90300 290th St, Austin, MN 55912 - Freeborn County

LandProz is pleased to present the LED Trust Auction in Freeborn County, MN. This tillable and CRP land will be offered to the public to bid their price via LandProz AuctionCast on LandProz website. Online bidding will open on February 6, 2025.

Introducing an exceptional opportunity to acquire 72.04 +/- deeded acres of prime real estate, perfectly suited for agricultural investment or expansion of your existing portfolio. This property features 55.52 +/- tillable acres with a CPI of 86.7, that highlights its fertile potential. The land is predominantly composed of Blooming Silt Loam and Glencoe Clay Loam soils, renowned for their agricultural productivity.

Additionally, the property includes 14.10 +/- acres enrolled in the Conservation Reserve Program [CRP], generating an annual payment of $2,679, with the current CRP contract set to expire on September 30, 2034.

Conveniently located along a blacktop road, this property lies within a strong cash rent area, making it an attractive investment for those looking to maximize returns through leasing opportunities. Dont miss your chance to own this versatile piece of land that promises both immediate income and long-term value!

Please contact LandProz Broker & Auction Manager Brian Haugen at 507-208-0791 or LandProz Broker & Auctioneer Greg Jensen at 507-383-1067 for more information regarding this auction.

PROPERTY FEATURES

72.04 +/- Deeded Acres

55.52 +/- Tillable Acres

CPI of 86.7

14.10 +/- CRP Acres

Annual CRP Payment of $2,679 [expires 9/30/2034]

Prominent Soil types: Blooming Silt Loam & Glencoe Clay Loam

Lies along a blacktop road with great access

Strong cash rent area with many qualified operators

Great farm to add to an existing nearby operation

Real Estate taxes $5,274

OWNER

LED Trust

AUCTION LOCATION

Online at LandProz Website

Bidding will Open on February 6, 2025

TERMS

10% down [non-refundable] of earnest money on the day of the auction, or mailed within 3 days of the auction, to LandProz. Earnest money will be held in the listing brokerage escrow account until closing. The live bidding for this auction will begin to close at 1:00pm [CST] on February 20, 2025. The Auction will continue as long as there is bidding happening. Each bid extends the closing for 2 minutes. Only approved bidders will be registered to bid. Buyers will need to provide a letter of credit or proof of funds prior to bidding. Closing will be on or before March 28, 2025. There will be a 2% Buyer's Premium added to the final purchase price. Bidding is dollars per deeded acres. Buyer[s] to do their own due diligence prior to bidding. 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.