State Highway 56, Le Roy, MN 55951
OFF MARKET

State Highway 56
Le Roy, MN 55951

    (on 160 acres)

    Local Information

    Map showing home location
    © Google
    -- mins to
    Commute Destination

    Description

    This property is a promising opportunity for farmers looking to expand their operations or an investor looking to diversify their investment portfolio. The property includes 115 acres with an average CPI of 83.5 that is currently being farmed, and an additional 26+ acres enrolled in the Conservation Reserve Program (CRP), which provides additional solid income and is enrolled until 9/30/3030. The property's location is advantageous, as it is conveniently situated just half a mile from Chester, Iowa, and 10 miles to Spring Valley. The property can be accessed from both the north and south directions, making transportation and logistics efficient for farming operations. This property would be a great option for anyone looking to complete a 1031 exchange. There is a current rental contract that runs until 2/28/2025. The land has a gentle rolling terrain which provides good drainage. Hwy 56 runs along the south portion with two field approaches and the north property line is a gravel road
    This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 03, 2024

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    180+ days ago

    Home Details for State Highway 56

    Active Status

    MLS Status: Closed

    Interior Features

    Appliances & Utilities
    Utilities: None Available, None Connected
    Gas & Electric
    No Electric on Property
    View
    No View

    Exterior Features

    Frontage
    Not on Waterfront
    Surface & Elevation
    Topography: Gently Rolling, Level, Meadow

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    No Additional Parcels
    Property Information
    Included in Sale: NoneParcel Number: 320194000

    Price & Status

    Price
    List Price: $1,300,000
    Status Change & Dates
    Off Market Date: Thu Apr 27 2023

    Location

    Direction & Address
    City: Le Roy
    School Information
    High School District: Leroy-Ostrander

    Community

    Community Features: No

    HOA

    No HOA

    Lot Information

    Lot Area: 160 Acres

    Miscellaneous

    Mls Number: 6359973

    Additional Information

    No
    Last check for updates: about 11 hours ago
    Listed by Robert Stalberger, (507) 884-4717
    Whitetail Properties Real Estate
    Bought with: Robert Stalberger, (507) 884-4717, Whitetail Properties Real Estate
    Source: NorthstarMLS as distributed by MLS GRID, MLS#6359973

    Price History for State Highway 56

    DatePriceEventSource
    06/01/2023$1,300,000Sold
    NorthstarMLS as distributed by MLS GRID #6359973
    04/28/2023$1,300,000PendingNorthstarMLS as distributed by MLS GRID #6359973
    04/26/2023$1,300,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6359973
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    Comparable Sales for State Highway 56

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    115th St, Le Roy, MN
    4.83
    Lot/Land
    $1,150,000
    02/03/26
    -
    -

    Nearby homes

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    Assigned Schools

    These are the assigned schools for State Highway 56.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Le Roy

    At least 2 Trulia users voted on each feature.

    • 100 % Say it's dog friendly

    • 100 % Say it's walkable to grocery stores

    • 100 % Say there are sidewalks

    • 100 % Say yards are well-kept

    • 88 % Say parking is easy

    • 80 % Say it's walkable to restaurants

    • 80 % Say it's quiet

    • 67 % Say kids play outside

    • 67 % Say car is needed

    • 67 % Say people would walk alone at night

    • 55 % Say neighbors are friendly

    • 50 % Say there's holiday spirit

    • 25 % Say there are community events

    • 20 % Say they plan to stay for at least 5 years

    Sourced by Trulia users. Learn more about our methodology.
    • Yoriedemann
      "Small town living, very friendly neighbors, everything you need you can get in town. No place I would rather live "
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    Apartments for Rent

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    Homes for sale near State Highway 56

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    Off Market Homes Near State Highway 56

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    Based on information submitted to the MLS GRID as of 2026-05-31 02:23:01 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
    By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement

    Homes for rent near State Highway 56

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    State Highway 56, Le Roy, MN 55951 is a lot/land. This property is not currently available for sale. State Highway 56 was last sold on Jun 1, 2023 for $1,300,000 (0% higher than the asking price of $1,300,000).