OWNER: ALLEN J. MCGILL FARM
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AUCTION LOCATION
Moose Lodge
1623 West Main Street, Albert Lea, MN 56007
PROPERTY DESCRIPTION
These 2 parcels of land are excellent with great soil types and are pattern tiled. The Wind Tower rights payment was $11,690 on February 4, 2022 with an escalation clause of 2.5% every year until the end date. New owner will receive 2023 wind payment and thereafter.
Please contact LandProz Broker & Auctioneer Greg Jensen at 507-383-1067 for more information on this property.
TRACT 1
• 150.03 +/- Deeded acres
• 139.66 +/- Tillable acres
• CPI of 93.6
• Completely pattern tiled
• One half of Wind Tower rights and payment are also included
• Real Estate taxes $3,346
TRACT 2
• 55.14 +/- Deeded acres
• 52.10 +/- Tillable acres
• CPI of 93.8
• Pattern tiled
• Annual CRP payment of $740 [expires 2025]
• One half of Wind Tower rights and payment are also included
• Real Estate taxes $1,460
Please contact LandProz Broker & Auctioneer Greg Jensen at 507-383-1067 for more information on this property.
TERMS
$100,000 [non-refundable] down on each tract the day of the auction [if both are purchased by the same part, money down is $150,000 total]. Balance is due at closing, on or about November 1, 2022. Buyer will have possession for 2023 crop year. 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 it's accuracy.
