Tract 1: 67+/- Acres Nicollet County, MN

73+/-Acres Nicollet & Sibley County, Minnesota

Selling In 3 Tracts

On Our

UNRESERVED ONLINE AUCTION

April 11, 2023

Bidding opens March 29, 2023, and ends April 11, 2023, at 12:00 p.m. CDT.

Tract 1: 67+/- Acres

Description: Located in Nicollet County, MN, this tract of land has highly productive soils with a CSR average rating of 91.8. It is tiled and fed into a county tile line. A manure easement for two adjoining hog facilities may be available to supply this tract with organic fertilizer.

The bidding increments will be $100/acre on tract 1 and $1,000 on tracts 2 and 3. The Real Estate Agent reserves the right to adjust bidding increments.

INSPECTION DATES: March 17, 2023, and March 18, 2023, from 9:00 a.m. to 3:00 p.m. or by appointment.

Plan to Attend the Informational Meeting & Auction:

Best Western Plus (Schell’s Room)

2101 South Broadway

New Ulm, MN 56073

BigIron Realty Agents will be at the Best Western Plus on Tuesday, April 11, 2023, from 9:00 a.m. until the conclusion of the online auction. Please come during the time scheduled to discuss the farm. BigIron Realty Representatives will assist buyers with registering to bid online. You do not have to be present to bid online but must be available by phone.

Bidding Process: You may place bids on this property for 14 days, beginning March 29, 2023, and ending April 11, 2023, at 12:00 p.m. CDT. This unreserved online auction features bidding extensions. The closing times will be automatically extended when any of the coupled tracts receives a bid in the last 5 minutes and close simultaneously when none of the tracts receive a bid for 5 minutes. This will allow bidders to monitor each tract without fearing missing out on any other 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 close or call 800-887-8625 for assistance.

Legal Description: Pt of the SE ¼ NE ¼and the NE ¼ of the SE ¼ in Section 5-111-31, Nicollet County, MN, containing67+/- acres.  

PARCEL 13.005.0500

PARCEL13.005.1200

2022 Taxes: Parcel 13.005.0500Total $478.25 Approximately

                     Parcel 13.005.1200  Total $1,426.54 Approximately

Property Location: 37370 651^st St. Avenue, Gibbon, MN. From New Ulm, merge onto County Hwy 13/County Road D for 1.3 miles. Continue straight onto 615^th Avenue for 1.6 miles, and turn left on County Road 5/Fort Road/Old Fort Road for 4 miles. Turn right on 651^st Avenue for 3.5 miles, turn left onto 340^th Street for 1.5 miles, then turn right onto 663^rd Road and go 10 miles.

FSA Information: 77.2 acres, 66.74 acres cropland, 61.09 corn base, 5.65 bean base, 165 Corn PLC, 47 Bean PLC.

                      Owner: Craig Schwab                                       

Title Services: Kraft Walser Law Office

For more information, contact the listing agent:

Darrell Crapp 608-558-6832

Terms: The successful buyer must enter a written purchase agreement immediately after the sale with a 10% non-refundable down payment to Kraft Walser Law Office, with the balance due at closing. An irrevocable wire transfer can make the earnest deposit. Closing will be on or before May 1, 2023.  Possession will beat closing. The seller will provide a marketable title to the buyer, evidenced by title insurance. The buyer and seller are splitting all other closing costs. The 2023 taxes will be prorated to the closing date. The property will not be sold subject to financing. Please have all 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.