Lost Loop, Lot#WP001, Chatfield, MN 55923 - Fillmore County

This southeast MN property is located on a dead-end road which provides excellent privacy. There are currently 33.84 acres enrolled in CRP, which is providing over $8500 in annual income. You could build your dream home or cabin on this property. There is deer sign all over the property, and you can also expect to be able to see pheasants, and turkey on the property. If being able to build, hunt, earn income wasn’t enough there are 2200’+ feet of frontage on the middle branch of the Root River along the east property line to enjoy. This property is a quick drive to downtown Rochester and the Mayo Clinic. With the current CRP contract, this property would make for a great investment property for anyone looking to do a 1031 exchange or add to their investment portfolio. This is a must-see property, call the listing agent to schedule your showing.

Property Features:

- Buildable

- Current CRP income of over $8500/year

- Net ROI at asking price of 2.99%

- Over 2200’ of river frontage on the middle branch of the Root River

- Heavy deer sign on the property

- Pheasant

- Turkey

- Fishing

- Dead end road

- 20-25 minute drive to Rochester

- Great investment property

- Solid option for a 1031 exchange