OWNER: DJG Farms
PROPERTY DESCRIPTION
LandProz is pleased to present the DJG Farm in Dakota County, MN.
Attention investors, farmers, and local residents! Here is your once in a lifetime opportunity to purchase one Tract or all tracts to add to your existing operation, portfolio or residence. These tracts that are currently being leased out as crop land will sell via public auction on February 7, 2023 at 2PM.
Watch online virtually or visit our AuctionCast Studio at 1800 Roscoe Avenue, Zumbrota, MN.
Online bidding will open on Monday January 23, 2023 @ 10am [CST].
These attractive parcels of land are poised for potential future development of many different options. Possible future uses could include subdivision for residential lots or commercial options on, or very near, the bustling Highway 316 just southeast of Hastings MN near the Twin Cities of Minneapolis and St Paul.
There has been urban sprawl moving this direction for quite some time and new developments like solar or mixed use commercial development. These tracts are being split with these future potential uses in mind or buy all tracts together as one on the buyers’ choice with privilege, auction method.
Parties that purchase these tracts can lease the cropland out to the many nearby operators while waiting on future goals and enjoying farmlands safe and steady appreciation gains.
**Building entitlements are not a guarantee of a building site by seller or sellers broker and buyers should do their own due diligence**
Please contact LandProz Broker & Auction Manager Brian Haugen at 507-208-0791 or brianhaugen@landproz.com for more information regarding this property.
TRACT 1
• 40.36 +/- Deeded acres
• 35.34 +/- Tillable acres
• CPI of 55.5
• Up to 4 Building entitlements
TRACT 2
• 33.36 +/- Deeded acres
• 26.73 +/- Tillable acres
• CPI of 41.6
• Up to 3 Building entitlements
TRACT 3
• 108.46 +/- Deeded acres
• 77.14 +/- Tillable acres
• CPI of 38.5
• Up to 12 Building entitlements
TRACT 4
• 2.66 +/- Deeded acres
• 2.55 +/- Tillable acres
• CPI of 39
• 1 Building entitlement
TERMS
10% [non-refundable] down on the day of the auction. Balance is due at closing, on or about March 24, 2023. There will be a 2% buyer's premium added to the final purchase price. Cash or approved financing with no financing contingency allowed. Seller can accept or reject any and /or all bids, this is not an absolute auction. The current acres are estimated, and the final purchase price will be adjusted to the certified actual surveyed acres. These tracts will be subject to survey, at the seller’s expense, if tracts are sold separately. Any statements made the day of the auction take 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. **Building entitlements are not a guarantee of a building site by seller or sellers broker and buyers should do their own due diligence**
