Schaefer – +/-118.97 Acres of Unimproved Buffalo Twp., Minnehaha Co., SD Land

Auction Date:

February 04, 2026 | 10:00 am

Auction Location / Nearest City:

Colton, SD, USA

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Auction Description:

Schaefer – +/-118.97 Acres of Unimproved Buffalo Twp., Minnehaha Co., SD Land
Date/Time: February 4 @ 10:00 am
Location: Near Colton, SD

Auction Brochure: https://www.suttonauction.com/wp-content/uploads/2026/01/Schaefer-Land-Auction-Brochure-2026.pdf

ESTATE LAND AUCTION

+/-118.97 Acres of Multifaceted Well Located Buffalo Township, Minnehaha County, SD Land with a Mixture of Productive Cropland, Hayland/Pasture & Hunting and Recreational Habitat & 2 Rural Housing Eligibilities

On behalf of the Heirs of the Heirs of Walter Schaefer, Sr., we will offer the following real property at auction “On Site at the Land” – Located from Colton, SD – 7 miles west on Co. Hwy. #110 (248th St.) to Buffalo Trading Post on Hwy. #19, then 3 miles north on Hwy. #19, 1 mile west on 245th St. (Co. Hwy. 104) and ¼ mile south on 456th Ave. to the NE Corner of the land; from Humboldt, SD – 13 miles north on Hwy. #19 to 245th St., then 1 mile west on 245th St. and ¼ mile south on 456th Ave.; or from Madison, SD – 10½ mile south on Hwy. #19, then 1 mile west on 245th and ¼ mile south on 456th Ave.

This auction presents the opportunity to purchase a multifaceted parcel of land with a mixture of productive cropland, as well as acres of hayland, pasture, with areas that potentially could provide some hunting and recreational opportunities for deer, pheasants, waterfowl and other area wildlife which may be enhanced by the location of this property being situated in a triangle between Diamond Lake, Buffalo Lake and Island Lake. Additionally, this property has some hillsides and scenic locations for utilization of the housing eligibility(s) or as a hobby/recreational farm and/or addition to an area farming operation or investment.

This property consists of a parcel of Minnehaha County, SD land that will be sold in accordance with surveyed acres as determined by Midwest Land Surveying, Inc. According to FSA information this farm is indicated to have 120.46 acres of Farmland with 96.98 acres of cropland with a 59.90 acre corn base with a 125 bu. PLC yield, an 11.50 acre soybean base with a 37 bu. PLC yield and a small 3.80 acre oats base with a 60 bu. yield; although currently it appears that approx. 72.43 acres were planted to beans in 2025, with the remainder of the cropland acres utilized as hayland and approx. 23.48 acres were utilized as pastureland, which is poorly fenced. The general topography of the cropland is gently rolling to rolling and the pasture is gently rolling to hilly. According to information obtained from Surety Agri Data Inc. this land has a soil productivity index of 63. According to M’haha. County Planning and Zoning this parcel of land has 2 rural housing eligibilities with one available and one by conditional use. This property with the housing eligibility(s) could be a hobby farm with areas that afford some hunting and recreational opportunities, and in its current mode of operation would be a property well suited to serve as an addition to an area crop-livestock operation or investment property that could provide both income and recreational opportunities.

LEGAL DESC.: The SE¼ NW ¼ and the S ½ NE ¼, Except Valland’s Add’n., in Sec. 8, T. 104N., R. 52W., (Buffalo Twp.), Minnehaha County, SD.

TERMS: Cash – A 10% nonrefundable downpayment on the day of the sale and the balance on or before March 20,, 2026, with possession for the 2026 crop year. Marketable Title will be conveyed and an Owner’s Title Insurance Policy will be provided with the cost of the owner’s policy divided 50-50 between the buyer & seller. Richard Ericsson of the Nelson-Ericsson Law Firm in Madison, SD, or his designee, will act as the closing agent for this transaction, with the legal and closing agent’s fees to be paid by the sellers. All of the 2025 RE Taxes payable in 2026 in the amount of $1382.82 will be paid by the sellers. This land will be sold in accordance with the acres as determined by a survey as completed by Midwest Land Surveying, Inc., with all of the survey costs paid by the sellers, with the acres sold being understood to be “more or less”. 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 SD law. FSA cropland acres, yields, bases, payments and other information is estimated and not guaranteed and are subject to County Committee approval. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable M’haha. Co. Zoning Ordinances. Information contained herein is deemed to be correct but is not guaranteed. The RE licensees in this transaction stipulate that they are acting as agents for the owners. Sold subject to confirmation of the owners. To make arrangements for online and or phone bidding contact the auctioneers.

HEIRS OF WALTER SCHAEFER, Owners
Richard L. Ericsson – Nelson & Ericsson Law Firm – Madison, SD – Attorneys & Closing Agents for the Owners

CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
WAYNE BESSMAN – RE Auctioneer – Madison, SD – ph. 605-270-4980
JARED SUTTON, CAI – Auctioneer & RE Broker Associate – Flandreau, SD – ph. 605-864-8527
& GAGE GULLICKSON – Auctioneer & RE Broker Assoc. – Flandreau, SD – ph. 605-651-3867