For Sale: Faribault MLS# 7070059
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Property Description
HIGH VISIBILITY + PRODUCTIVE FARMLAND! Rare opportunity to own approximately 40 acres just off Hwy 21/Bagley Ave on the edge of Faribault offering a strong mix of income potential, usability, and future flexibility. This parcel features productive tillable acreage with an impressive 76 CPI along with open pasture ground ideal for livestock, hobby farming, or future agricultural use. Existing improvements include a 25x80 open front pole building built in 2003, 36x60 steel building built in 1975, and a classic 27x55 barn dating back to 1900—providing excellent storage and versatility for equipment, livestock, or workshop space. Convenient access from Becker Trail with easy connectivity to Hwy 21 and I-35. City sewer is on the west side of CR46 and city water runs on the east side of CR46 for future hookup. Looking for more space? An additional 9 acres including a 3500 sq ft one story home and several more outbuildings is also available for purchase (see listing at 2312 Becker Trail), creating the opportunity for an expanded homestead, business operation, or multi-generational setup. Properties with this location, acreage quality, and flexibility rarely become available!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$925,000
Property Type:
Lot/Land
City:
Faribault
County:
Rice
State:
MN
Property Style:
Lot/Land
Zip Code:
55021
Exterior
Out Buildings:
Barn(s), Shed(s), Pole Building, Silo, Storage Shed
Road Responsibility:
Public Maintained Road
Road Frontage:
- County Road
- Paved Streets
- Township
Lot & Land
Acres:
40
Geolocation:
44.336045, -93.304949
Inclusions:
Abstract, For Sale Sign
Lot Dimensions:
40 Acres MOL
Restrictions:
Open
Zoning:
- Agriculture
- Business/Commercial
Lot Description:
- Suitable for Horses
- Tillable
- Tree Coverage - Light
Farm
Soil Type:
Loam
Crop Type:
Beans, Corn, Hay/Alfalfa
Tillable Acres:
33
Topography:
Gently Rolling, Meadow, Pasture, Rolling
Schools
School District:
656
District Phone:
5073336016
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$374
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$374
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Raw Land
Improvements:
Unimproved Streets
Available Utilities:
- Broadband Available
- Cable Available
- Electricity Available
- Natural Gas Available
- None Connected
- Phone Available
- Sewer Available
- Storm Sewer Available
- Underground Utilities Available
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Re/Max Advantage Plus.
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.