VIRTUAL ONLINE
POLK COUNTY, IOWA LAND AUCTION WEDNESDAY, SEPTEMBER 28, 2022 AT 10:00 AM
444 ACRES± • SELLING IN 3 TRACTS
G&K Development, L.C. Representing Attorney: Ronald D. Fadness 900 Montgomery Street, Decorah, Iowa 52101 Phone: (563) 382-2933
Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161
ONLINE BIDDING POWERED BY:
Auction Managers: John Probasco (641) 856-7355 & Jim Huff (319) 931-9292 DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107
LOCATION The G&K Development, L.C. Farm is located in Sections 21, 22 & 27, Allen Township, Polk County, Iowa. 1 mile north of Carlisle, Iowa and in close proximity to the Des Moines, Iowa Metro area. From Exit 73 on U.S. Hwy. 65 west of Carlisle, Iowa take S.E. Army Post Rd. east ½ mile to S.E. 52nd St. Turn left or north and proceed ¾ of a mile to the white gates. Please Note: There is a key lockbox on the gates. Feel free to give the auction man- agers a call for the key code to access the farms. (Be watching for presale directional signs) TRACT INFORMATION TRACT 1 - 130 ACRES± • FSA information indicates 110.76 acres on NHEL cropland. The balance of the tract is in a waterway. • Highly productive Dockery-Quiver, Klum & Colo soils • CSR2 is 83.9! • Access is on the west by S.E. 52nd St. & on the south by S.E. 44th Ave. (Level C roads) TRACT 2 - 112 ACRES± • FSA information indicates 89.72 acres of NHEL cropland. The balance of the tract is in waterways. • Productive Dockery-Quiver, Colo & Klum soils • CSR2 is 79.9. • Access is on the southwest by S.E. 44th Ave. & S.E. 56th St. (Level C roads) TRACT 3 - 202 ACRES± • FSA information indicates 156.76 acres of NHEL cropland. The balance of the tract is in waterways & drainage ditches. • Highly productive Dockery-Quiver, Colo & Klum soils. • CSR2 is 82.4! • Access is on the west by S.E. 56th St. & on the south by S.E. 52nd Ave. (Level C roads)
www.SullivanAuctioneers.com
ADDITIONAL PHOTOS, SOIL MAPS, AERIAL VIDEO & MORE AVAILABLE ONLINE AT: www.SullivanAuctioneers.com All tracts have had a recent change (Spring 2022) from the USDA Risk Management Agency for crop insurance purposes from High Risk to a Standard/Low Risk Rating.
METHOD & TERMS The G&K Development, L.C. farm will be sold in three (3) individual tracts based on deeded and advertised acres. Tracts will be sold through the marketing method of “Buyer’s Choice”, whereas the high bidder can take any or all tracts for their high bid. Buyer’s Choice auctioning will continue until all three tracts have been sold. The farm will NOT be offered in its entirety or in any combinations. Bidding is NOT contingent upon financing, an appraisal or inspection. Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 30 days, on or before Tuesday, October 31, 2022 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. Full possession will be given at the time of closing, subject to the current lease with a tenant. All three tracts sell free and clear for the 2023 crop year. All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301
PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
444 ACRES± SELLING IN 3 TRACTS
VIRTUAL ONLINE | POLK COUNTY, IOWA LAND AUCTION WEDNESDAY, SEPTEMBER 28, 2022 AT 10:00 A.M.
G&K DEVELOPMENT, L.C.
DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107
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