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160+/- Acres Lac qui Parle County, MN
Selling On Our
UNRESERVED ONLINE AUCTION
August 1, 2024
Bidding opens July 18, 2024, and ends August 1, 2024, at 1:00 p.m. CDT
Description: BigIron is excited to present this exceptional income-producing 160+/- acre property for public online auction. This is the first time in over 100 years that this parcel has been available on the market. Located in Mansfield Township, the 95.7 acres northeast of the drainage ditch are under lease for the 2024 farming season, starting March 1,2024, and ending February 28, 2025, (approximately 89 acres of cropland).Additionally, 59 acres are enrolled in the CRP program, generating an annual income of $13,021.
This tract also offers excellent hunting opportunities, making it a valuable addition to your investment portfolio or an expansion to your farming operation. The 160+/- acres will be sold with no reserve to the highest bidder. If a bid is placed within five minutes of the auction's close, the auction will extend for five minutes and will continue to do so until no additional bids are received for a period of five minutes.
The bidding increments will be $500 / bid not per acre, all 160 acres selling in 1 tract . The final sale price will be determined by competitive bidding. The real estate agent reserves the right to adjust bidding increments.
BIDDING PROCESS: You may place bids on this farm for 14 days, beginning July 18, 2024, and ending August 1, 2024, at 1:00 p.m. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed on either tract. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours before the auction closes or call 800-887-8625 for assistance.
Legal Description: The SE ¼ in SECT-25 TWP-116 RANGE-46 Lac qui Parle County, MN, containing160.64+/- acres. *Complete Legal to be verified by the title company.
Land Location: NW Corner of 155th Avenue N, and110th Street N (Highway 4)
Directions: From Canby, go north on 150th Street (Highway 14) 7 miles to East (R) on110th Street (Highway 4) for 1 mile. The land is on the northwest corner of 155th Avenue N and 110th Street
CRP: Current CRP Program runs through September 30, 2033.
Contract generates $13,021 / year ($220.17 per acre) and has 59 acres enrolled
2023 Taxes: $2,114.00-Parcel # 28-0085-000
Owner: R & C Lunde, LLC
Title Services: Lyon County Abstract and Title
102 South 5th Street, Marshall, MN 56258
507-532-2367
For more information, contact the listing agent:
Michelle Weinzetl 763-300-5055 [email protected]
Terms: The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to Lyon County Abstract and Title. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before August 30, 2024. This is a buyer’s premium auction. 4% will be added to the high bid to equal the final contract price. The seller will provide a marketable title to the buyer, evidenced by title insurance. Real estate taxes to be prorated to closing between buyer and seller. 2024 crops to be retained by tenant farmer. Possession of land to be February 28, 2025. Buyer to assume the current CRP contract. 2024 CRP payment to go to the sellers. The property will not be sold subject to financing. Bidding increments may be changed at the discretion of the real estate agent. Please have all the financial arrangements made before the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.
Location
Terms
The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to Lyon County Abstract and Title. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before August 30, 2024. This is a buyer’s premium auction. 4% will be added to the high bid to equal the final contract price. The seller will provide a marketable title to the buyer, evidenced by title insurance. Real estate taxes to be prorated to closing between buyer and seller. 2024 crops to be retained by tenant farmer. Possession of land to be February 28, 2025. Buyer to assume the current CRP contract. 2024 CRP payment to go to the sellers. The property will not be sold subject to financing. Bidding increments may be changed at the discretion of the real estate agent. Please have all the financial arrangements made before the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.