Upcoming Auction Of 22.96+/- Acres Of Prime Lincoln TWP, Sioux County, IA Farmland And A 7.65+/- Acre Building Site To Be Sold In Two Separate Tracts
Auction Date: April 30, 2024 @10:30 A.M.
Located Adjacent To The Intersection Of US HWY 75/HWY 18 (Perkins Corner)
Tract 1: 7.65 +/- Acre Building Site With HWY 75 Frontage
Tract 2: 22.96 +/- Acres Of Farmland Adjacent To The Building Site!
Excellent Opportunity To Purchase Property In A Highly Desired Location!
Location: From Te Slaa trucking at the intersection of HWY 18 & HWY 75 West of Hull, IA go approx. 1/4 mile North to Tract 1 or you can go 1/4 mile West of the intersection to Tract 1. Tract 2 is located directly West & North of Tract 1. Auction To Be Held At The Site Of The Farmland! Watch our website for inclement weather!
Auctioneers’ Note: We are honored to represent the Joyce K. Kooiker Estate in offering at auction these two outstanding properties! These properties are located in a highly desirable area and offer excellent potential! This is an opportunity that you will not want to pass up! Make plans today to purchase either one or both of these tracts of land!
Abbreviated Legal Description of Tract 1(Building Site): Parcel I in the SE1/4 of Section 29, TWP 97N, Range 45W, Sioux County, IA. Subject to all easements and public roads of record.
General Description of Tract 1 (Building Site): According to the recent survey, this property contains 7.65+/- gross acres. This property is currently being utilized as a feedlot however offers many other possibilities in addition to its current use! Buyers are responsible to check with Sioux County, IA zoning if buyers potential use will be permitted on this property. This property is located adjacent to US HWY 75 just NW of the intersection of the two major highways of HWY 75 and HWY 18 centrally located between Hull, IA, Sioux Center, IA, Rock Valley, IA & Rock Rapids, IA! This property has frontage along HWY 75 on the East side of the property and frontage on 320th St. on the South side of the property offering two access points to the property! This property has several buildings on the property which include an approx. 44ft x 120ft Quonset shed with concrete floor, a 24 x 40 machine shed, a 40 x 95 cattle shed with concrete walls/floor, an approx. 36 x 58 cattle shed with concrete walls and dirt floor. There is a well on this property not in use. This property is serviced by Mid America for elec and Rock Valley Rural Water for water. This is an outstanding opportunity to purchase a property near the busy intersection of HWY 75 and HWY 18! This type of property in these types of locations are not easy to find! If purchased in conjunction with Tract 2 offers the opportunity to purchase a large 30.61+/- acre tract of property in a prime location! The current tenants on the property own all of the feed bunks, waterers, gates, fencing, T walls, working facilities including loadout, chute, alleys etc., and an approx. 24 x 36 building which is on the property, and all equipment and personal property located on the property. The current tenant’s leases have been terminated by the seller’s attorney. Buyer of the property is responsible to verify with Sioux County, IA zoning that the buyers intended use of the property will be permitted. This property has a permanent ingress/egress access easement on the property which grants ingress/egress access to the adjoining landowner located to the Southeast of the property. This property also will receive from and will grant to the adjoining farmland parcel (Parcel H) a permanent ingress/egress access easement for the access off of HWY 75.
Abbreviated Legal Description of Tract 2(Farmland): Parcel H in the SE1/4 of Section 29, TWP 97N, Range 45W, Sioux County, IA. Subject to all easements and public roads of record.
General Description of Tract 2 (Farmland): According to the recent survey, this property contains 22.96+/- gross acres. According to survey this property consists of approx. 21.91+/- tillable acres! This farmland is currently combined with the adjoining farmland with the FSA office and will need to be reconstituted due to the recent survey which was completed on the property. According to Agri-Data this farmland has a CSR2 of 99.1 And a CSR1 of 75.1. This is an outstanding opportunity to purchase a property in an excellent area near the busy intersection of HWY 75 & HWY 18! This land has access from HWY 75 and from 320th St! If you are a younger farmer looking to purchase your first farm or an established operator looking to add a nice farm in a good area to your operation do not pass up this opportunity! It is not often that you have the opportunity to purchase properties of this size in these type of locations! Purchasing land is an investment in your family’s future! Buyer of the property is responsible to verify with Sioux County, IA zoning that the buyers intended use of the property will be permitted. This property also will receive from and will grant to the adjoining building site parcel (Parcel I) a permanent ingress/egress access easement for the access off of HWY 75.
CLICK HERE TO VIEW A VIDEO OF THE PROPERTY
Method of sale: Auction will be held at the site of the farmland. Tract 1 will be sold first in total dollars and then Tract 2 will be sold on a per acre basis. Tracts will be sold in the order listed and will not be combined in any way.
Taxes: The current Real Estate Taxes will be reassessed due to the recent survey and will be pro-rated to closing day on building site (Tract 1) and to December 31, 2023 on the farmland (Tract 2). Tax pro-ration shall be based on the assessors estimates.
Possession: Buyer of farmland (Tract 2) will receive possession for farming immediately upon the successful deposit of earnest money. (If buyer were to fail to close on the property on closing day the buyer shall forfeit all growing crops on the property) Full possession of building site (Tract 1) will be on closing day.
Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day which will be on or before May 31, 2024 on the farmland (Tract 2) and on or before August 1, 2024 on the building site (Tract 1). Buyer shall receive a clear and merchantable title to the real estate on closing day. These properties are being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. All measurements, years built and years are estimated and not guaranteed. Purchaser acknowledges and agrees that upon closing, seller shall sell and convey to purchaser and purchaser shall accept the property “As Is, where is, with all faults”. Purchaser acknowledges and agrees that purchaser has not relied and will not rely on, and seller or seller’s agent has not made and is not liable for or bound by, any express or implied warranties, guaranties, statements, representations or information pertaining to the property or relating thereto (including specifically, without limitation, property information packages or other materials distributed with respect to the property) made or furnished by seller or any real estate broker, agent or 3rd party representing or purporting to represent the seller, to whomever made or given, directly or indirectly, orally or in writing. Purchaser represents that purchaser is a knowledgeable, experienced and sophisticated purchaser of real estate and purchaser is relying solely on the purchaser’s own expertise and that of purchaser’s advisors in purchasing the property and purchaser shall make purchaser’s own independent verification of the accuracy of any documents and information provided by the seller or seller’s agents. All buyers are encouraged to do buyer’s due diligence. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. This auction is subject to court approval. If any additional information is requested, please contact auctioneers listed below. De Koster & De Koster, PLLC—Attorney for Estate
Joyce K. Kooiker Estate (American Investment & Trust As Executors)—Owners
Auctioneer/Brokers:
Mark Zomer-712-470-2526—Darrell Vande Vegte-712-470-1125— Gary Van Den Berg-712-470-2068
Blake Zomer-712-460-2552—Joel Westra—605-310-6941 — Bryce Zomer-712-451-9444
Ivan Huenink-712-470-2003—Gerad Gradert-712-539-8794
