160 +/- Acre Land & Building Site Auction, Shoakatan Twp., Lincoln Co., MN

September 8, 2022 10:00 am

2390 Co Hwy 1, Lincoln Co., MN

Bid Online!

Directions

Located from Hendricks, MN 7 miles South on Hwy 1. Or from Elkton, SD, 2 miles North on Hwy 13, 3 ½ miles East on Hwy 14, then 8.5 miles North on Hwy 1

Tract 1 Sold For $6,400 Per Acre or $992,000.00

Tract 2 Sold For $230,000.00

Auctioneer Notes

Auctioneers’ Notes: This sale represents an opportunity to purchase up to 155 +/- acres of farmland and a 5 +/- acre site featuring a large commercial shop & facility. The property is located on a paved road with good access in a strong agricultural location. The auction will be held on site with live & online bidding available. Both parcels will offer immediate possession after the sale, and will be offered individually or as a unit. This will make for an excellent addition to your farming or investment portfolio! Preliminary Title Report & Wind Energy Lease Agreement(s) are posted below under Preliminary Title 1. Business Filing Information for Wind Energy Companies is under Preliminary Title 2. Facility Blue Prints are posted under Info Sheet. A copy of the Wind Easement is posted within the Preliminary Title 1, starting on page 36. Contact the auctioneers or the attorney's office for additional information or questions!

Overview

Tract I – 155 +/- Acres This predominantly tillable farm is made up of strong Class II & III soils with a productivity rating of 86.6, making this a strong row crop farm. This farm has a good location and access on Hwy 1. Per the FSA office, the farm has 142.86 cropland acres with approximately 135 +/- acres currently under cultivation. There are two non-operational Gamesa G-52 wind towers on the farm that are not producing wind energy or payments. The new buyer will receive immediate possession after the sale, and the farm will be offered individually or as a unit with Tract II.
Description: 155 +/- Acres in the NW ¼ of Sec. 29, T-111-N, R-46-W, Shaokatan Twp., Lincoln Co., MN

Tract II – 5 +/- Acres This commercial facility was constructed in 2000 and was operated and intended for a large commercial shop, conference and office center, as well as a housing facility. The property is located on Hwy 1 and offers spectacular views and an abundant amount of available space. This site features a large shop with 4 overhead doors for shop use and storage. The property also has a kitchen, 4 offices, conference center, 8 bedroom/bathroom suites, and a beautiful open rec room. The offices, conference rooms & housing areas have not been utilized for several years and appear to be in need of many repairs. This is a unique property with lots of potential that could also provide a spot to build a new house on. Immediate access will be granted after the sale, and this site will be open for full viewing the day of the sale. This tract will be offered individually or as a unit with Tract I.
Description: 2390 Co. Rd. 1, Hendricks MN 56136; 5+/- Acres NW ¼ of Sec. 29, Shaokatan Twp. Lincoln Co. MN

Description

160 +/- Acres in the NW ¼ of Sec. 29, T-111-N, R-46-W, Shaokatan Twp., Lincoln Co., MN

Terms

10% non-refundable earnest money deposit due day of sale, balance due on or before November 11th, 2022. Closing fees split 50/50 between buyer & sellers. The sellers will pay all 2022 real estate taxes & the buyers will be responsible for the 2023 taxes. The property was re-assessed in 2021, and an estimate for the 2023 RE taxes are approximately $26.93 per acre for the ag land, and $3,279 for the 5 +/- acre commercial site. If the 5 +/- acre site is changed to residential, the annual tax amount would approximately be $2,547. This property is sold as is, where is, without warrantees, guarantees or contingencies of any kind, and is sold subject to confirmation of owners. Information contained herein and all statements made herein are believed accurate but not guaranteed. If sold separate, the total acres may slightly vary and will depend on survey. The cropland acres were not planted in 2022, and the new buyer will receive immediate access to perform field work and any needed clean up. The farm has typically been seeded in a corn & soybeans rotation, with soybeans planted in 2021. Pictures provided were taken a different times in the past year. Sellers do not guarantee fences lie on true boundary lines. New fencing, if any, is buyer’s responsibility. There are two non-operational Gamesa wind towers on the property that were originally constructed by Shaokatan Wind Energy. These towers do not produce wind energy or provide payments of any kind, that we are aware of. The original lease shows an expiration date in 2033, and the sale is subject to the lease with all potential applicable relatable terms. The sellers or agents of make no claims that terms or agreements from the original lease are valid or upholding. It is not certain who the current lease holder is, and what obligations they may or may not have. A copy of the lease is available upon request. The sellers and agents of make no claims for future use, maintenance, or operational opportunities for the building or towers. Any required maintenance or mechanical attention needed is not the liability of the sellers or their representatives. Preliminary title has been ordered and can be provided upon request. The sale is subject to clear & marketable title conveyed to the new buyer(s). Any improvements or personal property items remaining at the property will transfer to the new buyer, and is transferred as is, where is. Auctioneers represent the sellers in this transaction.

Owner

TRIDENT HOLDING GROUP – Owners

Additional Information

Burlage Peterson Auctioneers & Realtors, LLC, Tyler, Scott, Dustin, Lenny, Jim & Jill. Glen Petersen, Attorney at Law, 507-247-5515 – Closing Attorney