Holmes – 156.03 Acres of Unimproved Lyons Twp., Minnehaha Co., SD Land
December 28, 2022 @ 10:00 am
ESTATE LAND AUCTION
+/-156.03 Surveyed Acres of Productive Extremely Well Located Lyons Twp., Minnehaha County, SD Land – Located Adjacent to 2 County Highways Between Crooks & Lyons SD w/4 Rural Housing Eligibilities
Due to the multifractioned number of beneficiaries, the Diane Holmes Family, LLC, have made the decision to offer this property at Public Auction with the Auction to be Held “On Site” at the Land near the Jct. of 467th Ave. & Grand Meadow St.; or from Lyons, SD (Central Farmers Coop Grain Terminal & Rosenbauer Fire Truck Mfg.) – approx. 1½ miles south on Co. Hwy. #143/467th Ave. to the NW Corner of the Land at the Jct. of Hwy. #122/254th St. and Hwy. #143/467th Ave.; from Crooks, SD – approx. ½ mile north on Co. Hwy. (470th Ave.) to the Hwy. Curve, then west 3 miles on 256th St. and 1½ miles north on 467th Ave. to the SW Corner of the land; or only approx. 9 miles northwest of Sioux Falls, SD.
WEDNESDAY DECEMBER 28, 2022 Sale Time: 10:00 AM
Auctioneer’s Note: Attention Row Crop Operators, Investors and Individuals Seeking a Well Located Property with Excellent Housing Potential for Establishment of a Spectacular Rural Acreage Site or Multiple Housing Sites. This is an extremely well located parcel of land with a rolling terrain that lies adjacent to two County Hardsurfaced Highways and is conveniently located to Crooks, Lyons & Sioux Falls, SD, I-29, the Tri-Valley School Complex & other area points of Interest. This auction presents a great opportunity to purchase a very well located parcel or parcels of land with an extremely high percentage tillable. According to Minnehaha County Planning and Zoning this property has 4 rural housing eligibilities. If you are in the market for a parcel of land with multiple appealing amenities that is a “Rare Find” in the Sioux Falls & Minnehaha County, SD marketplace, then mark your calendars and plan to inspect this property prior to sale day and plan to participate in this auction!
This Property Will Be Offered As – PARCEL #1 – The North +/-76.53 Acres; PARCEL #2 – The South +/-79.50 Acres or PARCELS #1 & #2 Combined – The +/-156.03 Acre Unit. This auction presents the opportunity to purchase parcel of land that has a superb location bordered by two County Highways, bordered on the north by Co, Hwy. #122 which is also 254th Street and on the west by Co. Hwy. #143 which is also 467th Ave. that has a multiplicity of other desirable amenities including a high percentage tillable, productive soils, a rolling terrain which affords some areas well suited for use of the 4 remaining housing eligibilities attached to this property in accordance with Minnehaha County Planning & Zoning and a great location for commuting to and from the property and farm to market access for transportation and marketing of grains and more!! According to FSA info. this farm as a unit has approx.155.18 of farmland with 149.93 acres of cropland with an FSA 90.10 acre corn base and a 125 bu. PLC yield and a 57.10 acre soybean base with a 34 bu. PLC yield. According to the M’haha. Co. Assessor this property has an overall soil rating on the N½ NW¼ of .629 and on the S½ NW¼ of .721; comparatively information obtained from Surety Agri-Data, Inc. indicates the NW ¼ in its entirety has an overall soil productivity index of 67.4. The general topography of this land is gently rolling to somewhat undulating. The terrain of this land could present some areas that could provide some phenomenal locations for potential future housing development and use of the 4 rural housing eligibilities assigned to this property by M’haha. County Planning and Zoning – 2 available on the north 80 and 2 on the south 80 with 1 available & 1 by conditional use – buyers are invited to contact M’haha. Co. P&Z for specifics concerning the housing eligibilities. Currently there are 5 highway approaches into this land, although use of the existing or other additional driveways will be subject to approval by the Minnehaha Co. Highway Dept. The sellers prior to or simultaneous with closing will grant a mutual access easement at the SW Corner of the property to benefit both the owners of the NW¼ and SW¼. Minnehaha Community Rural Water has existing lines located on the north side of 254th Street. And on the west side of 467th Ave. – Individuals with questions concerning availability and costs for obtaining water should contact Minnehaha Rural Water @ 605-428-3374. The 2021 RE taxes payable in 2022 on this property were $1,316.08 on the N½ NW¼ and $2,044.04 on the S½ NW¼ for a combined total of $3,360.72. This is a very desirable parcel of land with housing possibilities and other appealing amenities that would make an excellent addition to an area row crop operation or investment.
LEGAL DESC.: The N½ NW¼, exc. Co. Auditor’s Lots H-1 & H-2, and the S½ NW¼, Exc. Co. Auditor’s Lot H-1, all in Sec. 29, T. 103N., R. 50W., (Lyons Twp.), Minnehaha Co., SD.
TERMS: CASH – A 10% nonrefundable earnest money payment on the day of the sale and the balance on or before February 16, 2023 with full possession for the 2023 crop year. Marketable Title will be conveyed and an Owner’s Title Insurance policy will be provided with the cost of the owner’s policy divided 50-50 between the buyer and seller. The Dell Rapids Law Firm will be the closing agent for this transaction, with the closing fees paid by the sellers. The acres being sold are based on the acres as determined by a survey as completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. The sellers do not guarantee that existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the buyer(s) pursuant to SD Law. All of the 2021 RE taxes due in 2022 in the amounts of $1,316.88 on the N½ NW¼ and $2,044.04 on the S½ NW¼, as well as all of the 2022 RE taxes payable in 2023 will be paid by the owners. This property is sold in “As Is Condition” and the information contained herein is deemed to be correct, but is not guaranteed. The RE licensees in this transaction are acting as agents for the seller. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Minnehaha County Zoning Ordinances. Sold subject to confirmation of the Manager of the Diane Holmes Family, LLC.This land has potential to provide exceptional cash flows and would make excellent addition to an area row crop operation and/or investment property. To make arrangements for absentee bidding or for addt’l information contact the auctioneers.
DIANE HOLMES FAMILY, LLC, Owner –Robert D. Harvey, Manager
– Dean A. Hammer – Dell Rapids Law Firm – Attorney & Closing Agent for the Sellers – Dell Rapids, SD – ph. 605-428-5444
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
JARED SUTTON, CAI – Auctioneer & RE Broker Assoc. – Flandreau, SD – ph. 605-864-8527
TOM & TED SOUVIGNIER – Auctioneers & RE Broker Associates – Canton, SD – ph. 605-987-2404