State Highway 56, Le Roy, MN 55951
OFF MARKET

$1,300,000

Last sold price

    State Highway 56, Le Roy, MN 55951

    Currently Off Market - Sold Jun 1, 2023 for $1,300,000

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    7239 River Rd, Chester, IA
    3.02
    Lot/Land
    $1,525,000
    06/30/26
    -
    -
    115th St, Le Roy, MN
    4.83
    Lot/Land
    $1,150,000
    02/03/26
    -
    -
    Penny Ln, Le Roy, MN
    4.30
    Lot/Land
    $11,000
    07/10/26
    -
    -
    16628 County Road 14, Spring Valley, MN
    6.97
    Lot/Land
    $135,000
    07/10/26
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    835 E Lowell Street, Le Roy Township, MN 55951
    1.14
    $205,300
    3
    1.5
    1,256
    Off Market
    835 E LOWELL Street, Le Roy, MN 55951
    1.14
    $225,700
    3
    1.5
    1,256
    Off Market
    505 Minnesota St, Chester, IA 52134
    1.53
    $175,000
    1
    1.5
    3,322
    Recently Sold
    505 River St, Chester, IA 52134
    1.55
    $119,600
    4
    1.5
    1,812
    Off Market

    Local Information

    • Map ViewExplore the area around State Highway 56.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Property Type
    Lot/Land
    Lot Size
    160 acres
    HOA
    None

    About this House

    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
    State Highway 56, Le Roy, MN 55951 is a lot/land. It last sold for the $1,300,000 asking price on Jun 1, 2023. This property is not currently displayed as for sale or rent on Trulia.
    Last check for updates: about 3 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

    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

    Price and Tax history

    DateEventPrice
    Jun 1, 2023
    Source: NorthstarMLS as distributed by MLS GRID #6359973
    		Sold
    $1,300,000
    Apr 28, 2023
    Source: NorthstarMLS as distributed by MLS GRID #6359973
    		Pending
    $1,300,000
    Apr 26, 2023
    Source: NorthstarMLS as distributed by MLS GRID #6359973
    		Listed For Sale
    $1,300,000

    Market trends in Le Roy

    Last updated July 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    7
    1    MoM

    Around this home

    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 "
      0
      Flag

    LGBTQ Local Legal Protections

    Based on information submitted to the MLS GRID as of 2026-08-28 08:43:18 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

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