Nicolai Estate – +/-185.78 Acres of Unimproved Medary Twp., Brookings Co., SD Land
March 9, 2022 @ 10:00 am
LAND AUCTION
+/-185.78 Acres of Well Located Irrigated Medary Township, Brookings, SD Land – That Includes a Center Pivot Irrigation System Located Adjacent to Old Hwy. #77 and Within 5 Miles of Brookings, SD
In order to settle the Reuben Nicolai Estate, his trustee has made the decision to offer this property at public auction, with the auction to be held “on site” at the land located from the Pheasant Restaurant in Brookings, SD (Jct. Main Ave. S & 8th St. S.) – 5 ¾ miles south on Co. Hwy. #77; or from the Elkton/Sinai Exit #127 on I-29 – 1½ miles west on Co. Hwy (217th St.) then 1½ miles south on Co. Hwy. #77 (471st Ave.).
WEDNESDAY MARCH 9, 2022 SALE TIME: 10:00 AM
At the Option of the Purchaser – This property may be purchased with the buyer receiving full possession to farm and operate this land in 2022, or may be purchased with the existing one year lease for 2022 calculated at 183 acres x $245.00 per acre for a total amount of $44,835.00.
This Property will be offered as a +/-185.78 Acre Unit. This property has an excellent location bordered on the east by Co. Hwy. #77 (471st Ave.). This is a parcel of land which has a high percentage tillable, very good eye appeal and a level to nearly level topography. According to the FSA information this farm has approx. 184.12 total acres of cropland, of which a large percentage is covered by a center pivot irrigation system; with a large percentage 135.14 acre corn base with a 151 bu. PLC yield and a 45.05 acre soybean base with a 41 bu. PLC yield. This property includes a Reinke Model 680 low pressure center pivot 9 tower (+/-1,422’ with a Valley Conversion Package) and also includes a Berkley elec. pump with a Marathon 50 HP 3 Phase motor, water for the system is provided by a holding pond. According to the Brookings County Assessor’s information this property has a total of approx. 185.78 acres, which the county has assessed in two parcels, with the north parcel consisting of approx. 83.78 acres which has a soil rating of .529 and the south parcel containing approx. 102 acres has a soil rating of .455; comparatively info. obtained from Surety Agri-Data indicates this land has a productivity index of 49.9. According to the SD Dept. of Natural Resources this parcel has an irrigation permit #2211A-3 which the license indicates has a pump rate of 1.78 cu. ft. per second on 164 acres with a water source being from a dugout/gravel pit and potentially benefitting additional sources as outlined in a recorded transfer document conveyed to the present owners in a deed dated April 30, 2004. This is an extremely well located property situated within 5 miles of Brookings, SD with excellent highway eye appeal. If you’re in the market for Brookings County, SD land as an addition to a farming operation or as an investment, then be sure to make plans to inspect this property and be in attendance on sale day!
LEGAL DESC.: The SE ¼, Exc. H-1 thereof, and exc. the Medary Monument Site in the SE Corner thereof, and exc. Jorgensen Addition and exc. Block 3 of Vrchota Addition thereof; and the E½ SW¼, exc. Block 3 of Vrchota Add’n. thereof; and the S½ NE¼, exc. the W. 17′ of the E. 50’ thereof, for Hwy. purposes; and the S. 670’ of the E. 280’ of the NW¼; all in Sec. 26, T. 109N., R. 50W., (Medary Twp.), Brookings Co., SD
TERMS: Cash – A 10% nonrefundable earnest money payment sale day with the balance on or before April 22, 2022. At the Option of the Purchaser, either full possession or landlord’s possession for the 2022 crop year – if the purchaser desires to assume the existing lease for 2022, the buyer with receive the 2022 cash rent – Calculated based on 183 acres x $245.00 per acre for a total of $44,835.00 which will be credited in full to the buyer at closing, with the lease scheduled to expire on Nov. 1, 2022, with the purchaser to have full possession for the 2023 crop year and thereafter, subject to the rights of the current tenant to harvest the 2022 crops in accordance with the 2022 farm lease. A Trustee’s Deed will be conveyed and an Owner’s Title Insurance Policy will be provided with the cost divided 50-50 between the buyer & seller. This property is sold based on the acres as stated on the Count Tax Records, with the acres understood to be “more or less”. All of the 2021 RE taxes payable in 2022 in the amount of $2,996.22 will be paid by the sellers, with the buyer(s) to be responsible for all of the 2022 RE taxes payable in 2023. The sellers do not warranty or guarantee that existing fences lie on the true & correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA yields, bases, payments or other info. is estimated and subject to County Committee approval. Information contained herein, including irrigation system & well information and other property information is deemed to be correct but is not guaranteed. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, and subject to Brookings Co. Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the Trustee. Irrigated/Dryland Parcels of land with the kind of location in Brookings, County, SD are very difficult to find. This is a desirable offering of Brookings County, SD land that must be seen to be appreciated! The property may be inspected by interested prospects at any time at their convenience. Please mark your calendars and plan to attend this auction, or if you are unable to attend and need to make arrangements to bid by phone, contact the auctioneers prior to sale day to make arrangements.
ESTATE OF REUBEN NICOLAI – REUBEN NICOLAI REVOCABLE TRUST- Steven Nicolai, Trustee
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315,
JARED SUTTON – Auctioneer & RE Broker Associate – Flandreau, SD – ph. 605-864-8527
BURLAGE –PETERSON AUCTIONEERS & REALTORS – Brookings, SD – ph. 605-692-7102