11 N Madison Avenue, Eyota, MN 55934 - Olmsted County

Live and Online at Ranchandfarmauctions.com

Auction Date: 10/25/2023 Auction Time: 1:00 PM

Auction Location: American Legion, 11 N Madison Avenue, Eyota, MN 55934

Entire Farm Description:

Discover an exceptional opportunity with this 63.01+/- acre farm located on the outskirts of Eyota. Boasting high-quality tillable land and an impressive average Crop Productivity Index (CPI) of 90, this property presents a rare chance for both seasoned farmers and astute investors.

Tillable Acres: With nearly 60 acres of fertile, tillable land, this property is a haven for agricultural enthusiasts. The high-quality soil is primed for productive farming endeavors.

Pattern Tiling: The property features a pattern tiling system, ensuring effective water management and enhancing the overall productivity of the land.

Easy Access: Convenient access is guaranteed via 110th Ave SE, simplifying transportation of equipment and crops.

Investment Potential: Positioned on the cusp of Eyota, this property is a smart long-term investment choice. It offers opportunities for portfolio diversification and capital appreciation over time.

Road Frontage: The northern boundary of the property enjoys a quarter-mile of frontage along Hwy 14, providing excellent visibility and accessibility.

Railroad Access: The southern border of the property abuts the main railroad line, a valuable asset for transporting agricultural products and goods.

City Limits Proximity: The eastern boundary of the property meets the City limits of Eyota, opening doors to potential future growth and development opportunities.

Long-Term Growth: With its strategic location and versatile features, this property holds great promise for long-term growth and development in various sectors.

1031 Exchange Potential: Ideal for those seeking to perform a 1031 exchange, this farm offers an attractive option for tax-deferred real estate transactions.

Don't miss out on this outstanding opportunity to acquire a farm with high-quality tillable land, investment potential and a strategic location on the edge of Eyota. Whether you're expanding your farming operation or seeking a savvy investment, this property is a promising choice. Contact us today to explore its full potential and secure your future in agriculture and real estate.

Details:

Tract #: 1Deeded Acres: 63.01Soil Types: Racine Loam, Clyde Silty clay loam, Kasson Silt loamSoil PI/NCCPI/CSR2: 90 CPICRP Acres/payment:N/ATaxes: $2902Lease Status: Open for 2024Possession: Immediate possession subject to current tenant rightsSurvey needed?: Just surveyedBrief Legal: pt SW S10 T106N R12W Olmsted Co, MN PIDs: 62.10.32.084698Lat/Lon: 43.9975 -92.2569Zip Code:55934

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

- 59.5+-/- Tillable Acres

- Ave CPI 90

- Pattern tiled

- mile of Hwy 14 road frontage

- Great option for a 1031 exchange

- Available for 2024 planting season

- Excellent addition to any farming operation

- Near Eyota City limits

- Rail road access directly to the south

- Long term development potential

- Minutes to Mayo Clinic

- Survey just complete