650.13+/- Acre Land Auction. Prime Parnell & Alton Twps., Brookings Co., SD

June 17, 2022 10:00 am

Parnell & Alton Twps., Brookings Co., SD

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Directions

We will offer the following described real estate at public auction to be conducted live & online and held live at the Swiftel Center (824 32nd Ave., Brookings, SD)

Tract 1 Sold for $13,800 Per Acre or $2,208,000.00

Tracts 2 & 3 Sold for $13,300 Per Acre or $3,249,190.00

Tract 4 Sold for $14,000 Per Acre or $1,464,400.00

Tract 5 Sold for $11,200 Per Acre or $1,581,776.00

Auctioneer Notes

Here is an opportunity to purchase up to 650.13+/- acres of strong, productive, tillable land in Parnell & Alton Twps. Brookings Co., SD. This offering of multiple tracts of land features high-producing, good row crop farms all located in one area. We will offer the following described real estate at public auction to be conducted live & online and held live at the Swiftel Center (824 32nd Ave., Brookings, SD), with online bidding available. The red property lines in the drone video are for reference only and not do not depict exact boundary lines. Don’t miss this auction and excellent opportunity!

Overview

650.13 +/- ACRE LAND AUCTION. 5 TRACTS FEATURING STRONG TILLABLE LAND

Tract I – 160 +/- Acres – Located from Elkton, SD, 5 miles west on Hwy. 13 and 2 miles north on 481st Avenue. This farm is prime, all tillable land with predominately Kranzburg-Brookings clay loam and a high productivity index of 88.3 according to Surety AgriData. This farm will be offered as E 80 acres or as W 79 acres or as a unit. The farm has approx. 10,100’ of drain tile.

Legal Description: SW ¼ of Section 3, T-109-N, R-48-W, Parnell Twp., Brookings Co., SD

Tract II – 160 +/- Acres – Located ½ mile north and ½ mile west of Tract I, this prime, all tillable land with predominately Kranzburg-Brookings clay loam has a high productivity index of 86.5. This farm will be offered as N 80 acres or as S 80 acres or as a unit. The farm has approx. 14,039’ of drain tile.

Legal Description: NW ¼ of Section 4, T-109-N, R-48-W, Parnell Twp., Brookings Co., SD

Tract III – 84.3 +/- Acres – Joining Tract II to the south, this parcel is prime, all tillable land and has been surveyed. The farm has Kranzburg-Brookings silty clay loam and Mckranz-Badger loam with a high productivity index of 82.2. The farm has approx. 15,500’ of drain tile and will be offered individually or as a unit with Tract II.

Legal Description: N ½ of SW ¼, Excl. Building Site & Lot 1, of Section 4, T-109-N, R-48-W, Parnell Twp., Brookings Co., SD.

Tract IV – 104.6+/- Acres – This farm joins Tract III across the road to the west. This prime farm is all tillable and has been surveyed. The farm has predominately Brookings Vienna complex and according to Surety AgriData has a productivity index of 82.2. The farm has approx. 10,600’ of drain tile.

Legal Description: SE ¼ of Section 5, Excl. Acreage & Lot 1, T-109-N, R-48-W, Parnell Twp., Brookings Co., SD.

Tract V – 141.23 +/- Acres – This farm is located 1 ½ miles north of Tract I on 481st Avenue. This farm is all tillable except for a small group of trees and lays level with eye appeal. The farm has Brandt clay loam and Kranzburg-Brookings clay loam. According to Surety AgriData, the farm has a productivity index of 76.2 and approximately 11,351’ of drain tile. This farm will be offered as the E 70.6 acres or W 70.6 acres or as a unit.

Legal Description: N 2/3 of W ¼ & NE ¼ of Section 34, T-110-N, R-48-W, Alton Twp., Brookings Co., SD.

For additional information, please check our website www.burlagepeterson.com or contact Auctioneers.
MAKE PLANS TO ATTEND THIS AUCTION AND COME PREPARED TO BUY.

Description

Parnell & Alton Twp's., Brookings Co., SD - Full legal descriptions above in write up.

Terms

10% non-refundable earnest money deposit due day of sale; balance due on or before November 3, 2022. Closing fees & title insurance split 50/50 between buyers & sellers. Tract I buyer will receive a seller-enhanced rent credit of $350 per acre or $56,000 each year for 2023-2024-2025 at closing and is responsible for taxes of those years. Tract II-III-IV are free to farm for 2023. Tract V buyer will receive a seller-enhanced rent credit of $350 for 140 acres or $49,000 at closing for 2023 crop year and is responsible for 2023 real estate taxes. This property is sold subject to easements and restrictions, contracts, if any, and is sold subject to confirmation of owner and trustees. The farm is also offered as is, where is, without warrantees or guarantees of any kind. The brokerage firm & auctioneers represent the sellers in this transaction.

Owner

JAMES L. & MARGARET K. SUHR TRUST & KEVIN SUHR

Additional Information

LAND BROKERAGE & AUCTIONEER FIRM: Burlage Peterson Auctioneers & Realtors, LLC Lenny, Jim, Scott, Tyler, Dustin & Jill Land Brokers - Auctioneers - Realtors - Farm Managers Office@burlagepeterson.com or 605-692-7102