#2605 Rietsema Auction - Live With Online Bidding

   Add to Calendar 2024-02-14 16:00:00.000 2024-02-14 16:00:00.000 America/Chicago Land Proz Auction Section 28 of Geneva TWP & Sections 5, 8, 17 of Riceland TWP - Offered as 4 Tracts - 272 +/- Tillable Acres - NE of Albert Lea, MN Section 28 of Geneva TWP & Sections 5, 8, 17 of Riceland TWP - Offered as 4 Tracts - 272 +/- Tillable Acres - NE of Albert Lea, MN Greg Jensen gregjensen@landproz.com
Standard Format Auction
Sold
Type:
Sold
Format:
Standard Format Auction
Acres:
285.33 ±
County:
Freeborn County
State:
MN
Date:
Wednesday, February 14, 2024 4:00 pm CST

285.33 Acres
Freeborn County, MN
Date: Wednesday, February 14, 2024 4:00 pm CST

 

 

 

OWNER

Lorene Rietsema Trust

 

AUCTION LOCATION

Clarks Grove City Hall

101 Independence Ave, Clarks Grove, MN 56016

 

 

 

PROPERTY DESCRIPTION

LandProz is pleased to present the Lorene Rietsema Trust Farm in Freeborn County, MN. This farmland will be offered to the public to bid their price on Wednesday February 14, 2024 at 10:00am. Live & Online bidding will be available via LandProz.com. Online Bidding will open January 31, 2024.

Auctioneer's Comment: What an opportunity to own land in Freeborn County, MN. Land is most always a long term investment that pays you back many times. It's a real asset that produces year in and year out. Mother Earth is the heart & soul of life itself so owning land should be everyone's goal! 

 

Please contact LandProz Broker Greg Jensen at 507-383-1067 for more information regarding this property.

 

     

 

TRACT 1

• 75.67 +/- Deeded Acres

• 73.37 +/- Tillable Acres 

• 84.5 CPI

• Tenant/ Possession: Free to Farm for 2024 Season

• Annual Taxes: $4,786

 

        

 

TRACT 2

• 20.5 +/- Deeded Acres

• 18.61 +/- Tillable Acres

• 94.7 CPI

• Tenant/ Possession: Free to Farm for 2024 Season

• Annual Taxes: $704

 

        

 

TRACT 3

• 72.66 +/- Deeded Acres

• 68.68 +/- Tillable Acres

• 84 CPI

• Tenant/ Possession: Free to Farm for 2024 Season

• Annual Taxes: $1,836

 

        

 

TRACT 4

• 116.5 +/- Deeded Acres

• 111.82 +/- Tillable Acres

• 73 CPI

• Tenant/ Possession: Free to Farm for 2024 Season

• Annual Taxes: $2,882 

 

        

 

TERMS

$100,000 [non-refundable] down for Tracts 1, 3 & 4 and $50,000 [non-refundable] down for Tract 2 on the day of the auction. Balance is due at closing on or before March 21st, 2024. Buyer will have possession in the Spring. Field work can start the day of the auction. There will be a 2% Buyer's Premium added to the final purchase price. 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.

 

 

 

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We are proud to partner with
Landproz Real Estate LLC

LandProz Real Estate, LLC | LandProz of Indiana, LLC

111 East Clark Street, Albert Lea, MN 56007 • 507-373-5660

Broker Brian Haugen – MN, SD, IA, WI, IL, KS, MO • Broker Auctioneer Greg Jensen – MN, IA – 24-21

Broker Tim Young – OH • Broker Andrew Fansler – IN

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