Located just 1.5 miles north of Waverly, this property earns its name from the unique presence of Twelve Mile Creek, which meanders entirely through the land. Originating from Waverly and Little Waverly Lakes, the creek flows through a scenic wooded corridor before ultimately connecting to the North Fork Crow River approximately half a mile to the north. These wooded creek and river corridors serve as habitat corridors for wildlife, and it shows. Deer sign, turkey tracks, actual turkeys, and ducks were seen on the property. With this kind of natural setting, you can literally hunt right out your back door. Given the connection to both lakes and a river system, it's entirely possible that fish species occasionally travel through the creek as well. On either side of the wooded creek corridor lies productive tillable ground, about 26 total acres with a solid CPI rating of 79.6. The eastern field, just over 6 acres, is a great candidate for a larger food plot setup. The tillable land is currently rented for the 2025 crop season, and the tenant will be allowed to harvest the crops. After that, the new owner has full flexibility—keep it in production, convert it to pasture for horses, or design and convert it into more habitat. The farm site includes an older farmhouse with just under 2,000 finished square feet, featuring three bedrooms and one bath, along with additional rooms that could easily serve as extra bedrooms or an office. If you desire a new or larger home, there is plenty of space to build your dream home off the asphalt county road. The existing septic system was updated in 2016 and is sized for a 4-bedroom home, and there’s a drilled well already in place. One of the real highlights here is the impressive 80' x 45' fully concrete shop. The front includes a covered porch; inside, half the space is heated, while the other half has in-floor PEX lines already installed for future heat if desired. The seller previously used the heated portion for machine work—it’s clean, functional, and includes in-floor heat, water, and plumbing stubbed in for a toilet. Additional outbuildings include a lean-to and a detached 2-car garage, providing even more space for gear, equipment, or toys. Welcome to the country!!
Active
$850,000
4365 40th St SW, Waverly, MN 55390
3beds
2,556sqft
Est.:
Single Family Residence
Built in 1910
40 Acres Lot
$-- Zestimate®
$333/sqft
$-- HOA
What's special
Habitat corridors for wildlifeScenic wooded corridorProductive tillable ground
- 60 days
- on Zillow |
- 693 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: June 18, 2025 at 08:21am
Listed by:
Gregory G Graczyk 320-420-5196,
Whitetail Properties Real Estate
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6733477

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air
Cooling
- None
Features
- Basement: Other
- Has fireplace: No
Interior area
- Total structure area: 2,556
- Total interior livable area: 2,556 sqft
- Finished area above ground: 1,980
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Gravel, Insulated Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: More Than 2 Stories
- Waterfront features: Creek/Stream, Waterfront Num(S9991017)
- Body of water: Twelvemile Creek
Lot
- Size: 40 Acres
- Dimensions: 1320 x 1320 x 1320 x 1320
- Features: Suitable for Horses, Tillable, Many Trees
Details
- Additional structures: Lean-To, Pole Building, Workshop
- Foundation area: 1116
- Parcel number: 211000291200
- Zoning description: Agriculture
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Metal Siding
Condition
- Age of Property: 115
- New construction: No
- Year built: 1910
Utilities & green energy
- Gas: Oil
- Sewer: Mound Septic
- Water: Drilled
Community & HOA
HOA
- Has HOA: No
Location
- Region: Waverly
Financial & listing details
- Price per square foot: $333/sqft
- Tax assessed value: $604,000
- Annual tax amount: $2,416
- Date on market: 6/5/2025
- Road surface type: Paved
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