Tillable Tract With Good CPI And Easy Access


This 80+/- acre tract is currently being farmed and has a CPI of 78. This would be a great addition to a farm already in the area or a great piece if you are looking to get into farming. It has easy access and is currently being rented out by another farmer for $9172.80 annually on 76.44+/- acres. Possession after 2020 crop harvest.

Property Details

  • CPI of 78
  • Good road access
  • 80+/- deeded acres
  • Current annual cash rent $9172.80 on 76.44+/- acres
  • 35 miles to Grand Forks
  • Bidders may participate in the auction on site or online at Proxibid.com
  • On-site auction location: Stephen Riverside Golf Course, 613 Golf Terrace, Stephen, MN 56757
  • On site bidders should bring a government issued ID
  • This sale is subject to a 2% buyer’s premium
  • 10% down payment immediately after auction - cash, personal or business checks accepted
  • If winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
  • High bidder has 30 days to close
  • Announcements on the day of the sale shall take precedence over any prior announcements
  • This is a no contingency sale and is not subject to financing or additional inspections
  • Possession at closing, subject to tenant’s rights, if any
  • If a survey is needed it will be done following the auction and total purchase price will be adjusted to the surveyed acres

270th St NW, Lot#WP001
Alvarado, Minnesota 56710