Income Producing Tracts In Otter Tail/Wilkin Co, MN - 141.47 Acres

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141.47 Acres / Otter Tail County, MN

Live and Online at Ranchandfarmauctions.com

Auction Date: 02/14/2023

Auction Time: 11:00 AM

Auction Location: Old City Hall, 101 Front Street, Barnesville, MN 56514

Rare opportunity to own two excellent tracts of land in Otter Tail County and Wilkin County consisting of good tillable ground, building sites, hunting and much more. Both are income-producing investment properties that have a lot to offer.

Tract 1 Description (OTC):

63.5+/- acres in Otter Tail Co. This is a solid tillable tract of land with an average CPI of 79.24. Out of the 63.50 acres, approximately 56 acres are tillable and have been on corn/bean rotation. The entire west side of the property is bordered by township road (100th Ave) making access to the property easy with large equipment. There is also an access trail on the south side of the property that leads to literally 1000s of acres of state land that borders this property. Maybe you are looking to build? If so, there are several good building locations with easy access and no restrictions - you can do what you want with the property! Come bid your price on February 14, 2023, at the Barnesville Old City Hall.

Details:

Income-producing investment property

Good tillable ground

Close to 1000s of acres of state land

Building sites

No restrictions

Easy access to the property

Primary soils: Zell-Rothsay complex, Rothsay-Zell complex, Darnen loam

Average CPI 79.24

Sells with open tenancy for 2023

Taxes: $1306.00

Brief Legal: SW ¼ NW ¼ NW ¼ SW ¼ S6 T136N R44W Otter Tail Co, MN

Lat/Lon: 46.6234, -96.2785


    Tract 2 Description (Wilkin):

    77.97+/- acres in Wilkin Co. This tract of land provides a little bit of everything. For starters, the approximate 42.25 acres of tillable has a solid CPI rating of 81 and has been on a corn/bean rotation. The remaining acres are made up of brush, woods, cattails, ponds, and a building site. The building site has an established driveway that leads to an old barn, a few outbuildings and a non useable trailer. There is an artesian well and septic system in place.

    The woods, cattails, brush and a pond provide excellent habitat for deer, turkey, pheasant and waterfowl. The few times that we have walked the property, we flushed dozens of pheasants and witnessed good deer signs of rubs, scrapes, trails, etc. Just across the road are thousands of acres of state ground for more room to roam and hunt. So whether you’re looking to add to your current farming operation or for a place to build and hunt on, this tract would be a good one to come bid your price on. Come to the Barnesville Old City Hall on February 14, 2023.

    Details:

    Income-producing investment properties

    Good tillable ground

    Deer, turkey, pheasant, waterfowl

    Building sites

    Close to 1000s of acres of state land

    Easy access to the property

    Excellent hunting

    Primary soils: Zell-Rothsay silt loams Rothsay-Zell silt loams, Darnen loam

    Average CPI 81

    Sells with open tenancy for 2023

    Taxes: $1114.00

    Brief Legal: S ½ SE ¼ S1 T136N R45W Wilkin Co, MN

    Lat/Lon: 46.6186, -96.2861


      • Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

      • Onsite bidders should bring a government-issued ID

      • 10% down payment immediately after auction - cash, personal, or business checks accepted

      • If the 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 unless otherwise noted

      • Announcements on auction day will 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 the total purchase price will be adjusted to the surveyed acres

      • All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

      • Offered in 2 tracts

      • Income producing investment property

      • Good tillable ground

      • Close to 1000s of acres of state land

      • Building sites

      • No restrictions

      • Easy access to property

      • Great CPI ratings/Average 79.7

      • Zell-Rothsay complex, Zell-Rothsay silt loams, Rothsay-Zell complex, Darnen loam soils

      Auction Location:
      101 Front Street, Barnesville, MN 56514
      Auction Type:
      Reserve
      Auction Date:

      Auction Documents

      Real Estate Auction Terms and Conditions

      Terms Of Sale

      Thank you for participating in this auction. Please familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!

      Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read and agree to the terms and conditions. By bidding you are representing that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card or paddle number and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder. The successful bidder will be required to execute a Sales Agreement at the conclusion of the auction and submit the appropriate down payment in a timely manner as instructed by the Auctioneer.

      All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. The Broker and Auction Company represent the seller only and do not inspect properties on the bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(ies). By bidding you agree to all disclosures.

      Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quitclaim Bill of Sale unless otherwise noted in the Disclosures). The current year's taxes are prorated through the day of closing as is customary unless otherwise noted or announced on sale day.

      Or in abstract states, the seller shall provide a continuation of the abstract of title thru the date of sale for the buyer or buyers attorney to examine.

      The sale of this property may be subject to a Buyer's Premium, which will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.

      Tracts sold by the acre - The contract will indicate the current acreage, bid per acre and the high bid will be the current acreage multiplied by the high bid per acre. If a survey is required prior to closing that would result in a change to acreage, the contract will be adjusted to that acreage prior to closing and the purchase price will reflect that change in acreage.

      If a survey is required, it is typically done immediately following the auction. The per acre bid at auction will then be multiplied by actual surveyed acres to determine the final sales price at closing. The purchase agreement and sales day announcements will identify the party responsible for survey cost.

      Each high bidder must sign a purchase agreement and make a 10% non-refundable deposit immediately following the auction to the designated Title Company or escrow agent noted on the Purchase Agreement. Cash, wire transfers, cashier's checks, personal checks and business checks (electronically processed) are accepted. For online only auctions, wire transfers are the preferred method for deposits. Wire instructions will be sent from the escrow agent or title company at the conclusion of the auction or the next day. The balance of the purchase price and all closing costs are due within 30 days unless otherwise noted or announced.

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      Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

      All auctions are subject to court or seller approval unless otherwise noted as “Absolute”. Most sales are approved within 2 business days. Buyers are not allowed possession until closing and filing of the deed, at which time the property should be re-keyed if required. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.

      If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are outbid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

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      The information contained within is believed to be accurate, but Seller and Auction Company do not warrant any information contained within the description. All lines on maps are approximate and buyers should verify the information. All stated measurements including but not limited to acreage, sq footage, map dimensions, and/or sketches are stated for marketing purpose only unless it is stated that the measurements are verified by an independent surveyor or other source. All measurements shall be assumed to be approximate or more/less and obtained from sources to be considered reliable such as: government tax records, mapping software, assessor’s office records or FSA maps. Legal descriptions may be subject to existing fence/field boundaries. No warranty is expressed or implied as to the exact acreages of property. The purchase price based on these measurements entered on the purchase agreement is final unless buyer and seller have agreed otherwise in writing prior to signing. If exact acreage or square footage is a concern, the Property should be independently measured.

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      Broker Participation

      Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details. Be advised, not all auctions offer a Buyer Broker Participation Fee.

      Disclaimer:Online Bidding

      Disclaimer: Online Bidding

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      Auction Type

      Live and Online

      Subject To Seller Confirmation

      Licensing

      IN COOPERATION WITH WHITETAIL PROPERTIES REAL ESTATE LLC (40316821)

      Jeff Evans, Minnesota Broker, License # 40316820

      Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

      Jason Ziegler, Minnesota Land Specialist for Whitetail Properties Real Estate, LLC, 701-367-2376