512.96 +/- ACRES ALTAMONT TOWNSHIP, DEUEL COUNTY, EAST RIVER SD PASTURE

June 9, 2025 10:00 am

East Side of Altamont, SD The NW Corner of the Land Located at the Jct. of SD Hwy #15 (476th Ave.& 175th St./Deuel Co. Hwy. #309

Directions

“On Site” at the land located ON THE East Side of Altamont, SD The NW Corner of the Land Located at the Jct. of SD Hwy #15 (476th Ave.& 175th St./Deuel Co. Hwy. #309); from Clear Lake, SD (Jct. Hwy. #15 & & 181st St.) - approx. 6 miles north on SD Hwy. #15 to 175th St.; or from Watertown, SD (Exit #177 on I-29) – approx. 11 ½ miles east on Hwy. #212 to Tunerville, then 3 miles south on SD Hwy. #15 (476th Ave.) to 175th St. – the NW Corner of the Farm.

Auctioneer Notes

This auction presents the rare opportunity to purchase a large contiguous parcel of East River, SD Grassland Pasture. This land is very well located lying adjacent to SD Hwy. #15 and conveniently located to Clear Lake, SD, Altamont, SD, the Tunerville Corner on Hwy. #212, Watertown, SD; and the Western MN Counties of Lac Qui Parle, Yellow Medicine & Lincoln Counties and Other Area Communities and Points of Interest. This parcel of land has been owned by the Fromm Family for many decades and now, due to the multi-fractioned ownership of this land by the Fromm children, it is being offered for sale at public auction, presenting a “once in a lifetime opportunity” to purchase this land. If you are in the market for Deuel County, SD Pasture & Grassland, then make plans to inspect these farms and be in attendance at this Auction! With Carrying Rates of 3 to 5 acres per cow/calf pair, this property could be an excellent location to place 125 to 150 pairs. SPECIAL NOTE – This Land is Available for the Use of the Buyer for the 2025 Grazing Season, with immediate possession on sale day!

Brochure

Overview

This is an excellent parcel of East River SD pasture/hayland, that is especially well suited for the cow-calf producer. This parcel appears to have a combination of native and tame grass, with water provided by a combination of stock dams/dugouts, ponds and seasonal waterways. This land is all being utilized as pasture/grassland, and appears to include a mixture of native and tame grass pasture. Essentially this land is a parcel of permanent pasture, as all of this land is under a combination of both US Fish and Wildlife Perpetual Wetland and Grassland Easements, thus under the terms of the easements - unrestricted grazing is allowed at any time and haying is allowed after July 15th in accordance with the terms of the respective easements. The general topography of this land is gently rolling to hilly. According to information obtained from Surety Agri Data, Inc., this farm as a whole has a soil index of 39.2. Livestock water in the pasture is provided by a combination of stock dams/dugouts, ponds and seasonal waterways. According to the Brookings-Deuel RWS, rural water lines are located bordering the West Side of the property with lines located on the East Side of Hwy. #15 & on the North Side of 175th St.; additionally, B-D RW has a pressure reducing valve system located in the NW sector of the property. Due to the size of this property and the fact that this parcel is located within one contiguous tract and all within the same section, grazing capacities could potentially be optimized by the implementation and installation of interior fencing and perhaps some strategically located rural water pasture taps, in order to develop rotational grazing on the property. The 2024 RE Taxes payable in 2025 on this property on this property in its’ entirety are $3,372.58.

Description

The NW¼, The NE¼, The N½ SE¼, The SE¼ SE¼, The N½ SW¼, of Sec. 23, T. 116N., R. 49W., Including Lot 1 Kimball Add’n. to the Town of Altamont Located in the NW¼ NW¼, all in Sec. 23, T.116N., R. 49W., (Altamont Twp.), Deuel County, SD; Except Hwy. ROW and Exc. Outlot 1 in Sec. 23 – containing +/-512.96 Acres M/L in accordance with the survey thereof.

Terms

A 10% non-refundable downpayment with immediate possession of the land on the day of the sale, with the balance due and payable on or before July 25, 2025 with full possession for the 2025 grazing season. All of this land is subject to a US Fish and Wildlife Perpetual Wetland & Perpetual Grassland Easements. Marketable Title will be conveyed and an owner’s title insurance policy will be provided with the cost of the owner’s policy and closing agents fee to be divided 50-50 between the buyer and seller. All of the RE taxes for 2024 payable in 2025 will be paid by the sellers, with the buyer to be responsible for 100% of the 2025 RE taxes payable in 2026. The acres in this property are based on the acres as determined by a survey as completed by Midwest Land Surveying, Inc., with the acres to be understood to be “more or less”. The sellers do not guarantee that the existing fences lie on the true and correct boundary and any new fencing with be the responsibility of the purchaser pursuant to SD Law. Information contained herein is deemed to be correct but is not guaranteed. This property is sold in “AS IS Condition” and is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable zoning ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the sellers. Sold subject to confirmation of the owners.

Owner

HEIRS OF HOWARD & SANDRA FROMM dba Fromm Property Holdings, LLLP