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PROPERTY DESCRIPTION
LandProz is pleased to present the Janice Ferguson Trust Auction in Osceola County, IA. This 145.81 +/- acres will be offered to the public to bid their price via LandProz AuctionCast at LandProz.com. This will be offered as two tracts or a whole farm option. If you are bidding on the whole farm option the total dollar amount needs to be $5,000 more than the two total numbers added together for tracts 1 and 2.
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Please contact LandProz Broker Brian Haugen at 507-208-0791 for more information regarding this property.
PROPERTY FEATURES
TRACT 1
Located in the heart of Northwest Iowa’s highly productive farmland, this exceptional 97.38 +/- acre property offers a rare combination of tillable ground, recreational land, and prime location. With approximately 63.38 +/- acres of high-quality tillable soil, boasting a strong CSR2 rating of 79.1, the farm is predominantly comprised of Okabena and Waldorf silty clay loams—ideal for consistent crop production. The property also features a scenic pond and a grassy pasture area, adding recreational appeal and potential for livestock or wildlife enjoyment. Excellent access points enhance the usability and operational ease of the land. Situated just south of Round Lake, Minnesota and west of Spirit Lake in Iowa's desirable lakes region, the north boundary of the property directly borders the Minnesota state line. It’s also conveniently located near Iowa Lake Park and its public boat launch, providing additional outdoor opportunities. This is a unique opportunity to invest in high-quality, income-producing farmland with recreational and location-based perks in one of the region’s most sought-after agricultural areas.
• 97.38 +/- Deeded Acres
• 63.38 +/- Tillable Acres
• 79.1 CSR2
• Prominent Soil Types: Okabena silty clay loam & Waldorf silty clay loam
• Pond with grass/pasture recreational land as an added bonus
• Great access point on west side of farm
• Very nearby Iowa Lake Park and boat launch
• North border of property touches Minnesota state line
• South of Round Lake, MN
• West of Spirit Lake, IA in the lakes area
• Northwest Iowa prime farmland
• Real Estate Taxes: $2,094
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TRACT 2
This outstanding 48.43 +/- acre tract of prime Northwest Iowa farmland offers a rare blend of high-quality tillable acres, recreational features, and a strategic location near the Iowa-Minnesota border. Of the total acres, approximately 43 +/- are highly productive tillable acres with an impressive CSR2 rating of 84.4, underpinned by fertile Clarion and Nicollet clay loams known for their consistency and yield potential. In addition to its agricultural value, the property includes a picturesque pond surrounded by grass and pastureland, providing excellent recreational or hobby farm potential. With strong access points, this property is easily workable and well-suited for farming operations. Located just south of Round Lake, Minnesota and west of Spirit Lake, Iowa in the highly sought-after lakes region, the property’s northern boundary touches the Minnesota state line and sits very close to Iowa Lake Park and its public boat launch—offering outdoor enjoyment just minutes away. This is a rare opportunity to own a versatile and productive piece of farmland in one of the region’s most desirable agricultural areas.
• 48.43 +/- Deeded Acres
• 43 +/- Tillable Acres
• 84.4 CSR2
• Prominent Soil Types: Clarion loam & Nicollet clay loam
• Pond with grass/pasture recreational land as an added bonus
• Great access point on east side of farm
• Very nearby Iowa Lake Park and boat launch
• North border of property touches Minnesota state line
• South of Round Lake, MN
• West of Spirit Lake, IA in the lakes area
• Northwest Iowa prime farmland
• Real Estate Taxes: $1,318
Terms
10% [non-refundable] of earnest money down, on each tract, on the day of the auction or mailed to LandProz Real Estate Trust 111 East Clark St, Albert Lea, MN 56007 within 3 business days. Earnest money will be held in the listing brokerage escrow account until closing. Only approved bidders will be registered to bid. This is being advertised as a reserve sale, and sellers may choose to accept or reject any and or all bids. Sellers may choose at sellers’ sole discretion during or after the auction sale to deem the reserve lifted on any and/or all tracts offered and at that point those tracts will be deemed absolute by the auctioneer. Buyers will need to provide a letter of credit or proof of funds to the auction manager or auction company prior to being approved for bidding. The closing will be on or about November 25, 2025. Seller will provide buyers with an updated abstract of title at sellers’ expense. There will be no financing contingencies. Bidding will be dollars per gross deeded acres X the bid price plus a 2% buyer’s premium added to the final price all due at closing. Buyers to perform their own due diligence and sellers or seller’s agent do not guarantee building or home sites as the property is being sold as-is where-is with all faults, and that seller or sellers representative is not making any warranties or representations of any nature, whether express or implied nor do any agents of seller make any warranties or representations of any nature, whether express or implied with no guarantees. Any statement made on the day of the auction takes precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee its accuracy. Attorney for the sellers is Richard E. Huffman, DeMersseman Jensen Tellinghuisen & Huffman, LLP 516 Fifth Street, Rapid City, SD 57701 Telephone: (605) 342-2814 Please contact the Auction Manager Brian Haugen at 507-208-0791 with any questions or for more information.
