4200 James Ray Drive, Grand Forks, ND 58202 - Nelson County

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01/24/2023 at 10:00 AM

Center for Innovation, Ideal Lab Room

4200 James Ray Drive

Grand Forks, ND 58202

North Dakota dirt ready for a new owner. This field is currently being leased out for farming. The contract is for $77/acre but if the new owner wants to go in a different direction they will end their contract. There are approximately 100+/- acres being farmed already. This would be a great addition to somebody's established farm or an excellent investment opportunity to add to your portfolio.

Details:

Deeded acres: 160 deeded acres

FSA Farmland Acres: 155.91 FSA acres

DCP Cropland Acres: 155.91 FSA acres

Soil Types: Balaton-Wyard loams, Barnes-Sioux complex, Barnes-Buse loams, Hamerly-Tonka complex

Soil PI/NCCPI/CSR2: NCCPI 51.7

Base acres and Yield: Wheat base acres 58.34/PLC yield 51, Corn base acres 16.88/PLC yield 116, Soybeans Base 60.61/PLC yield 30

CRP Acres/payment: No CRP

Taxes: 1176.00

Lease Status: Open Tenancy for 2023 crop year

Possession: Immediate possession subject to current tenants rights for 2022

Survey needed: No survey needed

Brief Legal: NW S33 T151N R57W

PIDs: 1000000147000

Lat/Lon: 47.8568, -97.9625

Zip Code: 58212

Property Features:

- 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

- Current rental agreement is $77 per acre farmed

- Decent access

- Great investment opportunity

- Already being farmed