Two 35± Acres Tracts Brookings Co, SD Land Auction

Closing to take place on or before June 30, 2026. Full possession on the hayland to be given March 2^nd, 2027 as this hayland is currently leased and expires March 1^st, 2027.  Buyer to assume the CRP contract(s), which expire September 30, 2034, at closing and will receive full CRP payments of $3,150.00± starting in the Fall of 2026 if eligible through the FSA office. A buyers credit will be paid by the seller to the buyer(s) at closing in the amount of $2,500/tract. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 10% will be due at the conclusion of the sale. If the buyer is not immediately available at the conclusion of the auction, the purchase agreement and non-refundable earnest money deposit must be completed within 24 hours from the close of the auction. The balance will be due at closing. Merchantable title will be conveyed, and title insurance cost will be divided 50/50 between the buyer and seller. Closing costs are to be split 50/50 between the buyer and seller. The 2025 RE Taxes due and payable in 2026 will be paid by the seller. 2026 RE taxes due and payable in 2027 and all future tax payments will be paid by the buyer.  The seller does not warranty or guarantee that existing fences lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. No warranty is made or implied for the property boundaries, mineral rights owned, or water supply. Any mineral rights currently owned by the seller will pass to the buyer, however, the seller does not warranty or guarantee any. FSA yields, bases, payments, and other information are estimated and not guaranteed, and are subject to County Committee Approval. Information contained herein is deemed to be correct but is not guaranteed. Sold subject to existing easements, restrictions, reservations, or highways of record, if any, as well as any or all Brookings County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. A survey/plat will be provided. This is a cash sale. Property is sold “as is”. This sale is subject to Seller Confirmation. This property is subject to a 5% buyer premium. Purchaser shall cooperate with Seller on signing documents and coordination of facilitating an IRS 1031 Exchange if Seller participates in such Exchange. Announcements made day of sale take precedence over any written materials. Not responsible for accidents. Tracts will be offered individually and as a unit. Purchase Agreements will be signed according to how the bids were placed at auction.

Brokers Notes: 

Directions: 

Directions From Brookings, SD to Tract 1: From the corner of Main Street & 32^nd St South, go West for 1.5 miles. Turn South on 469^th Avenue for 1/10^th of a mile, property will be on the East side of the road.

Snapshot: 

•          Location! Location! Location!
•          Just 1 Mile Outside of Brookings City Limits.
•          Potential to Build Your New Country Home!
•          Rec Land with CRP & Hayland.
•          ¾ Mile East of Big Sioux River.
•          2 Waterways & a Dugout.

Brokers Notes: 

Location! Location! Location! This unique property features two tracts totaling 70± acres, each tract consisting of 35 surveyed acres and is ideally situated just 1 mile outside of Brookings city limits. As potential buildable acreages, this land offers the perfect balance of county living with convenient access to town. With an overall soil productivity index of 61.8%, these two tracts feature income producing qualities with a combined 43.81 acres currently in hay production and 26.19 acres under a CRP contract returning $175.89/acre and 18± acres of virgin sod in tract 2. FSA reports a total of 43.81± Cropland acres with 19.36± total base acres comprised of a 19.36± acre Corn base with a 119 bu PLC yield. This property also offers loads of possibilities for outdoor enthusiasts with 2 natural waterways, a dugout, and the Big Sioux River located ¾ of a mile South for flyways, ground cover and water sources for the wildlife corridor. With land that contains all this potential, this property would be an investment to last for generations to come. Take Advantage of this opportunity and bid to buy May 29^th!