35 acres of bare land located near Faribault in the I-35 corridor. The area is designated for a future industrial park. It is bordered by a railway on one side and on the other it is bordered by a road recently upgraded for industrial use. The upgrade included the installation of necessary services. The land is located a short distance north of the Faribault Industrial Park. Industrial development has occurred north of the subject property and the City has annexed land north of the property that includes the existing industrial development. A new exit from I-35 north of the property is in the planning stage.
The land is currently in CRP and the owner received $7,167 each year. There are 6 years remaining on the CRP contract. Pipeline and fiber optic easements cross a corner of the property. Listing agent related to the sellers.