150 +/- Acre Land Auction, Brookings Co., SD

May 23, 2024 10:00 am

Richland Twp., Brookings Co., SD

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Directions

Located from Elkton, SD 7 miles north on Hwy. 13 and 1 ½ miles east on 210th St.

Sold for $11,800 Per Acre or $1,770,000.00

Auctioneer Notes

This auction presents an opportunity to purchase an exceptional corn & soybean farm in a strong agricultural area. The all tillable farm consists of high rating Class I & II soils, predominantly featuring Kranzburg Brookings Silty Clay Loam, and has over 30,000 ft. of drain tile. The land has been in the seller's family for 121 years and now gives you the copportunity to add into to your land portfolio. Don’t miss this land opportunity!

Overview

This prime, all tillable farm sale presents the opportunity to purchase 150 +/- acres of ideal Brookings County land. The farm is predominantly comprised of strong Class I & II soils, featuring Kranzburg Brookings Silty Clay Loam soil, and a total soil rating of 86.2. Per the FSA office, the farm has 148.93 DCP cropland acres with a corn PLC Yield of 147 and a soybean PLC yield of 44. There is also 30,335 +/- ft. of drain tile installed. The farm is leased for this crop year and the new buyer will receive the full 2024 rent payment of $41,250, and will have possession after the crop is removed. The farm is within proximity to dairies, feed lots, hog units, elevators & the ethanol plant. This farm will produce top yields and will make for an excellent addition to your farming or investor portfolio!

Description

120 Ac. in Sec. 15 & 30 Ac. in Sec. 22,T-110-N, R-47-W, Richland Twp., Brookings Co., SD

Terms

10% non-refundable earnest money deposit due day of sale; balance due on or before June 28th, 2024. Closing fees split 50/50 between buyer & sellers. The buyer will receive the full 2024 rent payment, and the lease expires after the crop is removed. They 2024 rent payment will be made directly to the new owner, paid in two equal installments from the renter, one at closing and the other in the fall of 2024. The sellers will pay the 2023 taxes, the buyers are responsible for the 2024 taxes payable in 2025. The current RE taxes are approximately $26.56 per acre. This property is sold subject to easements and restrictions, if any, and is sold subject to confirmation of owners. The farm is offered as is, where is, without warrantees or guarantees of any kind. The land lays as a 120 +/- acre parcel and a 30 +/- acre parcel directly across the road, which will be sold as one unit per total recorded deeded acres. Information contained herein and all statements made are believed accurate but not guaranteed. Sellers do not guarantee fences lie on the true boundaries. New fencing, if any, is the buyer’s responsibility. The auctioneers and brokerage firm represent the seller in this transaction. Buyers or sellers may elect to do a 1031 exchange.

Owner

JAMES G. GRATTAN LIVING TRUST

Additional Information

Burlage Peterson Auctioneers & Realtors, LLC Office@burlagepeterson.com or 605-692-7102 Sutton Auctioneers & Land Brokers, LLC Office@suttonauction.com or 605-336-6315