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$950,000 total
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Asset Class
Land
Size
—
Building class
A
Zoning
AG — Agricultural
$ / SF
—
Occupancy
99%
Year Built
2009
Lot Size
156 ac
Rarely offered full quarter section with a beautiful home and large shop. Vaulted ceilings give this bungalow an open, airy feel, while the pellet stove makes the living space cozy and inviting. Super efficient triple pane windows and extra insulation in the 2x8 walls keep things cool in the summer and warm in the winter. The open concept kitchen, dining and living area features solid maple cabinets, solid maple hardwood floors and a walk-in pantry. Tile finishes the kitchen, entries and bathrooms. The third bedroom makes a lovely office, with frosted French doors opening to the living room while providing privacy. A convenient laundry/mudroom room off the garage includes a half bath. Step onto the covered deck and enjoy the beautifully landscaped yard, with garden boxes, a greenhouse and mature landscaping complete with a water feature pond with a bridge. The shingles were replaced in 2026, as well as a new furnace and hot water tank. A bored well provides excellent water. The cultivated portion of the quarter section is flat, rock-picked and seeded to canola and alfalfa. The heated 30' x 60' shop has 14' height, two doors and a 14-ton hoist, a mechanics dream. There is a separate, but attached building for the large air compressor that will stay with the shop, and plenty of bench work space. A small barn, older wood shop, small garage and additional outbuildings round out this property. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$53K
Annual cash flow
$-136
Cash-on-cash
-0.05%
DSCR
1.00
Going-in cap
5.53%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
85,706
Households
33,026
Median income
$96,000
Median age
43.9
Daytime population
74,347
5-yr growth
8.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Schoen farm, Loon Lake Rm No. 561.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.