Agricultural Land for Sale in Owatonna, Minnesota

Steele County MN Farmland for Sale – 61.92 Acres Row Crop Land in Somerset Township

• Highly Productive 61.92-Acre Row Crop Farm for Sale in Steele County MN Located in Somerset Township (T106N, R20W), this prime Minnesota cropland offers exceptional investment potential in one of southern Minnesota’s top agricultural counties, just minutes from Owatonna. Strong Cash Flow with $250/Acre Cash Rent: Currently rented on 58 acres at $250 per acre (open 2027 contract – buyer can assume, renegotiate, or operate themselves), generating approximately $14,500 in annual gross rental income for immediate cash-on-cash returns.
• Outstanding Soil Productivity – Weighted CPI 84.0: Features a productive mix of high-CPI soils ideal for corn and soybeans, including Reedslake-Le Sueur (CPI 98), Webster clay loam (CPI 93), Glencoe clay loam (CPI 86), and Lester loam variants – proven high-yield performance year after year.
• Priced at $9,300 per Acre – Total $576,000: Attractive listing price with built-in equity, as the 2026 assessed market value is already $650,400. Low 2025 property taxes of just $4,098 (~$66/acre) make this Steele County farmland an excellent value.
• Excellent Drainage & Field Improvements: Prior tiling in place (maps available), naturally well-to-moderately drained soils, and minimal additional tiling needed. Gently rolling to nearly level topography (elevations 1,260–1,306 ft) with an existing field access road on the northeast side.
• Turn-Key Income-Producing Farmland Investment: Perfect for cash-rent investors, active row-crop operators, or portfolio expansion. This Somerset Township ag land delivers strong long-term appreciation in a county known for rich glacial soils and consistent demand for high-CPI cropland.
• Prime Location with Superior Access: Conveniently located near Owatonna with excellent road access, close to major grain markets, elevators, and infrastructure. Ideal for efficient farming operations in southern Minnesota.
• High-CPI Minnesota Farmland OpportunityRare chance to own 60+ acre tiled row crop ground in Steele County with proven productivity, low carrying costs, and immediate income potential. Contact United Country Real Estate today for details and showing information on this cash-rent farmland for sale near Owatonna.