Vander Schaaf Trust – +/-260.06 Acres of Potential Development Land – Minnehaha Co., SD

LAND AUCTION – Location, Location, Location!!   ATTENTION – Developers, Investors, Contractors & Entrepreneurs

+/-260.06 Acres of Prime Potential Development Land – Including 2 Parcels of Land with Excellent Locations – Consisting of PARCEL #1 – +/-202.65 Acres of Mapleton Township Minnehaha County, SD Land Located Near and Adjacent to Existing Commercial & Residential Development and at the Cross Section of I-90 & I-229 and Near the North Cliff Avenue Highway #115 & I-90 Exit #399 in Northern Sioux Falls, SD; and PARCEL #2 – +/-57.41 Acres of Springdale Township Lincoln County, SD Land Lying Adjacent to 85^th Street (270^th St.) between South Southeastern Ave. & South Cliff Ave. and Near the Sioux Falls Christian High School,

USF Football Stadium, as well as nearby Developed and Developing Residential & Multi Family Housing Occurring Near this Property in Southern Sioux Falls, SD  We will offer the following real property at auction “On Site” at each of the properties at the following designated locations and Sale Times…

WEDNESDAY NOVEMBER 10, 2021

SALE TIMES:  PARCEL #1 – 10:00 AM – +/- 202.65 Acres of Minnehaha County, SD Land;   PARCEL #2 – 2:00 PM – +/-57.41 Acres of Lincoln County, SD Land 

ATTENTION – Developers, Investors, Contractors & Entrepreneurs:  This auction presents a “Very Rare” and “Once in a Lifetime Opportunity” to purchase land lying adjacent to and on the cusp of development to the City of Sioux Falls, SD.  This auction presents a terrific opportunity to purchase land near Sioux Falls, SD that has remarkable unbridled potential.  These properties have been owned by the Vander Schaff Family for several decades and now due to the recent death or Rosemary Vander Schaaf, and at the direction of her Trustee – The First National Bank in Sioux Falls Trust Department, we will offer these properties at public auction.  This auction is especially unique in that it will include two properties that lie within the northerly and southerly development expansion of the City of Sioux Falls, SD.  If you are in the market for a parcel or parcels of land which have a great deal of future potential and if you desire to be part of the development of Sioux Falls, SD – a rapidly developing community and the largest city in South Dakota, then get your financing ready, come prepared to bid and make plans to attend this auction. 

10:00 AM – PARCEL #1 – +/-202.65 Acres of Mapleton Township Minnehaha County, SD Land – Located from the Jct. of N. Cliff Avenue & Exit #399 on I-90 in Sioux Falls, SD – Approx. ½ mile north on Hwy. #115 (North Cliff Ave.) and ½ mile east on 72^nd Street North or from the Renner, SD Corner on Hwy. #115 – 2 miles south on Hwy. #115 (475^th Ave.) and ½ mile east on 72^nd Street North; or alternatively from the Renner Corner – Go 1 mile east on 258^th St. and 2 miles south on Co. Hwy. #125 ((476^th Ave. to the NE corner of the land which is at the Jct. of N. 72^nd St. & 476^th Ave.; the east side of the farm adjoins the north drive-off of I-229 exiting onto 476^th Ave. (Co. Hwy. #125).

This property will be offered as a +/-202.65 Acre Unit.  Probably no better opportunity has been presented in recent years to purchase land with any better location or any of the other unique attributes of this property, as this is truly a “One of a Kind” property.  If you are in the market for land which has a great deal of present and future potential in tempo with the northerly development of the City of Sioux Falls, SD, then is a property that deserves your utmost attention.  This property has high visibility and is bordered on the south by I-90, on the west by developed and developing commercial and residential development on the east, by East 72^nd Street on the North and by I-229 at the southeast corner of the property is at the Jct. of I-90 & I-229 and at an Exit from I-229 onto Co. Hwy. #125/476^th Ave. Presently this property is not within Sioux Falls City Limits, although the west side of this property is adjacent to the City Limits. To view the southwest sector of the land turn east off of Cliff Ave. onto Robur Drive, as Robur Drive dead ends at the property and individuals can walk from that point into the property to gain an excellent view of the southwesterly sector of the land.  According to the City of Sioux Falls Planning and Zoning Office this property is within the 2040 growth plan and due to the high visibility and location of this land, anticipated future uses of this property might include areas of light industrial, multi-family and single family residential pending approval of a comprehensive development plan and amendments.  The buyer/developer to be responsible for any or all cost recovery for sanitary water, sewer and any or all other development costs. This property presently is not serviced with any city utilities and buyers should independently research utility plans and services available with the Sioux Falls City Engineers Office.  Presently this property is zoned as agricultural land.  Presently this land is being utilized as agricultural farmland and according to FSA information this property has approx.189.70 acres of cropland with a 120.20 acre corn base with a 127 bu. PLC yield and a 69.50 acre soybean base with a 33 bu. PLC yield, with the farm enrolled under the ARC County Election of the USDA farm program for corn and soybeans. The non-tillable acres consist of remnants of an old country schoolhouse situated in the east central sector of the land next to 476^th Ave., as well as acres in a grove of trees, a couple of grassland/drainage areas and roads. According to the Minnehaha Co. Assessor this parcel has an Overall Soil Rating of .681, comparatively info. obtained from Surety Agri Data, Inc. indicates that this farm has an overall productivity index of 69.9. The general topography of this property is gently rolling to rolling.  The 2020 RE taxes payable in 2021 on this property were $5,295.48. 

