PHILLIPS- +/-40.00 ACRES OF PRODUCTIVE LYONS TWP., MINNEHAHA CO., SD LAND

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Auction Description:

PHILLIPS- +/-40.00 ACRES OF PRODUCTIVE LYONS TWP., MINNEHAHA CO., SD LAND
Date/Time: March 26 @ 10:00 am
Location: Crooks, SD

+/-40.00 Acres Productive Lyons Twp., Minnehaha County, SD Land with an Extremely High Percentage Tillable & 1 Rural Housing Eligibility Located Near Crooks SD & Lyons SD!

We will offer the following Land at Public Auction located from the north side of Crooks, SD – 2 Miles N. on 470th Ave, 1 Mile W. on 254th St., then ¾ Mile N. on 469th Ave. From Lyons, SD – Ave, 2 Miles E. on 253rd St., or From West Nidaros Church – 2 Miles W. on 254th St. & ¾ Mile N. on 469th Ave

AUCTIONEER’S NOTE: As a benevolent gift of a portion of this property has been given to the Sioux Falls Area Community Foundation, the Phillips Family Trust & the Foundation have made the decision to offer this property for sale at Public Auction! This property deserves the attention of Row Crop Operators & Investors Seeking a High Caliber Parcel of Land to Add to an Existing Farm Operation and/or Investment Property! This property will be available to Farm or Lease for the 2025 Crop Year! Make plans to inspect this property & be in attendance at this auction! This land will be held “Onsite” at the farm with online bidding available.

*** Drone Footage & Brochure Coming Soon!! ***

This auction provides the opportunity to purchase a high caliber, well located productive parcel of farmland with an extremely high percentage tillable that is located in an excellent agricultural area of Minnehaha Co., SD. According to FSA information this parcel consists of approximately 36.33 acres of Cropland, which may be understated as according to the owner, after drain tile was installed the cropland acres calculated to be +/-38 acres, as an additional +/-1.63 acres in the NE corner of the farm were added into production at that time. FSA information indicates this property carries an 18.50 acre corn base with a 174 Bu. PLC yield & a 5.30 acre soybean base with a 43 Bu. PLC yield. According to Minnehaha County assessors information this farm has an overall soil rating of a .729. Comparatively, information obtained from Surety-Agridata Inc. indicates that this farm has a weighted average productivity index of a 74.3. According to Minnehaha Co. P&Z this parcel has 1 remaining Rural Housing Eligibility. This is a scenic property which may have potential for a future rural acreage site by utilizing the 1 assigned housing eligibility on the property. Existing Minnehaha Community RW water lines & buried electrical lines run along 253rd St. The general topography of this land is gently rolling. This parcel has been enhanced with the instillation of approximately 2,690’ of 4 & 5” drain tile completed by McArevey Excavating. This property did have tillage completed in the fall of 2024 which will pass at “no cost” to the buyer. This property was commercially fertilized with P & K applied in the Fall of 2024 for the 2025 crop year at a total cost of +/-$3,145.00, with the buyer to reimburse the previous tenant for on sale day. The 2024 RE taxes payable in 2025 on this land are $1,075.58. This farm has good eye appeal and must be seen to be appreciated! If you are the market to purchase a smaller parcel of land as an addition to an area row crop farming operation and/or investment, then consider this property be in attendance at this auction.

LEGAL DESC.: The NW ¼ of the NW ¼ in Sec. 22, T. 103N., R. 50W., Lyons Twp., Minnehaha Co, SD

TERMS: Cash – A 10% nonrefundable earnest money payment sale day & balance on or before May 16, 2025, with full possession for the 2025 crop year. The buyer on sale day will pay for the fertilizer applied for the benefit of the 2025 crop. Tillage completed 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 of title insurance & title company closing fee divided 50-50 between the buyer & seller. 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 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 RE licensees in this transaction stipulate that they are acting as agents for the sellers. Sold subject to confirmation of the owners.

PHILLIPS FAMILY TRUST & EAST BANK LAND COMPANY IV, LLC – Owners

AUCTION CONDUCTED BY SUTTON AUCTIONEERS & LAND BROKERS, LLC

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

JARED SUTTON, CAI – Auctioneer & Real Estate Broker Associate – Flandreau, SD – 605-864-8527

DEAN GULBRANSON – RE Auctioneer – Madison, SD – 605-695-0133

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