We will offer the following real estate at public auction. The land is located between the EROS Road & Slip Up Creek Road.

Directions: From I-90 & the EROS Road (Exit #402), go North 1.5 miles on the EROS Road (Hwy 121/478th Ave) to 259th Ave (land is an interior parcel just west of this intersection) OR from theintersection of  I-229 & I-90, continue North on 476th Ave to Slip Up Creek Road, then go East 1.3 miles.

The auction will be held at the Sioux Falls Convention Center,

1101 N West Ave, Sioux Falls, SD 57104.

FARMERS, INVESTORS, DEVELOPERS & HUNTERS

Don’t miss this “once in a lifetime” opportunity to purchase this unique property! Ideal location just East of Sioux Falls (just off the EROS Road) with incredible views, character & natural topography for future home sites or development. The farm land consists of 144.07+/- acres of high producing land. The primary soil types are Moody Nora (MnB & MnC) and Nora Crofton (NcC) with soil ratings at .87 & .79 & .68 respectively. According to FSA information, this farm has been operated as one unit offering 142.8 acres of crop land with a 108.3 acre corn base (76 direct & cc yield) and a 34.5 acre soy bean base (33 direct & cc yield). Real estate taxes on the entire farm are $5,887.30. Minnehaha Co Planning & Zoning states that this property has 7 rural housing eligibilities (through permitted & conditional use).

Parcel 1: 120+/- acres consisting of farm land that is nearly 100% tillable! Parcel #1 includes 3 rural housing eligibilities. Legal Description: NW 1/4, NE1/4 & SW 1/4, NE 1/4 & NW1/4, SE1/4, Sec 24-T102N-R49W, Minnehaha County, SD.

Parcel 2: 120+/- acres consisting of a mixture of farm land & pasture offering phenomenal views & building sites. There is also a working well & electricity on this site. Parcel #2 includes 3 rural housing eligibilities. Legal: NE 1/4, NW1/4 & SE 1/4, NW 1/4 & NE1/4, SW1/4, Sec 24-T102N-R49W, Minnehaha Co, SD.

Parcel 3: 40+/- acres consisting of pasture land with an incredible setting on Slip Up Creek. Parcel #3 includes 1 rural housing eligibility. There will be a 66’ easement on the north side of Parcel 3 for access to Parcel 2 if sold separately. Legal: SW1/4, NW1/4, Sec 24-T102N-R49W, Minnehaha Co, SD.

Parcel 4: 160+/- acres. This parcel is the combination of Parcels #2 & #3 as one unit with 4 eligibilities.

Terms: Parcel 1 (only) is available to be purchased prior to the auction date. Confidential written bids must be submitted with one of the auctioneers by 5:00 PM CST on December 10, 2014. Seller will confirm acceptance or rejection of the written bids by December 12, 2014. If the seller does not receive an acceptable contract to purchase, this parcel will be auctioned as scheduled on Thursday, December 18, 2014. All tracts will require a non-refundable down payment of 15% of the purchase price on the day of the sale with the balance due on or before March 16, 2015. The closing service fee and Owner’s title insurance fee will be paid equally by seller & buyer through First Dakota Title. The seller will be completing a 1031 Exchange with this land sale. The 2014 real taxes due in 2015 will be paid by the sellers. No 2015 tax proration on any parcel. Buyer to have full possession for the 2015 crop year. The sellers do not warranty or guarantee that existing fences lie on the true boundary lines and any new fencing will be the responsibility of the purchaser. FSA cropland acres, yields, bases, payments and other information is estimated and not guaranteed and are subject to County Committee approval. This real estate is sold subject to existing easements, restrictions, reservations or roads of record and usage of the land is under the jurisdiction of Minnehaha County and the City of Sioux Falls. All real estate licensees stipulate they are acting as agents for the seller and this real estate is sold subject to confirmation of the seller. 

Spader, Inc ~ Owner