Auction Items For Sale
+/-197.26 Acres of Extremely Well Located Wayne Township, Minnehaha County Land -
ATTENTION – Aggregate, Gravel & Material Producers, Contractors, Developers, Investors, Entrepreneurs, Farm Operators & Others in the Market for a Multi-faceted Parcel or Parcels of Land Situated on the Fringe of Sioux Falls, SD and in Tempo with the Westerly Growth and Development of the City of Sioux Falls, SD
We will offer the following real property at public auction “On Site” at the Land (TRACT #1) – Located from West 12th Street Exit #79 on I-29 – 3 ½ miles west on SD Hwy. #42 (265th St.) to the SE Corner of FARM #1; from Ellis, SD – 1 ½ miles south on the Ellis Road (469th Ave.) to SD Hwy. #42, then 1 mile west on SD Hwy. #42; TRACT #2 is located from the Southwest Corner of TRACT #1 – ½ mile west on Hwy. #42 and ½ mile north on 467th Ave. with the NW Corner of TRACT #2 at the Jct. of 467th Ave. & 264th St.
FRIDAY DECEMBER 18, 2020 SALE TIME: 10:00 AM
This property will be offered as TRACT #1 - +/-117.26 Acres, TRACT #2 – 80 Acres or as a Combination of TRACTS #1 & #2 – a +/-197.26 Acre Unit.
This auction presents a terrific opportunity to purchase land near Sioux Falls, SD that has remarkable unbridled potential. The location, the prospects for gravel and aggregate production, the long-term development potential and other attributes of this land make this a remarkable property! This property is on the cusp of the occurring western development of Sioux Falls, SD and is in the heart of some of the most productive gravel, sand and aggregate materials in the Sioux Falls marketplace, evidenced by the operating mining operations in the vicinity, and with the depletion of some of these nearby operations, this property could be the future crown jewel for future material production. Beyond the potential mining, this property has superb long-term development potential, evidenced by the housing in and around the area. Presently this land is being utilized as agricultural farmland and according to FSA information this property as a combined parcel has approx. 194.04 acres of cropland; individually TRACT #1 has approx. 116.26 acres of cropland with a 54.75 acre corn base with a 173 bu. PLC yield and a 50.17 acre soybean base with a 35 bu. PLC yield; TRACT #2 has approx. 77.78 acres of cropland with a 36.63 acre corn base with a 173 bu. PLC yield and a 33.55 acre soybean base with a 35 bu. PLC yield; with both Farms enrolled under the ARC County Election of the USDA farm program. The non-tillable acres consist of a couple of grassland/drainage areas and roads.
The prospects for mining of gravel and other aggregates is prevalent based on borings and testing conducted on the property at the request and expense of the owners – the earliest being 1987 by SDGS Drilling Company, in 1999 by GEOTEK Engineering and Testing and most recently in October of 2020 by American Engineering Testing, Inc., with copies of these reports available upon request. With the continued aggressive construction market in the Sioux Falls marketplace, the appetite and need for aggregate materials should flourish for many years to come, thus this property may provide a significant supply of material necessary to meet the future demands for construction materials. Furthermore, subsequent to reclamation, this property could award some residential and other development opportunities similar to those that have occurred on nearby sites. If you are in the market for a parcel or parcels of land with a myriad of amenities not commonly found on land situated in and around the Sioux Falls metro area that has significant present value and even more long term future value, then make plans to inspect this property and be in attendance at this auction.
*NOTE* - Individual Independent Testing for Gravel May be Allowed to a Limited Extent - Although Permission Must be Obtained Prior to Excavation by Backhoe or Other Equipment, with an Assurance in Writing that such test areas will be reclaimed and filled as near possible to the pre-excavated condition. Prospective Buyers desiring to do testing on the property should contact the office of Chuck Sutton Auctioneer & Land Broker, LLC to procure testing permission forms.
LEGAL DESC.: TRACT #1 – The W ½ SE ¼, Exc. H-1 & H-2 and the SE ¼ SE ¼, Exc. H-1, Sec. 17, T. 101N., R. 50W; TRACT #2 – Vacated ROW Lying Adjacent and the S ½ NW ¼ of Sec. 17, T. 101N., R. 50W.; all in Wayne Twp., Minnehaha County, SD.
TERMS: Cash - A 10% non-refundable down payment sale day and the balance on or before February 5, 2021, with full possession. Marketable Title will be conveyed and an Owner’s Title Insurance Policy will be provided with the cost of the owner’s policy divided 50-50 and a closing agent’s fee, if any, to be divided 50-50 between the buyer and seller. All of the 2020 RE taxes due and payable in 2021 will be paid by the sellers. The acres in this property are to be based on the acres as determined by a survey to be completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”, with the survey cost paid by the owners. The sellers do not warrant or guarantee that existing fences lie on the true & correct boundary. Any new fencing or future maintenance of fences is the responsibility of the buyer in accordance with SD law. Presently this property is zoned agricultural and any future changes in zoning are subject to Minnehaha County Planning and Zoning and any Joint Jurisdictional Zoning with the City of Sioux Falls, SD, and are subject to any applicable related zoning conditions and requirements, with any or all future development costs to be the responsibility of the purchaser. This property is sold in “AS IS” condition and the merchantability or suitability of this property for any particular purpose is not guaranteed. The RE Licensees in this transaction stipulate that they are acting as agents for the seller. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable Zoning Ordinances and/or County/City Zoning Requirements. Sold subject to confirmation of the Owners.
**Broker Participation Welcome – Cooperating Brokers must pre-register prior to the day of the auction & meet the requirements for Broker’s Participation to qualify for a 1% commission. For details and pre-registration forms, contact Chuck Sutton Auctioneer & Land Broker, LLC
– email –[email protected] or ph. 605-336-6315**
For additional information see www.suttonauction.com or contact the auctioneers
HEIRS OF JOHN McQUILLEN, Owners
CHUCK SUTTON - Auctioneer & Land Broker - Sioux Falls, SD - ph. 605-336-6315
JARED SUTTON – RE Auctioneer & Broker Assoc. - Flandreau, SD - ph. 605-864-8527
TOM & TED SOUVIGNIER – Auctioneers & RE Broker Associates – Canton, SD
– ph. 605-987-2404