Peterson Realty & Auction

LAND AUCTION

143.25 Acres (+/-) of Lyons Township, Minnehaha Co. SD Land w/3

Rural Housing Eligibilities, 10 Miles North of Sioux Falls, SD On I-29.

We will offer at Public Auction the following described Real Estate located from Sioux Falls, SD (Jct. I-29 & Russell St.), 12 miles north on I-29 to the Baltic Exit #94, ½ mile west on Hwy 114 (205th St.), 2 miles south on 471st Ave. & ¼ mile east on 252nd St; or from Baltic, SD 2 ½ miles west on Hwy 114, 2 miles south on 471st Ave. & ¼ mile east on 252nd St; or from Colton, SD 1 mile south on Co. Hwy 149 (Watch For Auction Signs)

Tuesday – August 10, 2010 Sale Time-10:00 a.m.

Here is an opportunity to purchase 143.25 (+/-) acres located 10 miles north of Sioux Falls, SD adjacent to I-29 with 3 rural housing eligibilities. These parcels would make very attractive rural home sites as well as excellent opportunity for farmers to expand there existing farming operation or for investors in the market for well located productive Minnehaha County, SD land. This land is highly productive land with an excellent location within 10 minutes of Sioux Falls, SD.

Tract I: 106.96 (+/-) Acres.

According to F.S.A. Information this 106.96 acres has approximately 100 acres tillable. This tract according to Minnehaha County Planning & Zoning has two rural housing eligibilities (1 by permitted use & one by conditional use). This tract is ideally located on I-29 and would make a very attractive building site.

Legal Description: Tract 4 of Moan’s Add. in Sec. 12, T-103-N, R-50-W, Lyons Twp., Minnehaha Co., SD.

Tract II: 36.29 (+/-) Acres.

Location: From the Jct. of 471st Ave. & 251st St. ¼ mile east; from the Baltic Exit 94 on I-29 ¼ mile west on Hwy 114, 1 mile south and ¼ mile east on 251st St.

According to F.S.A. Information this tract has approximately 31.4 acres of cropland with an estimated 13.7 acre corn base and an 81 bus. direct and 81 bu. cc yield and a 17.2 acre soybean base with a 30 bu. direct and 30 bu. cc yield. This tract is bordered on the north by 251st St. and on the east by I-29 and would be an extremely desirable site for a new home.

Legal Description: Tract 7 of Moan’s Add. in Sec. 12, T-103-N, R-50-W, Lyons Twp., Minnehaha Co., SD.

Tracts I & II will be offered individually or as a unit. We invite you to inspect this property at anytime. For further information please contact the Auctioneers and R ealtors or visit our website www.burlagepeterson.com. Come prepared to buy.

TERMS – 10% non-refundable earnest money deposit due day of sale on each tract. Balance due on or before October 15, 2010. Combined terms if sold as a unit. 2010 RE Taxes to be paid by Seller. Title Insurance and closing fee cost split between Buyer and Seller. Sold subject to any easements, right of ways, or restrictions. Sold subject to confirmation of the Seller. Auctioneers & Realtors represent the Seller in this transaction. All statements and descriptions believed accurate but not guaranteed. Statements made day of sale take precedence over all written material. The seller does not warranty or guarantee that the existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the purchaser, pursuant to South Dakota statues.

M.A. LUND - Owner

Auctioneers & Realtors Auctioneer & Land Broker

Jim, Scott, & Bob Peterson, Lenny Burlage Chuck Sutton

Burlage Peterson Realty & Auctioneers Sutton Auction, LLC

317 4th Street – Brookings, SD 57006 Sioux Falls, SD

605-692-7102 605-336-6315