Union Gospel Mission of Sioux Falls – 56.94 Acres of unimproved Perry Twp., Lincoln Co., SD Land
October 6, 2022 @ 10:00 am
LINCOLN COUNTY SD LAND AUCTION
+/-56.94 Acres of Well Located Perry Township Lincoln County, SD Land – This Land Has One Remaining Rural Housing Eligibility and is Conveniently Located Near the Lennox-Parker, SD Exit #68 on I-29 and is Located within 5 Miles of Lennox, SD and within approx. 8 Miles of Sioux Falls, SD– This Property Could Provide a Housing Site and/or Acreage-Hobby Farm, or Could be a Nice Addition to an Area Farming Operation or Investment Property
Due to the receipt of a very benevolent gift from the DiAnn Klinghagen Trust to the Union Gospel Mission of Sioux Falls and the decision by the beneficiaries to sell this property, we will offer this land at public auction “On Site” at the land located from the Lennox-Parker Exit #68 on I-29 – 1½ miles west on Co. Hwy. #116/276th Street, 1 mile south on Co. Hwy. #111/469th Ave. and ¼ mile east on 277th Street to the SW Corner of the Land; or from the Jct. of Hwy. #17 & 278th St. in Lennox, SD (Jerry’s Auto) – 3 miles east on Hwy. #122/278th St., 1 mile north on 469th Ave. and ¼ mile east on 277th St.
THURSDAY OCTOBER 6, 2022 SALE TIME: 10:00 AM
Auctioneer’s Note: We are privileged to offer this property at public auction on behalf of the Union Gospel Mission. This property features a variety of excellent amenities including 1 remaining rural housing eligibility, a great location near the community of Lennox, SD, the Lennox-Parker Exit on I-29, is within 10 miles of Sioux Falls, SD and just a ¼ mile from an oil highway! This farm has approximately 51 acres tillable and has some productive soils. If you are in the market for a parcel of land with many excellent amenities to utilize as a rural housing site and/or hobby farm, land as an addition to a row crop farming operation or as an addition to your investment portfolio, then make plans to inspect this property and be in attendance at this auction!
According to Lincoln County Assessor’s information this property contains a total of +/-56.94 acres. This is a very well located property conveniently located near the Lennox Exit #68 on I-29, and a short drive from Lennox, SD, Sioux Falls, SD, other nearby communities, grain markets and other area points of interest. According to FSA information this property has approximately 50.9 acres of cropland, with an FSA 23.7 acre corn base with a 137 bu. PLC yield and a 25.8 acre soybean base with a 42 bu. PLC yield. According to the Lincoln County Assessor this land has a respectable overall soil rating of .784, comparatively info. obtained from Surety Agri Data, Inc. indicates this land has a soil rating of 71.9 with over 70% being comprised of Class I and II soils. This land has good eye appeal with a level to gently rolling topography, with the nontillable areas comprised of roads, waterways, a couple of lowland pockets & drainage. According to Lincoln County Planning and Zoning this property has 1 rural housing eligibility. This land is available for a new owner to farm or lease as they desire in 2023.
LEGAL DESC.: The S½ SW¼, Except Mueller’s Tracts, Sec. 24, T. 99N., R. 51W., (Perry Twp.), Lincoln Co., SD.
TERMS: Cash – A 10% non-refundable earnest money payment sale day and the balance on or before Nov. 22, 2022 with full possession for the 2023 crop year. Marketable Title will be conveyed with an owners title insurance policy provided with the cost divided 50-50, additionally a title company closing fee, if any, will be divided 50-50. All of the 2021 RE taxes payable in 2022 in the amount of $1,226.54, as well as all of the 2022 RE taxes payable in 2023 will be paid by the seller. This property is being sold based on the acres as stated on the county tax records, with the acres understood to be “more or less”. The sellers do not warranty or guarantee that the existing fences lie on the on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA cropland, yields, bases & other information is estimated and not guaranteed and are subject to county committee approval. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any. Information contained herein is deemed to be correct but is not guaranteed. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the Board of the Union Gospel Mission of Sioux Falls and/or their designee. To make arrangements for absentee bidding or other information contact the auctioneers.
UNION GOSPEL MISSION OF SIOUX FALLS – Owner
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315
JARED SUTTON, CAI – RE Auctioneer & Broker Assoc. – Flandreau, SD – ph. 605-864-8527
TOM & TED SOUVIGNIER – Auctioneers & RE Broker Associates – Canton, SD – 605-987-2404