Woods Family – +/-155.24 Acres of Potential Development Land in Minnehaha Co., SD
December 10, 2021 @ 10:00 am
LAND AUCTION – Location, Location, Location!!
ATTENTION – Developers, Investors, Contractors & Entrepreneurs
+/-155.24 Acres of High Visibility Potential Development Land – To Be Offered In Multiple Parcels, Combinations of Parcels or as a Whole – Located on North Cliff Avenue/Highway #115 and Just ¼ Mile North of the I-90 Exit #399 in Northern Sioux Falls, SD in Mapleton Township Minnehaha County, SD Land and Near Developed and Developing Light Industrial & Residential Housing Occurring Near this Property in Northern Sioux Falls, SD
We will offer the following real property at auction “On Site” at the property – Located at 5801 N. Cliff Ave., Sioux Falls, SD; Located from the Jct. of N. Cliff Ave./Hwy. #115 & Exit #399 on I-90 – ¼ mile north; or from the Renner,SD Corner on Hwy. #115 – approx. 2¼ miles south.
FRIDAY DECEMBER 10, 2021 SALE TIME: 10:00 AM
Residence to be Shown by Appointment – Contact the Office of Chuck Sutton Auctioneer & Land Broker, LLC at 605-336-6315 or the Auctioneers
ATTENTION – Developers, Investors, Contractors & Entrepreneurs: This auction presents a “Very Rare” and “Once in a Lifetime Opportunity” to purchase this Century Farm that has been in the Woods Family for approx. 108 years with ownership dating back to 1913, with this land lying adjacent to and on the cusp of developed and developing development occurring in Northern Sioux Falls, SD. This auction presents a terrific opportunity to purchase land near Sioux Falls, SD that has remarkable unbridled potential in tempo with the future northerly growth 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 growth and expansion 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.
This property will be offered as Tract #1 – A +/- 5.97Acre Improved Acreage Site/Farmstead; Tract #2 – The North +/- 72.83 Acres; Tract #3 – The South +/-76.44 Acres; Tracts #1 & #2 – +/-78.8 Acres; Tracts #2 & #3 – +/-149.27 Acres or as Tracts #1, #2 & #3 Combined the +/-155.24 Unit.
The Woods Family has had countless inquiries and individuals that have approached them in recent decades with interest in purchasing this property and they had resisted due to their long tenure of ownership and affection for this land, although now to the death of one of the family members and the remaining multi-fractioned ownership, the remaining members of the Woods family have made the difficult decision to offer this property at public auction. This auction presents a “Once in a Lifetime Opportunity” to purchase an extremely well located parcel of land that has significant present value and even greater potential in tempo with the northerly growth and expansion of the City of Sioux Falls. Seldom does a property with this kind of location near Sioux Falls, SD, become available for purchase. This property has extraordinary visibility and is bordered on the south by Dike Drive, on the East by N. Cliff Ave./Hwy. #115 and on the north by 72nd Street and is conveniently located to the nearby Cliff Ave. Exit #399 on I-90, as well as being within a close proximity to existing light industrial, residential and other established businesses and development in the vicinity. The existing farmstead on the property will be offered individually as Tract #1 containing approx. 5.96 acres or in combinations with the adjacent Tracts #2 & #3 – The existing improvements on the property include a 1½ Story Hip Roofed Style Home that would require a substantial amount of renovation, repair and remodeling which would be allowed under current zoning – the main level is comprised of an open wooden front porch, front entry to a living/dining room divided by a set of pocket doors, a bedroom w/closet, ¾ bath w/shower, kitchen w/dining area with wooden cabinets and vintage decorative tin clad walls & ceiling and a rear enclosed entrance and a beautiful frosted glass in the rear door with a frosted glass elk & wildlife themed glass; the 2nd story has a north 2 room bedroom w/closet; and east 2 room bedroom w/closet, a south bedroom w/closet and an “L” shaped hallway with a walk-in closet and varnished railing around the stairwell; (both the main level and 2nd story feature wide varnished woodwork); the home has a full basement with 2 entrances including an interior access from the kitchen and a west exterior entrance and the basement includes a Heil gas furnace, elec. HW heater, 100 amp breaker elec. service, and a pressure system which is utilized in association with the well that services the property; the exterior of the home has white vinyl siding and asphalt shingles – or with demolition of the existing residence, this may be a very desirable location for establishment of a new home, although additional conditions would be required by the county for approval, which may include and not be limited to a flood plain determination and conditional use permit. Presently this property is serviced by a well, although SFalls city water may be available subsequent to payment of a water main recovery fee. Sewer is connected and serviced by the Renner Sanitary District, natural gas is provided by Mid-American Energy and electricity is provided by Xcel Energy. Other improvements on the property include a Hip Roof Barn with Red Steel Siding and Steel Roof and a wood framed storage bldg. w/red steel siding and asphalt shingles. The farmstead has an established grove, various other trees, established lawn and grassed space.
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, there may be a myriad of potential utilizations of this land in accordance with city zoning ordinances 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. A significant portion of this land presently is within Zone “AE” of the FEMA flood map and potential buyers should independently research requirements or regulations exist for any future development on this property. Presently this land is zoned as and is being utilized as agricultural farmland. According to FSA information this property has approx. 147.65 acres of cropland with a 73.60 acre corn base with a 115 bu. PLC yield and a 73.60 acre soybean base with a 33 bu. PLC yield, with the farm enrolled under the Price Loss Coverage (PLC) Election of the USDA farm program for corn and soybeans. The non-tillable acres consist of the farmstead and roads. According to the Minnehaha Co. Assessor this parcel has an Overall Soil Rating of .709, comparatively info. obtained from Surety Agri Data, Inc. indicates that this farm has an overall productivity index of .567. The general topography of this property is level to nearly level with excellent eye appeal. This property is not leased for 2022, so the new buyer will have full possession of this property to farm, lease or utilize as they may desire in accordance with county and/or city regulations as this property is within an area of Joint Jurisdictional Zoning. A subsurface exploration report as prepared by American Engineering & Testing was completed on this property in 2016 for sand, gravel and other aggregates, with the report available for review – although no mining permits have been approved, and buyers should independently research any contemplated mining operations on the premises. This property is sold under current zoning which is as agricultural land and is sold in “AS IS” Condition with no guarantees or representations asserted by the sellers for any future development of any kind, with all potential buyers urged to do their own due diligence and investigation for any future anticipated utilizations. The 2020 RE taxes payable in 2021 on this property were $6.524.88.
LEGAL DESC.: NE¼ of Sec. 26, T. 102N., R. 49W., Minnehaha Co., SD, Exc. that Portion of Tr. 1 of Peterson’s Add’n. and Except Tr. 2 of Said NE ¼ thereof; and Exc. E. Dike Place and Exc. that Portion of Tr. 1 of Spader’s 3rd Add’n. to the City of S. Falls and Adj. Lot H-1 – Containing 155.24 Acres M/L.
TERMS: Cash – A 10% non-refundable down payment sale day and the balance on or before January 26, 2022 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 sellers. 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 sellers. 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 currently zoned as agricultural and is being sold as such; 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 owners.
WOODS FAMILY FARM PARTNERSHIP, Owners
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
