237.01± Acres – Offered in 3 Tracts
93.9 CSR2!
Buyer to Receive 100% of the 2025 Cash Rent

Tract 1 – 81.17 Surveyed Acres

•        FSA indicates: 80.04 cropland acres.
•        Corn Suitability Rating 2 is 91.3 on the cropland acres.
•        This tract has pattern tile, tile maps available online.
•        Located in Section 34, Mitchell Township, Mitchell County, Iowa.
•        Tax Parcel: 06-34-200-003 = $3,068.00 Net 
•        View Tract 1 - FSA Field Map
•        View Tract 1 - Soil Map
•        View FSA 156 EZ Forms
•        View Tile Maps
•        View Recorded Survey

Tract 2 – 37.32 Surveyed Acres

•        FSA indicates: 35.90 cropland acres.
•        Corn Suitability Rating 2 is 88.5 on the cropland acres.
•        This tract has tile, tile maps available online.
•        Located in Section 34, Mitchell Township, Mitchell County, Iowa.
•        Tax Parcel: 06-34-400-005 = $1,348.00 Net 
•        View Tract 2 - FSA Field Map
•        View Tract 2 - Soil Map
•        View FSA 156 EZ Forms
•        View Tile Maps
•        View Recorded Survey

Tract 3 – 118.52 Surveyed Acres

•        FSA indicates: 115.86 cropland acres.
•        Corn Suitability Rating 2 is 93.9 on the cropland acres.
•        This tract has tile, tile maps available online.
•        Located in Section 34, Mitchell Township, Mitchell County, Iowa.
•        Tax Parcels: 06-34-400-004 = $4,568.00 Net 
•        View Tract 3 - FSA Field Map
•        View Tract 3 - FSA Field Map 2
•        View Tract 3 - Soil Map
•        View FSA 156 EZ Forms
•        View Tile Maps
•        View Recorded Survey

How to Bid: There are three ways to submit a bid for this sealed bid auction format. All sealed bids need to be received by Tuesday, April 1, 2025 at 5:00PM CDT.
1. Request a Sealed Bid Form to be completed via DocuSign. Please make requests to mason.holvoet@steffesgroup.com
2. Download Sealed Bid Form from SteffesGroup.com. Email completed form to mason.holvoet@steffesgroup.com. If emailed, it shall be the bidder’s responsibility to confirm bid form has been received.  [ Click Here ] for Sealed Bid Form
3. Make an appointment with Mason Holvoet to fill out the Sealed Bid Form.  Contact Mason at (319) 470-7372.

Terms: If you are declared the winning bidder, 10% down payment is due upon acceptance. Balance due at final settlement/closing with a projected date of May 16, 2025, upon delivery of merchantable abstract and deed and all objections having been met.
Landlord’s Possession: Projected date of May 16, 2025 (Subject to tenant’s rights on the tillable land for the 2025-2026 farming season, full possession March 1, 2026).
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions:

•        This sealed bid real estate auction will have a 5% buyer’s premium. This means the buyer’s premium in the amount of five percent (5%) of the bid amount shall be charged to the Buyer and added to the bid amount to arrive at the total contract purchase price.
•        Land will be offered in 3 tracts.
•        Buyer may submit offers on one, multiple or all three tracts.
•        Bidding will be total dollar amount, not per acre amount.
•        There will be no “final round” of bidding, unless a tie bid occurs.  If a tie bid occurs, only the parties with tying bids will be contacted to raise said bid.
•        Seller reserves the right to accept, reject or counter offer any and all bids.  Seller may enter into negotiations with one or more Bidders.
•        Down payment is due upon acceptance and signing of the purchase agreement will take place through email and electronic document signatures.  In the event the acceptance is after 3:00pm, the down payment/earnest money will be due the following business day.
• Land is selling subject to tenant’s rights on the tillable land for the 2025-2026 farming season (March 1, 2025-February 28, 2026).  Buyer(s) will receive 100% of the cash rent due in 2025; as follows:
  •       Tract 1 Buyer will receive the first half cash rent payment of $13,125.42 as a credit at final settlement/closing.  Tract 1 Buyer will receive the second half cash rent payment of $13,125.41 from the tenant, due November 1, 2025. 
  •       Tract 2 Buyer will receive the first half cash rent payment of $5,887.09 as a credit at final settlement/closing.  Tract 2 Buyer will receive the second half cash rent payment of $5,887.08 from the tenant, due November 1, 2025. 
  •       Tract 3 Buyer will receive 100% of the cash rent payment of $37,754.50 as a credit at final settlement/closing.
•        It shall be the Buyer’s responsibility to give the tenant notice of termination of the farm tenancy prior to September 1, 2025, if so desired.
•        It shall be the obligation of the Buyer(s) to report to the appropriate County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. C. Final tillable acres to be determined by the FSA office, as FSA field lines overlap Tract lines.
•        A recorded survey was completed in 1995. View SteffesGroup.com for copy of survey.
•        If one Buyer purchases more than one tract, the Seller shall only be obligated to furnish one abstract and deed (husband & wife constitute one Buyer).
•        This sealed bid auction is not contingent upon Buyer’s financing, appraisal(s), or any other Buyer contingencies.
•        If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited and paid to Seller.
•        The Buyer shall be responsible for any fencing in accordance with state law.
•        The Buyer shall be responsible for installing his/her own entrances if needed or desired.
•        If in the future a site clean-up is required, it shall be at the expense of the Buyer.
•        All mineral rights, if any, held by Seller will be transferred to Buyer upon closing.
•        This real estate is selling subject to any and all covenants, restrictions, encroachments, easements, rights-of-way, ordinances, resolutions, leases, and mineral reservations, as well as all applicable zoning laws.
•        All lines, drawings, boundaries, dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents.
•        The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
•        Steffes Group, Inc. is exclusively representing the Seller. Bidder acknowledges they are representing themselves in this real estate transaction.
•        Any announcements published or made the day of the submission deadline take precedence over advertising.