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160 Street, Waseca, MN, 56093

0beds
0baths
0sqft
$349,000
--price/sqft
$2,569/moest. monthly cost
$102,760/yrincome needed

About This Home

High Point Land Company is pleased to present this 22.65± acre pristine building site located in Blooming Grove Township, Waseca County. Perfectly positioned between Waseca, Waterville, Morristown, and Owatonna, this exceptional property offers the ideal blend of highly productive cropland and scenic wooded area, a true gem in the heart of some of Minnesota's best farmland. The parcel boasts a strong CPI of 95.1 across approximately 15.5± tillable acres, complemented by excellent access with paved roads on both the south and east sides. The western edge features mature tree coverage, offering privacy and natural beauty, an ideal setting for your dream home. Whether you're looking to build your forever home with country views or seeking a high-quality investment property, this tract provides both lifestyle and financial benefits. Enjoy the peace and privacy of rural living while the tillable acres generate income to help offset your investment. This property also presents a great 1031 exchange opportunity, combining strong agricultural performance with the potential for residential development-an increasingly rare find in Southern Minnesota. Don't miss your chance to own this remarkable parcel located conveniently off a paved road. Property Highlights: • Highly productive cropland with an impressive 95.1 CPI • Excellent access - paved roads on two sides • Scenic building site with mature trees and stunning views • Ideal combination of income-producing acres and buildable land • Great candidate for a 1031 exchange or long-term investment Address: TBD 160TH ST, Waseca, MN 56093 - North of 43021 160TH ST

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

5/10
6/10
Waseca Senior High SchoolGrades 9-126.8 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Basement

  • Area: 0

Features

  • Finished area above ground: 0

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 0

Property

Details

  • Lease amount: 0

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Drought
    DroughtRelatively High
  • Hail
    HailRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Drought
Hail
Winter Weather
Inland Flooding
Tornado

FEMA Declared Disasters in Waseca County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,764$21,168
Home Insurance *$307$3,684
Property Taxes $328$3,936
Electricity $170$2,050
Total$2,569$30,828
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,080/yr
40% on housing$77,070/yr
45% on housing$68,506/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 56093$155
Waseca County$144

vs Homes Sold Last Month

Median $/sqft

ZIP 56093
Waseca County$125

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-10-14Listed for sale$349,000

For Sale by Agent

AgentTroy Stafford
BrokerageHigh Point Land Company, LLC

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