Storm Lake, IA Land Auction
BUENA VISTA COUNTY, IA. LAND AUCTION
A 32.74 acre parcel of high quality farmland located within the City Limits of Storm Lake, Iowa with GREAT DEVELOPMENT POTENTIAL to be sold at:
Friday, November 30, 2018 at: 10:00 A.M.
Sale conducted at the KC Hall, 1507 E. Lakeshore Dr., Storm Lake, Iowa
Land is located in Section 8 of Hayes Township being approx. 1 1/2 miles North of the Storm Lake Airport, along the West side of Highway #110.
A tract of land located in the SE1/4 NW1/4 of Section 8, Township 90 North, Range 37 West of the 5th P.M., Buena Vista County, Iowa. (Complete legal description available from Auctioneers).
GENERAL DESCRIPTION & METHOD OF SALE
This parcel of land will be offered as a 32.74 acre, more or less, unit. This is a very well located, highly productive farm parcel with outstanding development potential being located along the west side of Hwy. # 110 and adjoining a nice residential area
Surety Digital Soil Service indicates: CSR(2) of 94.9
FSA rates as: Cropland Acres: 29.5; Corn Base of 22 with a PLC yield index of 168. Current real estate taxes are $ 1,004/year.
The subject property is located within the City Limits of Storm Lake.
This sale affords an rare opportunity to acquire a prime parcel of farmland that would make a solid addition to an existing operation or an ideal Investor/Income type property AND with great developmental potential. Contact the Auctioneers for more information.
TERMS OF SALE
Purchaser(s) will be expected to pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or before December 28, 2018. Possession will be given at closing, subject to the farm lease which has been terminated and will expire on March 1, 2019. Seller will retain all of the 2018 farm income. There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding. Auctioneers represent the Sellers in this real estate auction. Any announcements made day of sale will supersede any advertising.
West Loc Development, L.L.C., Owner
Dan Connell and Ted Brown, Attorneys for Owners
Sale Arranged & Conducted By:
Green Real Estate & Auction Co.
Mike Green & Jim Green, Auctioneers
Sac City, IA., ph. 712-662-4442