Income Producing CRP Farm With Productive Soils Near Oklee
SOLD
County
PenningtonAcreage
210 ±SOLD
County
PenningtonAcreage
210 ±Address
Highway 23, Lot#WP001
Oklee, MN 56742
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Description
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.
Sold Property
For more information or to see additional properties currently for sale see Josh Miller's listings.Property Listing
Type
Farms, Recreational Land, Hunting Land
Road Frontage
State Highway, County Road
Road Surface
Blacktop/Asphalt, Gravel
Legal
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
COOPERATING BROKER COMPENSATION: Please contact Listing Agent/Broker for terms of cooperating Buyer Broker compensation. Terms of compensation, if any, shall be ascertained by cooperating brokers before beginning efforts to accept the offer of cooperation. Buyer’s Agents/Brokers must be identified, by Buyers and/or their Brokers/Agents, on the first contact with Listing Broker/Agents to receive compensation. Otherwise, compensation will be at the sole discretion of the Seller, Broker, and Whitetail Properties Real Estate, LLC.
Real Estate Commissions and Cooperating Broker Compensation, if any, are fully negotiable and is not fixed or controlled by law, by Whitetail Properties Real Estate, LLC (or any division/trade name/DBA of), or its Agents/Brokers.