Land for Sale in Elk Point, South Dakota

239.5 +/- Acres of Brule Township, Union County Farm & CRP Ground at Auction Tuesday, December 1st, 10:00 a.m. Auction Location: Eagles Club, 114 W. Main St., Vermillion, SD. Christensen Legacy Farms, LLP will be offering the following 3 Tracts of Land at Public Auction. The auction will be held indoors at the Vermillion Eagles Club. Tract 1: 80.0 Acres of high-quality, all-tillable farmland. Tract 1 Legal: N 1/2 of the NW 1/4 of Sec 13-92-50, Union County, SD. 80.00 Taxable Acres. Taxes are $2,338.86 Located: From I-29/Hwy 50 Junction. 4 miles east on Hwy 11, 1 mile north on 475th Ave. AgriData Surety and the Union County FSA office show this as a 100% Tillable tract of quality farmland. Soil types on this tract are predominantly Wentworth-Worthing & Worthing-Chancellor silty clay loams. Overall Productivity rating weighted average for this tract is 69.3. This is a very nice tract of level farm ground with great access on a hard-surface road. This farm has been leased for the 2027 crop season at $XXX per acre. Buyer will agree to the terms of the lease and receive full possession after the 2027 crop has been removed. It appears that there are a few acres of this farm in CRP at $241.87 per acre; if it is sold separately from Tract II, FSA will figure the number of acres accordingly (Approx 4 acres). Tract 2: 80.00 Acres of Farmland with Building Site. Tract 2 Legal: S 1/2 of the NW 1/4 of Sec 13-92-50, Union County, SD. 80.00 Taxable Acres. Taxes are $2,397.56. Located: From I-29/Hwy 50 Junction. 3 miles east on Hwy 11, 1/2-mile North on 475th Ave. This farm is adjacent to Tract 1. AgriData Surety and the Union County FSA office show this tract has approximately 75.5 acres of CRP ground with the balance in an old building site. Soil types on this tract are predominantly Wentworth-Worthing & Wentworth silty clay loams. Overall Productivity Rating weighted average for this tract is 76.8. The tract has approx. 75 acres enrolled in CRP. The contract rate on this CRP is $241.87 per acre. This contract expires in 9/30/32. The new owner will assume the CRP contract and agree to fulfill its obligations until expiration. The CRP contract is shared with a few acres in Tract 1; if the tracts sell separately, FSA will adjust accordingly. There is an older building site on this property too that would make a great site for a new home! Located on a hard-surface road, just 1/2-mile off of Hwy 50 and 4-miles from I-29 interchange. Tracts 1 & 2 will be offered individually and also as an entire tract, selling in whichever manner yields the best return to the seller. They will not be combined with Tract 3. Tract 3: 79.53 Acres of high-quality soil farmland currently in CRP lying adjacent to I-29. Tract 3 Legal: E 1/2 of the SE 1/4 less H-1 Less 7.22 acres for Portion lying South & West of I-29 AND W 1/2 of the SE 1/4 Lying North & East of I-29. 79.53 Taxable acres. Taxes are $2,096.42. Located: From I-29/Hwy 50 Junction: 2-miles east on Hwy 50, 1 1/2-mile South on 473rd Ave. AgriData Surety and the Union County FSA office show this tract as all tillable farmland currently enrolled in a CRP Program. Soil Types on this tract are predominantly Blencoe & James Silty Clay and Omadi Silt loam. Overall Productivity Rating weighted average for this tract is 73.3, with most of the farm in the 91 to 98 Rating. CRP Contracts: Tract 3 has 72.73 acres enrolled in CRP into 3 separate contracts. The new owner will assume the CRP contract and agree to fulfill its obligations until expiration. 1) 10/01/2025 to 9/30/2040: $239.30 PA x 43.14 = $10,323 annually 2) 10/01/2017 to 9/30/2032: $262.94 PA x 17.60 = $4,628 annually 3) 10/1/2016 to 9/30/2031: $241.31 PA x 11.99 = $2,893 annually Terms: 10% non-refundable down payment due the day of auction, with the balance on closing. Closing on or before January 15th, 2027. Closing Costs & Title Insurance split 50/50 between the buyer and seller.