OWNER: Oeltjenbruns Family Farm

AUCTION LOCATION

Torey's Restaurant

208 N Cedar Avenue, Owatonna MN 55060

PROPERTY DESCRIPTION

LandProz is pleased to present the Oeltjenbruns Family Farm in Steele County, MN. This tillable cropland will be offered to the public to bid their price via  LandProz AuctionCast at landproz.com and on site at Torey's Restaurant, 208 N Cedar Avenue, Owatonna MN. 

The auction will be broadcast live on Tuesday February 7, 2023 at 10:00am [CST].

Online Bidding will open on Tuesday January 24, 2023. 

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

The fertilizer bill can be found below, the new owner will need to reimburse the previous operator for this since it's already been applied.

TRACT 1

• 152 +/- Deeded acres

• 148.22 +/- Tillable acres

• CPI of 92.5

• Great location, just off Hwy 14

• Concrete culvert underneath the railroad tracks 

• Corn Base: 76.78

• Soy Bean Base: 75.4

• Real Estate taxes $9,536

TRACT 2

• 71 +/- Deeded acres

• 69.84 +/- Tillable acres

• CPI of 92.4

• Great location, just off Hwy 14

• Corn Base: 38.5

• Soy Bean Base: 31.3

• Real Estate taxes $4,262

TERMS

$100,000 [non-refundable] down on Tract 1 the day of the auction. $50,000 [non-refundable] down on Tract 2 the day of the auction. Balance is due at closing, on or about March 15, 2023. There will be a 2% buyer's premium added to the final purchase price. Possession will be for the 2023 crop year. New owner will pay for verified fertilizer bill. 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.