LAND AUCTION

Auction Location:  23313 Ideal Avenue, Silver Lake, MN 55381

Land Located: From Silver Lake, at the Jct of Hwy 7 & Co. Rd. 2 head north 4 miles, then 1 mile west on Co. Rd. 5, and south 1/2 mile on Ideal Ave. Land is on the west side of the road.

Auction Results

Tract 1

Hammer Price= $150,000

Contract Price= $157,500  

$2,254.19/Deeded Acre or $3,150/Cropland Acre

Tract 2

Hammer Price= $310,000

Contract Price= $325,500

$4,653.32/Deeded Acre or $5,425/Cropland Acre

Tract 3

Hammer Price= $137,000

Purchase Price= $143,850

$3,596.25/Deeded Acre or $5,137.50/Cropland Acre

Tract 4  

(Building Site)

Hammer Price= $70,000

Purchase Price= $73,500

TOTAL= $700,350

AUCTIONEER’S NOTE: 190+/- acres of productive McLeod County, MN farmland. This land has been in the family for over 125 years and will be offered for sale at public auction in 4 tracts. There are approximately 140+/- drain tiled tillable acres in addition to a building site.

McLeod County, MN- Hale TWP Section 9

Tract 1:

• Description: N1/2 SE1/4 less 10.13AC farmstead 9-117-28
• Deeded Acres: 69.87+/-
• Cropland Acres: 50+/-
• Soil Productivity Index: 87

Tract Note: 70 acres less farmstead with predominately Harps clay loam & Lester loam soils.

Tract 2:

• Description: S1/2 SE1/4 less 10.05AC building site 9-117-28
• Deeded Acres: 69.95+/-  
• Cropland Acres: 60+/-
• Grassland Acres: 9+/-  
• Soil Productivity Index: 88

 Tract Note: 70 acre tract less building site with Lester-Storden complex & Lester loam soils.

Tract 3:

• Description: SW1/4 NE1/4 9-117-28 
• Deeded Acres: 40+/-  
• Cropland Acres: 28+/-
• Grassland/Wooded Acres:12+/-
• Soil Productivity Index: 86

 Tract Note: North 40 acre tract with mostly cropland and a 3 acre grove of trees on the west end. Harps clay loam & Lester-Le Sueur/Storden complex soils.

Tract 4:

• Description: Tract “B” as defined by survey 9-117-28
• Surveyed Acres: 10.05+/-  
• Cropland Acres: 2.37+/-
• 40’ x 75’ Pole Shed
• 32’ x 66’ Barn
• (1) Building Entitlement

Tract Note: Well protected building site with pole shed, barn, and small amount of tillable acres. Suitable site for a hobby farm or future machinery/grain storage expansion.

TERMS: Ten percent down upon signing purchase agreement with balance due at closing in 30 days. This is a 5% buyer’s premium auction.

For a detailed Buyer’s Prospectus with complete terms and conditions,

contact Eric Gabrielson at Steffes Group 701.238.2570 or 320.693.9371

Ervin Nowak & Teresa Nowak, Owners

Downloads:
Buyer's Prospectus