LEGAL DESC.:  The NE ¼ of Sec. 27, T. 102N., R. 49W., Minnehaha County, SD, Exc. that Portion of Tr. #1 of Granite Valley Second Addition Contained Therein; Together with all that Portion of the SE¼ Lying North of Lot H-1; Exc. that Portion of Tr. #1 of Granite Valley Second Add’n. – Containing 202.65 Acres M/L. 

2:00 PM – PARCEL #2 – +/-57.41 Acres of Springdale Township Lincoln County, SD Land – Located from the USF Stadium at the Jct. of 69^th & Cliff in Sioux Falls, SD – Approx. 1 mile south on Cliff Ave. and ½ mile east on 85^th Street/270^th Street; or from Southeastern Ave. & 85^th St. – approx. 1/10^th mile west. 

This property will be offered as a +/-57.41 Acre Unit.  This property is located near numerous area professional, educational, retail, and residential enterprises both currently built and developing in southern Sioux Falls, SD.  This parcel of land is located within the same section as the Sioux Falls Christian School and the USF Stadium and is within a close proximity to various businesses on South Cliff Avenue and Southeastern Avenue and area existing and developing nearby multi-family and single family housing.  If you are in the market for a parcel of land which has a great deal of present and future potential in tempo with the southerly development of the City of Sioux Falls, SD, then is a property that deserves your attention.  This property is well located lying between South Cliff Avenue and S. Southeastern Avenue and is bordered on the south by 85^th Street.  Currently this property is not within Sioux Falls City Limits. According to the City of Sioux Falls Planning and Zoning Office this property is within the 2040 growth plan and due to the high visibility and location of this land, likely anticipated future uses of this property might include areas of multi-family and single family residential pending approval of a comprehensive development plan and amendments.  The buyer/developer to be responsible for any or all cost recovery for sanitary water, sewer and any or all other development costs. This property presently is not serviced with any city utilities and buyers should independently research utility plans and services available with the Sioux Falls City Engineers Office.  Presently this property is zoned as agricultural land and is being utilized as agricultural farmland and according to FSA information this property has approx. 55.6 acres of cropland with a 27.5 acre corn base with a 144 bu. PLC yield and a 27.4 acre soybean base with a 46 bu. PLC yield, with the farm enrolled under the ARC County Election of the USDA farm program for corn and soybeans. The non-tillable acres consist of a grove of trees, a couple of grassland/drainage areas and roads. According to the Minnehaha Co. Assessor this parcel has an Overall Soil Rating of .824, similarly info. obtained from Surety Agri Data, Inc. indicates that this farm has an overall productivity index of 82.3. The general topography of this property is level to gently rolling. The 2020 RE taxes payable in 2021 on this property were $1,729.34. 

LEGAL DESC.:  The S ½ of the SE ¼ of Sec. 13, T. 100N., R. 50W., (Springdale Twp.), Lincoln County, SD; Except the RR ROW and Except Georgiades Tract 1, #2 & #3. 

TERMS:  Cash – A 10% non-refundable down payment sale day and the balance on or before Dec. 21, 2021, with full possession.  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 and a closing agent’s fee, if any, to be divided 50-50 between the buyer and seller.  All of the 2021 RE taxes due and payable in 2022 will be paid by the Trustee.  The acres in this property are to be based on the acres as determined by a survey to be completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”, with the survey cost paid by the Trust.  The sellers do not warrant or guarantee that existing fences lie on the true & correct boundary.  Any new fencing or future maintenance of fences is the responsibility of the buyer in accordance with SD law.   Presently this property is zoned agricultural and any future changes in zoning are subject to Minnehaha County Planning and Zoning and any Joint Jurisdictional Zoning with the City of Sioux Falls, SD, and are subject to any applicable related zoning conditions and requirements, with any or all future development costs to be the responsibility of the purchaser. This property is sold in “AS IS” condition and the merchantability or suitability of this property for any particular purpose is not guaranteed.  The RE Licensees in this transaction stipulate that they 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 applicable Zoning Ordinances and/or County/City Zoning Requirements.  Sold subject to confirmation of the Trustee.

**Broker Participation Welcome – Cooperating Brokers must pre-register prior to the day of the auction & meet the requirements for Broker’s Participation to qualify for a 1% commission. For details and pre-registration forms, contact Chuck Sutton Auctioneer & Land Broker, LLC– email – office@suttonauction.com or ph. 605-336-6315**

ROSEMARY VANDER SCHAAF TRUST – The First National Bank in Sioux Falls – Trustee – – Steven J. Miller, JD – Estate Settlement Administrator 

 CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315

JARED SUTTON – RE Auctioneer & Broker Assoc. – Flandreau, SD – ph. 605-864-8527

TOM SOUVIGNIER & TED SOUVIGNIER – Auctioneers & RE Broker Associates- – Canton, SD – ph. 605-987-2404

DAN UTHE – Auctioneer & RE Broker Associate – Sioux Falls, SD – ph. 605-351-2230