111.84 +/- ACRE LINCOLN CO. MN LAND AUCTION

May 5, 2026 10:00 am

Ash Lake Twp., Lincoln Co., MN

Directions

From Ivanhoe, MN, ½ mile West on Hwy. 19, & ½ mile South on Hwy. 75 Ave.

Auctioneer Notes

Here is an excellent opportunity to acquire a versatile 111.84 +/- acres that is ideally located on Hwy. 19 and Hwy. 75. The property features a balanced mix of tillable, pasture, & CRP acres, or a potential building site. This auction will be conducted live, on-site at the land, with online bidding available.

Overview

The well-balanced farm includes 56.77 Cropland Acres, per the FSA Office & Surety AgriData Maps, with 17.25 +/- acres under cultivation for row crops, and 39.52 +/- acres enrolled in a CRP contract that expires September 30th, 2026 and currently provides an annual payment of $8,239.92 that the new buyer will receive. The balance of the farm is comprised of approximately 55.07 +/- acres of grassland that is well suited for livestock grazing and includes a natural fed water source from Yellow Medicine Creek. According to Surety Agri-Data, Inc., the tillable and CRP acres have a soil productivity rating of 83.6, with an overall soil rating of 85.8. The tillable and pasture acres are rented for the 2026 crop year, and the new buyer will receive the 2026 rent income. 2026 rent income is $5,307. Possession will be granted on November 1st, 2026 in accordance with the current lease. In addition to the rent and CRP income, the farm also has an easement with Xcel Energy that generates an additional annual payment of $23.36/acre or $2,613.49/annually for wind rights from a neighboring tower that the buyer will begin receiving upon closing. This land is ideally located and offers multiple prime uses and income streams along with excellent recreational opportunities. With its attractive setting and location, the property could also serve as a great future acreage building site. Don’t miss your chance to own this diverse income-producing property in a strong agricultural region.

Description

S ½ of the NE ¼ and a part of the SE ¼ of Sec 4, T-111-N, R-45-W, Ash Lake Twp., Lincoln Co., MN

Terms

10% non-refundable earnest money deposit due day of sale with balance due on or before June 5th, 2026. Title work and closing fees will be split 50/50 between buyer and seller. The land is rented with possession of the land to be given to the new purchaser(s) after November 1st, 2026. The buyers will be responsible for 2026 real estate taxes. A survey has been conducted and will be filed. Chad & Lee Meester are POA of Gordon Meester; Chad & Lee Meester are conservators for Elaine Meester. The buyers will also be credited at closing the rent income of $5,307.00. The sellers will be given access using the established field road for one year. The new purchaser(s) will assume and comply with the terms of the CRP contract through its expiration on September 30, 2026. The buyers will receive the full 2026 CRP payment of $8,239.92. There is a wind lease easement on this property and that wind lease easement transfers to the new buyer. Buyers will be credited at closing the 2026 Xcel Energy Wind Lease payment of $2,613.49. The new buyer is responsible for providing any and all information to the wind lease company to comply with this easement. The seller will be paying for the 2025 real estate taxes payable in 2026 with the new buyer to pay the 2026 real estate taxes and beyond. The farm is sold subject to easements, contracts and restrictions, if any, and is sold subject to the confirmation of owners. The court will need to sign off for approval of sale. The farm is offered as is, where is, without warranties or guarantees of any kind. Preliminary title work was made available prior to the sale. The information contained herein, and all statements made, are believed accurate but not guaranteed. Listed cropland acres and soil ratings are per the FSA office and Surety maps and are not guaranteed to be exact. Sellers do not guarantee fences lie on true boundary lines; new fencing will be the buyer’s responsibility. The buyers are responsible for conducting due diligence for any specific uses or practices. Statements made day of sale take precedence over prior written material. The auctioneers and brokerage firm represent the seller in this transaction. Buyers or sellers may elect to do a 1031 exchange.

Owner

Gordon & Elaine Meester – SELLER -------- John Engels, ATTY. of Engels Law Office, PLLC – CLOSING ATTORNEY

Additional Information

LAND BROKERAGE FIRM & AUCTIONEERS Burlage Peterson Auctioneers & Realtors, LLC 317 4th St., Brookings SD / www.burlagepeterson.com Office@burlagepeterson.com or 605-692-7102 Sutton Auctioneers & Land Brokers, LLC Office@suttonauction.com or 605-336-6315