Tracy, Minnesota is a small village located in the southern part of the state. Here are some general pros and cons for buying property in the village of Tracy:

Pros:
- Affordable prices: compared to larger cities, property prices tend to be more affordable in small towns like Tracy.
- Peaceful living: small towns are often associated with a quieter pace of life and a greater sense of community.
- Access to outdoor activities: Tracy sits in a beautiful rural part of Minnesota, which can be great for those who enjoy outdoor activities such as hiking, fishing or camping.

Cons:
- Limited job opportunities: small towns can often have a limited number of job opportunities available, which can be a problem for those seeking employment.
- Potential isolation: while some may enjoy the tranquility of small-town living, others can find the seclusion isolating or depressing.
- Fewer amenities: Small towns typically offer fewer conveniences such as entertainment venues or options for shopping.

As with any real estate investment, it is important to conduct your own research and due diligence before making a decision. You should consider your personal preferences, lifestyle, budget, and future plans to help determine if Tracy, Minnesota is the right place for you.