Excellent Clark County Cropland For Sale
We are pleased to offer the Carlson Family Quarter for Sale! This cropland contains approximately 154 tillable acres, and has excellent road access and approaches to the land. This property possesses a Surety Productivity Index of 78.4.
Buy It Now Price Offered at $7,350 per Acre until August 31, 2021; then if such property remains unsold, potential buyers can request an Auction Packet and a Sealed Bid Form from September 1st, 2021 until the sealed bid due date of 12:00 CST on October 7th, 2021. In case of an auction the Auction Packets will also be made available on AmericanLandAgency.com website starting September 1, 2021.
From Carpenter, South Dakota:
Go North on Co Rd 17/415th Ave for 4.5 miles, then turn right onto Co Rd 36 and travel .5 miles. The land will be on your right.
From Clark, South Dakota:
Go West on Co Rd 33 for 9.1 miles, then turn left onto Co Rd 17 for 7 miles, then turn left onto Co Rd 36 and travel .5 miles. The land will be on your right.
Legal Description: The Northeast Quarter (NE1/4) of Section Ten (10) in Township One Hundred Fourteen (114) North, Range Fifty-nine (59), West of the 5th P.M., Clark County, South Dakota less easements, reservations and rights of way of record.
– The land has been meticulously taken care of with proper farming practices.
– Crop rotation chart shows an active rotation of corn and soybeans.
– These acres contain dense and productive soils.
– Exceptional Lease Potential. The 2021 rental rate was $170.00 per each of the 154 tillable acres. The current lease expires as of December 31, 2021, which will allow for either an owner operator to farm these acres, or a new lease negotiation to take place between the new owner and many potential new tenants.
– Excellent Road Access.
These acres will make an excellent addition to your current farming operation or investment portfolio!
$7,350 x 160 = $1,176,000 Purchase Price
Prior Rent Analysis: $170/acre x 154 = $26,180.00
Gross Income = $26,180.00
Gross ROI = $26,180.00/$1,176,000.00 = 2.23%
Additional Sale Terms:
Tract has not been surveyed, so neither Seller nor its agent make any warranties as to the exact acres contained thereon. Sale is based on taxable acres as listed herein.
Seller accepts no contingencies in this sale, including but not limited to Buyer’s ability to secure financing. All Buyers must have all financial arrangements in order prior to sending in their offer and proof of financing or bank’s letter of approval. Tract is sold “As Is” and subject to any rights, easements, restrictions and reservations of record.
The successful buyer will be required to execute a purchase agreement and write a 10% earnest money/down payment check made payable to Brookings County Title Company Trust Account where it will be held until closing. Such earnest money/down payment is not refundable, and Buyer acknowledges by making an offer on this property that “time is of the essence” regarding the executed purchase agreement.
Closing Date shall take place no later than 60 days after the execution of a purchase agreement. Brookings County Title Company will be handling the closing of this sale.
Title insurance and the closing fee shall be split 50% Seller, 50% Buyer. Transfer fee and Deed costs shall be paid for by Seller. Deed Recording is paid for by Buyer.
Property Taxes shall be prorated to the date of closing.
Note: Seller reserves the right to accept or reject any and all offers, and to waive any defects or irregularities in the selling process. American Land Agency, LLC represents the rights and interests of Seller only, and does not have the right to compensate buyer’s agents.
All information contained herein is deemed reliable from credible sources, however, Seller and Seller’s agent make no guarantees. Any Buyer’s decision to make an offer shall be based solely on Buyer’s efforts to gather and analyze the parcel’s respective data.