LAND
AUCTION - Location, Location, Location!!
ATTENTION
- Developers, Investors, Contractors & Entrepreneurs - A Multi-faceted 153
Acre Parcel of Delapre Township, Lincoln County, SD
Land - This is Well Located Land with Terrific Development and Investment
Potential - Located Near Tea, SD and
Situated Within The Growth Pattern of this Rapidly Growing Community
We will offer the following real property at auction at
the land located from the Jct. of 1st Street (272nd St.) & Hwy. #111 (466th
Ave.) on the east side of Tea, SD (Sunshine Grocery) - 1/2 mile east on 272nd
St. to the NW Corner of the Land; from the Tea Exit #73 on I-29 - 1/2 mile west
on 271st St. & 1/2 mile south on 470th Ave.; or from the Tea-Harrisburg
Exit #71 on I-29 - 1/2 mile west and 1/2 mile north on 469th Ave.
THURSDAY
MORNING SEPTEMBER 11, 2008
ATTENTION - INVESTORS,
DEVELOPERS, CONTRACTORS - This auction presents the rare opportunity to
purchase land which lies within one of the most rapidly growing sectors of the
This property has been
owned by the Bakker Family for over 100 years and is
now being offered for sale only due the fractionated ownership of this
property, thus this auction awards an “Opportunity of a Lifetime” to purchase
this most unique parcel of land.
If you are in the market
for land which has a great deal of potential and if you desire to be a part of
the development of Tea, SD, one of the most rapidly growing communities of the
Sioux Falls region and northern Lincoln County, SD, which has been one of the
most rapidly growing sectors of South Dakota, the upper Midwest and even of the
United States, then make plans to inspect this property and attend this
auction. This land has a great deal of
potential as high quality commercial land, as well as a site for multi-family
& single family residential development, subject to zoning and a
comprehensive use plan. The location of
this property near two busy interstate exchanges and on the fringe of other
developed and developing area commercial and residential development,
makes this an especially unique property.
If you have vision and an entrepreneurial spirit then this is a property
which deserves your utmost attention as this property appears to be on the
leading edge of the developing growth between Tea, SD & I-29 in the years
ahead and in tempo with expanding growth of the Tea, Harrisburg & Sioux Falls
region.
This +153 acre parcel of land will be offered as a
unit. According to FSA information this
farm is estimated to have approx. 128.3 acres of total cropland with approx.
44.3 acres presently designated as effective cropland subsequent to the CRP
reduction, as approx. 84 acres of the cropland has been enrolled in the CRP
program; following the CRP reduction this farm has a 38.2 acre corn base and 83
bu. direct & 138 bu. countercyclical yields and a 6.6 acre soybean base
with a 30 bu. direct & 38 bu CC yields.
Currently the CRP on this property is enrolled in two separate contracts
- Contract #224 covers approx. 70.7 acres enrolled at a rate of $79.27/acre
(approx. $5,604.00/yr.) with this contract scheduled to expire on Sept. 30,
2010; Contract #210 covers approx. 13.3 acres of filter strips enrolled at a
rate of $96.96/acre (approx. $1,290.00/yr.) with this contract scheduled to
expire on Sept. 30, 2014; the remaining non-tillable acreage on this farm
consists of pasture/grassland, lowland/wetland/slough Nine Mile Creek, waterway
& roads. According to
LEGAL DESC.: The NE 1/4),
except the West 370.42’ of the East 2,132.80’ of the North 823.17’ thereof,
Sec. 36, T. 100N., R. 51W., (Delapre Twp.),
TERMS: Cash - A 10% non-refundable downpayment on the day of the sale and the balance
on or before November
12, 2008 with landlord’s possession, subject to the rights of the current farm
tenant for the 2008 crop year. All of
the 2007 RE taxes payable in 2008 as well as all of the 2008 RE taxes payable
in 2009 will be paid by the sellers. The
seller will retain all of the 2008 CRP payments & cash rents; with the
buyer to receive 100% of 2009 CRP Payments and any or all future rents. The new owner(s) will be obligated to comply
with all the remaining terms and provisions of the existing CRP contracts; any
penalty for failure to comply and/or penalties or costs related to early
cancellation of these contracts will be the responsibility of the new
owner(s). The acres sold are based on
the acres stated on the county tax record, with the understanding that the
acres stated are “more or less.” This property is sold as agricultural land
under present Lincoln County Zoning. Any
future zoning is subject to
BROKER PARTICIPATION WELCOME! Cooperating
Brokers must pre-register and submit opening bids prior to the date of the
auction and meet any and all other requirements for broker participation. For details concerning qualification for brokers participation, for pre-registration forms and other
related information, contact Chuck Sutton Auctioneer & Land Broker, LLC at
For Additional Information
contact LLOYD COMPANIES - Liz Lloyd or Scott Blount - 605-323-2829 or Chuck
Sutton Auctioneer & Land Broker, LLC or see www.suttonauction.com
HARRY
H. BAKKER TRUST, Owner
Sandra Johnson
& Duane F. Bakker - Co-Trustees
LLOYD COMPANIES
REAL ESTATE - Listing Broker -
Liz Lloyd &
Scott Blount, Broker Associates - ph. 605-323-2829
CHUCK SUTTON -
Auctioneer & Land Broker
-
TOM SOUVIGNIER - Auctioneer & RE Broker
Associate -