OWNER
Edward M. Gregory
AUCTION LOCATION
LandProz.com
or
In-Person at The Mill Event Center:
310 2nd Avenue SW, Waseca MN
PROPERTY DESCRIPTION
LandProz is pleased to present the Edward M. Gregory Trust Auction in Waseca County, MN on 2 very nice parcels of tillable farmland. This beautiful, almost entirely tillable farm, will be offered to the public to bid their price via LandProz AuctionCast at LandProz.com. Online bidding will open January 28, 2025.
These 2 tracts will be sold in the choice format. Both tracts are OPEN for 2025 and beyond.
Please contact LandProz Auction Manager Alex Wayne at 507-456-6559 for more information regarding this auction.
TRACT 1
Discover a remarkable investment opportunity with this gorgeous real estate property consisting of 58.82 +/- deeded acres, of which 51.97 +/- acres are tillable. This land boasts rich Webster, Nicollet and LeSueur soils, contributing to a robust CPI of 94.5. The property is characterized by its level and efficient layout, complemented by natural drainage features that ensure optimal farming conditions.
Conveniently located along a well-maintained blacktop road, this property benefits from limited land supply in the area, making it attractive for investment. Positioned in a strong cash rent area, this tract is an excellent addition to any existing portfolio or a prime opportunity for those looking to enter the agricultural market. Don’t miss out on this chance to secure a piece of prime real estate!
• 58.82 +/- Deeded Acres
• 51.97 +/- Tillable Acres
• CPI of 94.5
• Prominent Soil types: Webster Clay Loam, Nicollet Clay Loam & Canisteo Glencoe
• 6 +/- Acres of income producing CRP
• Good access to the farm off a tar road
• Drain tile in place w/ a great outlet
• Grade "A" farm
• Pond added when new Hwy 14 opened
• Real Estate taxes $4,646
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TRACT 2
Discover a great investment opportunity with this near perfect 39.16 +/- acre, all tillable tract. This land has extemely good soils and boasts a 92.1 CPI. This tract is near perfectly square eliminating near all point rows and is as efficient to farm as they come.
Conveniently located along the blacktop road directly across from Tract 1, this is a great investment for any farmer or investor looking to add land to their portfolio. Don't miss out on this chance to secure a piece of prime real estate in Waseca County.
• 39.16 +/- Deeded Acres
• 37.2 +/- Tillable Acres [according to taxes]
• CPI of 92.1
• Prominent Soil types: Webster Clay Loam, Nicollet Clay Loam & Canisteo Glencoe
• Near perfect 40
• Efficient to farm as it is a square
• No point rows
• Drain tile in place
• Grade "A" farm
• Great location on new Hwy 14
• Real Estate taxes $3,010
TERMS
$50,000 down [non-refundable] of earnest money, on each tract, on the day of the auction. Earnest money will be held in the listing brokerage escrow account until closing. Buyers will need to provide a letter of credit or proof of funds prior to bidding. Closing will be on or before April 2, 2025. There will be a 2% Buyer's Premium added to the final purchase price. Bidding is dollars per deeded acres. Taxes will be pro-rated to closing date. Buyer[s] to do their own due diligence prior to bidding. 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.
