Land Auction | Sibley County, MN | Cropland - Tillable | 139.5 +/- Acres | #2688 Reinhart Family Farm Auction

   Add to Calendar 2024-09-19 10:00:00.000 2024-09-19 10:00:00.000 America/Chicago Land Proz Auction Section 29 of Severance TWP - Offered as 1 Tract - Nearly All Tillable - CPI of 91.1 - SW of Gibbon, MN Section 29 of Severance TWP - Offered as 1 Tract - Nearly All Tillable - CPI of 91.1 - SW of Gibbon, MN Brian Haugen brianhaugen@landproz.com
Standard Format Auction
Sold
Type:
Sold
Format:
Standard Format Auction
Acres:
139.50 ±
County:
Sibley County
State:
MN
AuctionCast:
Thursday, September 19, 2024 10:00 am CDT

139.50 Acres
Sibley County, MN

 

 

 

 

OWNER

Reinhart Family

 

AUCTION LOCATION

LandProz.com 

or 

In-Person at AuctionCast Studios:

1800 Roscoe Avenue, Zumbrota, MN 55992

 

PROPERTY DESCRIPTION

Discover a rare chance to own this desirable 139.5 +/- deeded acres of premium farmland, located in a highly sought-after area with limited land supply. This exceptional property boasts 99% of the 139.5 +/- acres being tillable [137.56 acres], making it an ideal investment for farmers and investors alike.

The farmland is characterized by it's very high quality, boasting an outstanding CPI of 91.1, indicating strong agricultural production. The gently sloping topography of the land facilitates effective drainage and crop production. There is established drain tile system that connects to JD 7. Strategically positioned along a well-maintained blacktop road, this property offers convenient access for equipment and transportation, making it suitable for various agricultural operations. Furthermore, there are many qualified operators in the vicinity, presenting ample opportunities for collaboration or management.

This parcel represents an excellent investment opportunity for those looking to expand their agricultural portfolio or add to existing land holdings. With its prime location, high-quality tillable acreage, and the increasing demand for farmland, this property stands out as a valuable asset for investors or neighboring farmers seeking sustainable growth.

Many know land in this area of South Central Minnesota in Sibley County, just South of Gibbon, in the coveted Minnesota River Valley area, rarely comes up for sale! Don’t miss your chance to secure this prime piece of real estate!

            

            

Please contact LandProz Broker Brian Haugen at 507-208-0791 for more information regarding this property. 

 

PROPERTY FEATURES

• 139.5 +/- Deeded Acres

• 137.56 +/- Tillable Acres

• Extremely high CPI of 91.1

• Prominent soil types: Canisteo Clay Loam, Clarion Loam & Okoboji Silty Clay Loam

• Very high quality, tillable farmland

• 99% Tillable

• Very limited supply of land available in this area

• Gently sloping topography with natural drainage

• Drain tile in place with drainage outlet into JD 7

• Many qualified operators nearby

• Excellent investment for investors

• Great opportunity to add to your existing land nearby

• Lies along black top road for easy access

• Real Estate taxes $7,752

 

TERMS

$100,000 [non-refundable] earnest money down the same day, or mailed in within 3 days of auction, to LandProz. Earnest money will be held in listing brokerage escrow until closing. Only approved bidders will be registered to bid. Buyers will need to provide a letter of credit or proof of funds prior to bidding. Closing will be on or before October 25, 2024. There will be a 2% Buyer's Premium added to the final purchase price. There will be no financing contingencies. Buyers to do their own due diligence prior to bidding. Possession at closing subject to the tenants current crops to be removed. The farm will be conveyed to buyer, free of tenant rights, beyond current tenants crops being removed. 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.

 

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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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