Wells, MN 56097

New Listing
$1,600,000
Property Type: Land Lot Size (sq. ft.): 6,461,690 Status: Active
Current Price: $1,600,000 List Date: 10/03/2026 Last Modified: 10/03/2026

Overview

Description

Highly productive income-producing farm available in Faribault County. Approximately 148 +/- total GIS acres of straight, income producing land that maintains a Productivity Index Rating of 88.3. Much of this property is gently rolling, has a straight layout, and includes a large amount of pattern tiling. This would be an excellent property for someone looking to add to their existing farming operation for the 2027 growing season as the current rent contract expires after 2026 harvest. If you are looking to develop your farming operation, invest back into land as part of a 10-31 tax exchange, or are simply in the market for farmland as a long-term investment, look no further! *135 +/- acres of high-quality tillable ground *88.3 Productivity Index Rating supporting dependable yields and long-term investment value *Yearly rent income of $40,000; current rent contract expires after 2026 harvest or 12-31-2026 *Available to be farmed for the 2027 growing season *Great addition to any farm ...

Listing Details MLS# 7154649

General Property Information

Comp Sale YN
No
Development
No
Drainage
Excellent
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
No
Waterfront YN
No
Yearly/Seasonal
Yearly
Zoning
Agriculture
Lot Dimensions
irregular
Acres
148.34
Assessment Pending
No

Property Features

Agricultural Water: Other Available Utilities: None Connected; Other Available Crop Type: Beans; Corn Development Status: Raw Land Farm Type: Crop Improvements: Other Land Inclusions: For Sale Sign Road Frontage: County Road; Paved Streets; Township; Unpaved Streets Road Responsibility: Public Maintained Road Sale Options: Sell Entirely Sellers Terms: Cash; Conventional Soil Type: Loam Topography: Gently Rolling; Level

Contract Information

Contingency
None
Original List Price
1600000
ListPrice
1600000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
TBD
Street Name
540th
Street Suffix
Avenue
Postal City
Wells
County
Faribault
State
MN
Zip Code
56097

Acreage Information

Taxable Acres
148
Tillable Acres
135

Assessments

Tax With Assessments
4168

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#
25
Section#
24
Township#
104
IDX
Listing Office: Weiss Realty LLC
Last Updated: October - 03 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Search powered by FBS Products