128.31 Acres of Martin Twp., Rock Co., MN Land

Live Auction

Categories:     Land

Auction Date:

January 26, 2024 | 10:00 am

Auction Location / Nearest City:

Rock County, MN, USA

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Auction Description:

MARTIN TWP., ROCK COUNTY MN LAND AUCTION

Date: January 26, 2024 @ 10AM.

+/- 128.31 Surveyed Acres of Martin Twp., Rock County, MN Land with an Extremely High Percentage Tillable & Superb Soils – Situated in an Excellent Agricultural Area in SW MN – Located 1 ½ Miles from the SD/MN Border

** Auction brochure coming soon – please check back! **

Due to the current Multi-Fractioned Ownerships in this land and subsequent to the death of Dr. Dean & Jeraldine “Jerry” Johnson, the various owners have made the decision to offer the following parcel of land at public auction, with the auction to be held “ON SITE” at the Land – Located From the Jasper-Pipestone MN Exit #1 on I-90 – Approx. 1 ½ mile south on 20th Ave/Co. Hwy #17 to Manley Tire (Jct. of Co. Hwy #4 & 20th Ave), then ¼ mile south on 20th Ave, & ¼ mile east on 71st St. to the NW Corner of the Land.

This auction presents an excellent opportunity to purchase a parcel of Martin Twp., Rock County MN Land. This is a very productive parcel of land which is virtually all tillable as it is an inside +/-128.31 Acre parcel with very little waste acres, bordered by a roadway along the north side of the property. Additionally, this parcel has good location lying near the SD-MN Border. This would be an excellent parcel of land to add to an area row crop farming operation and/or investment property. Make plans to inspect this property and be in attendance at this auction or contact the auctioneers to make arrangements for absentee bidding.  THIS PROPERTY WILL BE AVAILABLE WITH FULL POSSESSION TO THE BUYER TO FARM OR LEASE IN THE 2024 CROP YEAR. 

This surveyed parcel of land will be offered as a +/-128.31 acre unit. According to FSA information this farm has an extremely high percentage tillable with +/-127.40 acres of cropland with a 75.50 acre corn base & a 169 Bu. PLC Yield as well as a 31.70 acre soybean base with a 42 Bu. PLC yield and has been enrolled under the ARC County election for corn and soybeans of the USDA farm program. According to Rock County Assessor’s information this farm has a CER of a 77.6. Comparatively, information obtained from Surety Agridata, Inc. indicates this land has productivity index of an 89.4 w/ predominantly Class I & II Soils. The general topography of this land is gently rolling to somewhat undulating.  The RE taxes payable in 2023 on this property were $3,976.00. This property has been maintained in an excellent agricultural state of production and is located in a prominent agricultural area and could serve the needs of a variety of buyers in the market for Rock County, MN land.

ABBREV. LEGAL DESCRIPTION: That Part of the N1/2 of Sec. 1, T. 101N., R. 47W. (Martin Twp.), Rock County, MN

TERMS: CASH – A 10% nonrefundable earnest money payment on the day of the sale and the balance on or before March 15, 2024, with full possession for the 2024 crop year.   Marketable Title will be conveyed and at the option of the seller either an abstract of title continued to date or an owner’s title insurance policy will be provided to the buyer for examination prior to closing, if title ins. is utilized the cost of the owner’s policy will be divided 50-50 between the buyer and seller. The acres sold are based on the acres as determined by a recent Survey Completed by Stockwell Engineers, Inc., with the acres understood to be “more or less”.  The closing agent’s fee will be divided 50-50 between the buyers and sellers.  All of the RE taxes payable in 2023 will be paid by the sellers with the buyer(s) to be responsible for payment of all of the RE taxes due & payable in 2024.  The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to MN statutes. FSA cropland acres, yields, bases & other information are estimated and subject to County Committee approval. This property is sold in “AS IS” Condition and subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable county zoning ordinances. One or more of the owners of this property may desire to utilize this property in connection with a 1031 Tax Free Exchange, and if so the buyer will agree to cooperate with the facilitation of the exchange, with any related costs in connection with the exchange to be paid by the party utilizing the exchange. Information contained herein is deemed to be correct but is not guaranteed.  The RE licensees/auctioneers in this transaction stipulate that they are acting as agents for the sellers. Sold subject to confirmation of the Seller & Court Appointed Receiver – Pamela R. Reiter.

This property has the potential to fulfill the needs of a variety of buyers including those looking for a parcel of land to add to their row crop farming operation, crop/livestock operation and/or their investment portfolio.  This land is located in a prominent agricultural area of Rock County, MN that must be seen to be appreciated! To view Additional Information pertaining to this property see the Sutton Auction Website at www.suttonauction.com or with other questions or to make arrangements for absentee bidding, contact the auctioneers.  

MARK D. GATH, OWNER & THE ROBERT RAE FARMS LIMITED PARTNERSHIP, OWNER – PAMELA R. RIETER – Court Appointed Receiver for Robert Rae Farms

Damon Eisma – Eisma & Eisma Attorneys at Law – Attorney & Closing Agent – Ph. 507-283-4828

 CHUCK SUTTON – Auctioneer & Land Broker – Mn. Auct. Lic. – #59-26 – Sioux Falls, SD – 605-336-6315

JARED SUTTON, CAI – RE Salesperson & MN Auct. Lic. #59-72 Flandreau, SD – ph. 605-864-8527

DEAN STOLTENBERG – RE Salesperson & Auct. – MN Auct. Lic. #59-38 – Jasper, MN – ph. 507-829-6856

TOM SOUVIGNIER & TED SOUVIGNIER– Auctioneers – MN Auct. Lic. #67-49 & #67-87 – Canton, SD – 605-987-2404

128.31 Acres of Martin Twp., Rock Co., MN Land

Rock County, MN, USA
, MN

Auction Location / Nearest City:

Rock County, MN, USA

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