Gelderman – +/-130 Acres of Unimproved Grand Meadow Twp., Minnehaha Co., SD Land

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Auction Description:

Gelderman – +/-130 Acres of Unimproved Grand Meadow Twp., Minnehaha Co., SD Land
Date/Time: February 4 @ 10:00 am
Location: On-Site

Auction Brochure: https://www.suttonauction.com/wp-content/uploads/2025/01/Gelderman-Don-Bonnie-Land-2025-brochure.pdf

+/-130 Acres of Productive Well Located Grand Meadow Township, Minnehaha County SD Land – This Property is Located Adjacent to a County Highway & Has Three Rural Housing Eligibilities and Has a High Percentage of Productive Cropland Acres and is Situated in a Prominent Agricultural Area Between Colton & Hartford, SD and Within 15 Miles of The Renner-Crooks Exit on I-29 & Sioux Falls, SD

We will offer the following real property at auction On-Site at the land located from Hartford, SD (Jct. Hwy. #38 & the Colton Road/464th Ave.) – 4¼ miles north on the Colton Road/464th Ave. (The NE Corner of the Land is at the Jct. of 464th Ave. & Grand Meadow St.; from Hartford, SD – approx. 4¾ miles north on the Colton Road (Hwy. #149/464th Ave.; from the Crooks Exit #86 on I-29 – 8 miles west on 258th St. and 3¼ miles north on 464th Ave., or from Colton, SD – Approx. 6 miles south on 464th Ave. (Hwy. #149).

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AUCTIONEERS NOTE: Attention – Row Crop Operators & Investors Seeking a High Caliber Parcel of Land to Add to an Existing Farm Operation and/or an Investment Property – This is a Well Located High Percentage Tillable Farm that is inclusive of 3 Rural Housing Eligibilities and is located lying adjacent to a County Highway #149. This land is being sold with the buyer to receive full possession of this land for the 2025 crop year, although the alfalfa acres were fertilized with P&K applied by Central Farmers Coop – Lyons, SD in the Fall of 2024, with the buyer to reimburse for these costs on sale day. SPECIAL NOTE: The Buyer will further benefit from the fertility gained from the application of +/-40 loads of cattle manure applied on this land by a vertical spreader in the Fall of 2024, which will pass with the land at “NO COST” to the buyer.

This auction provides the opportunity to purchase a high caliber well located productive parcel of farmland with a very high percentage tillable that is located in an excellent agricultural area in Grand Meadow Township in Minnehaha County, SD. According to Minnehaha Co. Assessor’s information this farm has approximately 130 total acres, which according to Minnehaha County Planning & Zoning this property has 3 remaining rural housing eligibilities. This land has very good eye appeal and a topography that is gently rolling to rolling, and subsequently has some areas that provide some scenic and attractive vantage points that could provide some excellent sites for the potential future utilizations of the remaining rural housing eligibilities. In addition to this being a very productive parcel of land, this property has a number of other excellent attributes including – 3 remaining rural housing eligibilities (1 Available & 2 by Conditional Use) and an excellent location lying adjacent to County Hwy. #149 (464th Ave.), which is conveniently located lying between Colton & Hartford, SD and within a close proximity to other nearby communities including Lyons, Crooks, SD and Humboldt, SD and also within approx. 15 miles of Sioux Falls, SD, as well as being conveniently located to the Tri-Valley High School, several area elevators and grain handling facilities and other area points of interest. According to Minnehaha County FSA information indicates this farm has approx. 123.10 acres of Cropland with an 86.2 acre corn base with a 144 bu. PLC yield and a 21.6 acre soybean base with a 42 bu. PLC yield. Currently there are approx. 23.8 acres of the cropland sowed to alfalfa (2 yrs. old with 3rd crop in 2025) and in 2024 there were approx. 99.3 acres sowed to soybeans. According Minnehaha Co. Assessor this farm has an overall soil rating of .754, comparatively information obtained from Surety Agri-Data, Inc. indicates this farm has a weighted average productivity index of 74.4. The general topography of this land is gently rolling to rolling.

According to the owners, this land has a high level of fertility due to the regular application of cattle manure that has been applied throughout the many years this property has been owned by the Gelderman family, including +/-40 loads of cattle manure that were spread on this land with a vertical spreader in the Fall of 2025 – which will pass with the land at “no cost” to the buyer. The alfalfa acres were commercially fertilized with P & K applied in the Fall of 2024 for the 2025 crop year by Central Farmers Coop at Lyons, SD at a total cost of +/-$2,500.00, with the buyer to reimburse the seller for the actual costs on sale day. The minimal non-tillable acres on this farm are comprised of a waterway and roads. The total 2023 RE taxes payable in 2024 on this property were $3,419.26. This farm has very good eye appeal and must be seen to be appreciated! If you are the market to purchase a parcel of high quality farmland as an addition to an area row crop farming operation and/or investment, then consider this property and get your financing in order and come prepared to bid on this very desirable parcel of land.

LEGAL DESC.: The SE¼, Except Kelly’s Tract 1, Sec. 27, T. 103N, R. 51W., (Grand Meadow Twp.), Minnehaha County, SD.

TERMS: Cash – A 10% nonrefundable earnest money payment sale day & balance on or before March 20, 2025, with full possession for the 2025 crop year. The buyer on sale day will pay for the fertilizer applied on the alfalfa acres by Central Farmers Coop in the Fall of 2024 for the benefit of the 2025 crop. Manure applied on this land in the Fall of 2024 will pass at “NO COST” to the buyer. Marketable Title will be conveyed and an Owner’s Title Insurance Policy will be provided with the cost divided 50-50 between the buyer & seller. A title company closing fee, if any, will be divided 50-50. The acres in this property are to be based on the acres as stated on the county tax records, with the acres understood to be “more or less”. The sellers do not warrant or guarantee that existing fences lie on the true & correct boundary, any new fencing or future maintenance of fences is the responsibility of the buyer in accordance with SD law. The 2023 RE taxes payable in 2024 in the amount of $3,419.26 have been paid by the sellers; also the sellers will pay all of the 2024 RE taxes payable in 2025. FSA yields, bases, payments or other info. is estimated and subject to County Committee approval. Information contained herein is deemed to be correct but is not guaranteed. This property is sold in “As Is” Condition and subject to existing easements, restrictions, reservations or highways of record, if any, as well as being subject to any or all M’haha. Co. Zoning Ordinances. The sellers intend to utilize this property in connection with a 1031 tax free exchange, and if so, the buyer will agree to cooperate with facilitation of the exchange, with all costs related to the exchange to be paid by the sellers. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the owners. Please mark your calendars and plan to attend this auction, or if you are unable to attend and need to make arrangements to bid absentee by phone or Online , then contact the auctioneers prior to sale day to make arrangements. Online bidders can go to www.suttonauction.com to register.

DON & BONITA GELDERMAN, Owners – Don – Cell Ph. 605-360-1031

CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls & Flandreau, SD – ph. 605-336-6315

JARED SUTTON, CAI – Auctioneer & RE Broker Associate – Flandreau, SD – ph. 605-864-8527

TOM & TED SOUVIGNIER – Auctioneers & RE Broker Associates – Canton, SD – ph. 605-987-2404

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