Description of 71598 State Highway 56, Hayfield, MN 55940
Listing details for 71598 State Highway 56, Hayfield, MN 55940 : 4 Bed, 2 Bath | 2,364 SF Home | Fenced Fire-Pit Patio | 10.74 Ac + ~35,000 SF Buildings
Most acreages make you imagine outdoor living. This one already has it. The focal point is the fenced backyard—concrete patio, pergola, and stone fire pit right off the sunroom of this 4-bedroom, 2-bath, 2,364 finished sq ft farmhouse.
10.74 acres on paved State Highway 56 just north of Hayfield. The 1884 two-story has four bedrooms and a full bath upstairs, a main-level half bath, kitchen, dining, living room, and a fireplace family room that opens to the bar and four-season sunroom. A wall of windows looks straight into the fenced patio. Unfinished basement about 864 sq ft. Attached 2-car garage about 552 sq ft (23'x24'). Private well tested June 2025 (sample met EPA primary drinking-water standards for the analytes tested). New 2024 Type III mound septic with Dodge County Certificate of Compliance. Survey completed in 2023.
Buildings (Dodge County assessor card): roughly 35,000 sq ft of barns, sheds, and shop space, including a 40'x286' open-sided machine shed (~11,440 sq ft) with 18 open-storage stalls, a 44'x80' shed, a 50'x104' pole shed, shop space, and a classic dairy barn with additions. Grain storage: eight bins totaling about 62,500 bushels
Income potential (seller estimates only—not current rent, not guaranteed, no leases transfer):
• 18 stalls at $400 per stall per year ˜ $7,200 / year if fully leased. Seller notes neighboring interest.
• Larger buildings at about $1,000 / month each. Two buildings at that rate ˜ $24,000 / year.
• Live in the 4-bed home and rent buildings ˜ $31,200 / year potential before vacancy, insurance, maintenance, and tax.
• House as a long-term rental (if not owner-occupied): area 4-bedroom range supports about $1,500–$1,800 / month ($18,000–$21,600 / year). House + buildings ˜ $49,200–$52,800 / year potential before expenses
Buyer to verify township rules for storage/building rental and actual bin condition/capacity.
Some patio photos are virtually staged—cushions and a fire in the existing fire ring were added for illustration only and are not included. Unaltered originals of those areas are in this listing.