21.36+/- Acres Hall County, Nebraska
2500 Head Feedlot
Selling On Our
UNRESERVED ONLINE AUCTION
November 16, 2023
Bidding opens November 2, 2023, and ends November 16, 2023, at 11:00 a.m. CST
Description: This is a 21.36-acre feedlot that is permitted for 2500 head. There is an easement to apply lagoon water on Tract 2 that will remain in place. There is a 60 by 100 machine shed with a cement floor. There are 6 grain bins for approximately 210,000 bushels of storage, with wet & dry legs, and dump pit. Possession of the grain bins is April 1, 2024, but that is negotiable. There is approximately 1600 feet of flat bottom bunk space, and some are new. There is a hydraulic squeeze chute with an alleyway. There is fuel storage for 14,000 gallons. There is an open concrete bunker, a 74-foot scale service, a scale house with restroom and air conditioning. The cattle shades currently on site belong to the tenant and do not sell with the facility. The lagoon pond is pumped to the center pivot. This feedlot is a turnkey operation and ready for a new owner to use! There is a ranch style 5 bedroom, 3 bath home. It has newer AC installed, hardwood floors, kitchen with a bar. The basement is partially finished.
Agent notes: Buyer of the feedlot will have first right of refusal to purchase the adjacent pivot irrigated farm to the north and west of the feedlot for $14,000 per acre. See Tract 2 information. The buyer will have one year to act. It is 139.83 +/- acres. There will be a survey of the property to the north of the feedlot as it is one legal description now. There is a 7 tower Zimmatic pivot with a 30 hp electric motor. The pivot has new tires, new center drives and gearboxes 4 years ago. There is a 2-bedroom house on the northeast corner of this farm. There is a 30 x 40 x12 utility building with a concrete floor adjacent to the house. Both properties have great access by well-maintained gravel roads and are close to blacktop road leading to State Hwy 2.
Scroll to the bottom of the page for Additional Resources for maps on the feedlot and Tract 2 First Right of Refusal.
The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid. The real estate agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Ramada Midtown Conference Center
2503 S Locust
Grand Island, NE
BigIron Realty Agents will be at the Ramada Midtown Conference Center in Grand Island, NE, on Thursday November 16, 2023, from 8:00 a.m. until the conclusion of the online auction. BigIron Representatives will be there to assist buyers with registering to bid online. Please come during the times to discuss the farm or call Rex Mahoney, listing agent, at 402-649-1816. You do not have to be present to bid online.
BIDDING PROCESS: You may place bids on this farm for 14 days beginning November 2, 2023, and ending November 16, 2023, at 11:00 a.m. CST. 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. 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: A tract of land in the E ½ SE ¼ Section 28-12-10 Hall County, Nebraska, containing 21.36 +/- acres.
2022 Taxes: Not yet available due to splitting of tracts by survey.
Land Location: From the north edge of Grand Island & the Junction of Hwy 281 and Hwy 2, take Hwy 2 west for approximately 1 ½ miles to Engleman Rd. (a blacktop road), then go north for 1 mile to Abbott Rd. Proceed 1 mile to Monitor Rd. Both Tract 1 & Tract 2 lie on the north side of the road. Watch for the BigIron Realty signs!
Title Services: Boone County Title & Escrow, LLC
Terms: The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a $200,000.00 non-refundable down payment to be payable to BigIron Realty Trust Account. 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 December 14,2023. Possession at closing. The seller is doing a 1031 exchange, so time is of the essence. The seller will provide a marketable title to the buyer, evidenced by title insurance; the title insurance and closing costs are split 50/50between the buyer and seller. The seller will pay the 2023 real estate taxes, and the buyer will pay the 2024 real estate taxes. 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.
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