52.97 +/- Acre Land Auction, Brookings County, SD

October 28, 2021 12:00 am

Brookings County, SD

Directions

Located from the corner of South Main Ave. & 8th St. South at the Pheasant Restaurant, approximately 1 ½ mile west on 8th St. S., & 1/5th of a mile north on 16th Ave S.

SOLD FOR $12,500 PER ACRE OR $662,125.00

Auctioneer Notes

This auction presents a rare & excellent opportunity to purchase up to 52.97 +/- acres adjoining the city limits. The property is nearly all tillable and offers developmental opportunities. The land will be offered as a unit or as two parcels, identified as the north & south 26.48 +/- acre tracts.

Overview

52.97 +/- Acres– This parcel represents an excellent opportunity to purchase up to 52.97 +/- acres that joins the city limits of Brookings. The land is right off the paved road of 8th St. South, surrounded by and within close proximity of other commercial or residential properties and the Brookings Regional Airport. The property has a good elevation and lays nice. According to the FSA Office, the farm is nearly all tillable with 50.94 DCP cropland acres, and per Surety AgriData maps, the farm is primarily comprised of strong Class II & III soils, with a total weighted average of 65.6. In accordance with the City Planning & Zoning Office, this land would be supported for enrollment into a Light Industrial or Heavy Business zoning designation, making this a highly attractive parcel for future plans and development. Take a look at the property and make plans to attend this sale as potential developmental land with good elevation and optimal zoning designations don’t become available on the open market very often!

Description

W ½ of SW ¼, Exc. S 765’ & OL 2, Sec. 27, T-110-N, R-50-W, Brookings Co., SD

Terms

10% non-refundable earnest money deposit due day of sale; balance due on or before November 30, 2021. Closing fees split 50/50 between buyer & sellers. 2021 real estate taxes are paid by the seller, buyers are responsible for 2022 taxes payable in 2023. Perspective buyers are responsible to conduct their own due diligence for any and all future use, including information obtained through the Planning & Zoning Offices, BMU Utilities, FAA Administration, and the FSA/NRCS Office. There is some existing tile on the farm. This property is sold subject to easements and restrictions, if any, and is sold subject to confirmation of owners. If property is sold in two tracts, a survey will be provided and the expense will be split 50/50 between the buyers and seller. The farm is also offered as is, where is, without warrantees or guarantees of any kind. Information contained herein and all statements made herein are believed accurate but not guaranteed. Sellers do not guarantee fences lie on true boundary lines. New fencing, if any, is buyer’s responsibility. Auctioneer and realtors represent the sellers in this transaction.

Owner

DOROTHY C. LEES TRUST

Additional Information

Auctioneers & Land Brokerage Firm Tyler & Lenny Burlage, Scott & Jim Peterson Jill M. Cooper - Business Manager Burlage Peterson Auctioneers & Realtors, LLC 605-692-7102 of Office@burlagepeterson.com