Details

Sale Date: Wednesday, December 14, 2022 10:00 AM

Sale Location: Lakefield American Legion at 413 Main Street Lakefield, Minnesota.

Bid Online

Documents and Maps

Key Features

Very Good 173.56+/- Acre Hunter Township Jackson County, Minnesota Bare Farmland Auction.

Description

Very good quality bare 173.56+/- Acre tract of farmland. This farm has a Crop Productivity Index Rating of 86.9. This is a good looking farm that has a level to gently rolling topograpghy. It has a good drainage outlet and substantial drainage tiling. The farm is being sold with a wind easement that will be transferred to the buyer upon closing.

Location

PROPERTY LOCATION
Located from the I-90 Interstate exit at Lakefield, Minnesota, 3-1/2 miles south on Highway #86 to 760th Street, then 1-1/2 miles west or from the Minnesota-Iowa border on Highway #86, 6 miles north on Highway #86 to 760th Street, then 1-1/2 miles west. Watch for land auction signs on farm.

 

Legal Description

The Southwest Quarter (SW1/4) 31-102-36 Jackson County, MN.

Jackson County Parcel #09.031.0500.

Containing 173.56 total acres.

 

FSA Information

See information booklet.

Soils

See information booklet.

Surety/Agridata Avg

See information booklet.

Tile

See information booklet.

Improvements

Bare farmland with no building improvements. The farm is being sold with a wind easement that will be transferred to the buyer upon closing.

Real Estate Taxes

See information booklet.

Method of Sale

The property will be offered by public auction in one parcel of 173.56+/- acres.

 

Method of Bidding

Public auction.

Possession

Upon closing subject to a 2022 cropland lease that ends on March 1, 2023.

Terms

The property will be offered as 1 parcel. The farm is being sold with a wind easement that will be transferred to the buyer upon closing.  The property is being sold subject to a 2022 cropland lease that ends on March 1, 2023. The Buyer shall enter into a purchase agreement and make a 20% Non-Refundable down-payment the day of the auction. The closing shall be held on January 31, 2023 with the balance being due and payable in full at closing. The sale will NOT be contingent upon any buyer financing. The Buyer is responsible for all real estate taxes and assessments that are due and payable in 2023 and thereafter. Property is being sold “AS IS”, Property is being sold subject to any easements including road, drainage, utility or other easements of record or pending. The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to MN statues. The buyers are responsible for all inspections of the property prior to their purchase of it. The sale is subject to the sellers approval. Any statements made at the auction may take precedence over any printed information. Auction Company & Staff represent the seller in this transaction.

Parties that do not wish to attend the auction in person can use our online bidding platform through www.danpikeauction.hibid.com to participate in the auction. Please register for online bidding at least 24 hours ahead of the auction. Please call at least 24 hours ahead of sale if bidding online if you have questions regarding it. For those that wish to participate, but don’t have access to an internet connection and would rather bid by phone that can be arranged as well by calling the Dan Pike Auction company at least 24 hours ahead of the auction to register and make arrangements. This property will be offered via both Live & On-line webcast public auction. Those parties bidding on-line will be required to wire transfer the earnest money and sign the purchase agreements the day of the auction. There will be NO “Buyers Premium” charged to those bidding on-line or in person. Owner, Auction Company or agents of the Seller are not liable for faulty / poor internet connections.   

 

Deed Restrictions

The farm is being sold with a wind easement that will be transferred to the buyer upon closing. 

Comments

This is a very good 173.56+/- acre tract of bare farmland. We are very honored to have been asked to represent the Heitzman family with the sale of this property. Please come prepared to purchase as the sellers have chosen the auction method to market this property. If you are considering the purchase of good farmland to add to your investment portfolio this is an auction that you will want to attend. The information contained in this sale bill and other information provided by the sellers & their agents is believed to be correct, but is not guaranteed. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of property. The buyers shall make themselves familiar with the property and verify all information & data for themselves. The auctioneers and the sales staff are representing the seller. This auction is open to the public. We look forward to seeing everyone at the auction. Remember that the auction begins at 10:00 A.M. sharp, so don’t be late.

 

Listing Agent

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