Virtual Online
MAJOR IOWA LAND AUCTION
Monday, February 7, 2022 at 10:00 A.M.
Emmet & Kossuth County, Iowa
861 ACRES± Subject to survey 8 TRACTS
Charles E. Jensen Estate Tennowa Properties, LLC Jensen Investments, LLC
Sullivan Auctioneers, LLC www.sullivanauctioneers.com (844) 847-2161 | Lic. #444000107
Location The Jensen land is located in Sections 16, 27 & 28, Swan Lake Township & Section 24, Jack Creek Township, Emmet County, IA & Section 12, Swea Township, Kossuth County, IA. Tracts 1, 2, 3 & 8 are generally located 7 miles west of Armstrong, IA on and off St. Hwy. 9. Tracts 4-6 are located 1 mile west of Ringsted, IA on Co. Rd. A34. Tract 7 is located 7 miles east of Armstrong, IA. 1 mile north of St. Hwy. 9. (Armstrong, IA is 18 miles east of Estherville, IA or 80 miles northwest of Mason City, IA). General Information Farmers and investors, mark your calendar now for this major northern Iowa land auction. These farms are located in Emmet & Kossuth County, Iowa in close proximity to Armstrong and Ringsted, Iowa. Tracts 1-7 offer highly productive Nicollet, Canisteo & Clarion soils with CSR2’s ranging from the high 70’s to the upper 80’s. Tract 8 includes a very useable steel storage building, grain storage and features several attractive building sites. We urge you to take a look at these well maintained and high quality farms that rarely become available in this part of the country at public auction. This is an auction that you will not want to miss! MAJOR IOWA LAND AUCTION Emmet & Kossuth County, Iowa Virtual Online Monday, February 7, 2022 at 10:00 A.M. 861 ACRES± Subject to survey 8 TRACTS
Representing Attorney: David M. Repp • Dickinson Law 699 Walnut Street, Suite 1600 • Des Moines, IA 50309 Phone: (515) 246-4556 Charles E. Jensen Estate TENNOWA PROPERTIES, LLC JENSEN INVESTMENTS, LLC KASEY MCCORMICK – EXECUTOR
Auction Managers:
Jim Huff (319) 931-9292
Dan Sullivan (844) 847-2161
Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our of fi ce at (844) 847-2161
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Plat & Aerial Maps • Tracts 1 – 3
Tract 1
Tract 2
Tracts 3 & 8
Highly productive tillable farmland!
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Tract Information • Tracts 1 – 3
TRACT 1 155 ACRES± (SUBJECT TO SURVEY)
• FSA fi gures should indicate 149.65 acres of till- able cropland, with the balance in a well main- tained waterway. • Highly productive soil types: Clarion, Canisteo & Crippin • CSR2: 81.1 • Access is on the north by St. Hwy. 9 TRACT 2 154 ACRES± (SUBJECT TO SURVEY) • FSA fi gures should indicate 153.95 acres of till- able cropland. • Productive soils: Nicollet, Canisteo & Blue Earth • CSR2: 78.9 • Access is on the east by Co. Rd. N52 (490th Ave.) and along the north by 190th St. TRACT 3 144 ACRES± (SUBJECT TO SURVEY) • FSA fi gures should indicate 143.32 acres of till- able cropland. • Highly productive soil types: Nicollet, Clarion & Canisteo • CSR2: 83.1 • Access is on the west by Co. Rd. N52 (490th Ave.) and along the south by 200th St.
INVESTMENT QUALITY PRODUCTIVE FARMLAND!
AUCTIONEERS, LLC
Visit our website for more information, photos & soil maps www.SullivanAuctioneers.com
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Tract Information • Tracts 4 – 6
TRACT 4 105 ACRES± (SUBJECT TO SURVEY) • FSA fi gures should indicate 104 acres of tillable cropland. • Soil types: Nicollet, Canisteo & Clarion • CSR2: 72.7 • This tract is improved with fi eld drainage tile • Access is on the north by Co. Rd. A34 (240th St.) and on the west by 510th Ave. TRACT 5 105 ACRES± (SUBJECT TO SURVEY) • FSA fi gures should indicate 102 acres of tillable cropland. • Highly productive soils: Nicollet, Canisteo & Clarion • CSR2: 86.5 • This tract is improved with fi eld drainage tile • The balance of this parcel is in a bin site that includes (2) Chief grain bins totaling 30,000 bu. of grain storage with aereatin fl oors as well as 3 older grain bins. • Access is on the north by Co. Rd. A34 (240th St.) TRACT 6 105 ACRES± (SUBJECT TO SURVEY) • FSA fi gures should indicate 104 acres of tillable cropland. • Productive soil types: Crippin, Canisteo & Okoboji • CSR2: 78.2 • This tract is improved with fi eld drainage tile • Access is on the north by Co. Rd. A34 (240th St.)
Tracts 4-6
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Tract Information • Tracts 7 & 8
Tract 7
TRACT 7 80 ACRES± (SUBJECT TO SURVEY) • FSA fi gures should indicate 78.94 acres of tillable cropland. • Highly productive soil types: Nic- ollet, Clarion & Canisteo • CSR2: 81 • Access is on the south by 440th St.
TRACT 8 13 ACRES± (SUBJECT TO SURVEY) • This very desirable parcel is im- proved with a 40’ x 70’ metal storage building and a 30’ x 70’ storage building. There are (3) MFS grain bins, totaling 25,000 bu. of grain storage, all with aer- ation fl oors. • The tract has several very attrac- tive home or agricultural build- ing sites. • Access is located on the south by 200th St.
Tracts 3 & 8
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Method & Terms The acres in this brochure are approximate and a sur- vey is in progress and will be completed prior to sale day. The surveyed acres will be used to constitute the final settlement price. Tracts 1 - 7 will sell on a price per acre basis and will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect in any order, any or all tracts for their high bid. “Buyer’s Choice” auctioning will continue until the first 7 tracts have been elected. Tract 8 will be for a “Lump Sum” total dollar amount. The farm will NOT be offered in its entirety at the conclusion of the auction. 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 Monday, March 7, 2022 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful buyer(s) shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing on all tracts subject to a farm lease with the tenant for the 2022 crop year. Buyer(s) will receive 100% of the cash rent as a credit at closing. The grain bins and storage buildings on Tracts 5 & 8 will be reserved for the tenant for the 2022 crop year. For com- plete details contact the auction company. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements sale day shall take precedence over any prior advertising either written or oral. The in- formation in this brochure is believed to be accurate; ho- wever, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the in- formation to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real es- tate is being sold “as is”.
Improvements located on Tracts 5 & 8
Sullivan Auctioneers, LLC www.sullivanauctioneers.com (844) 847-2161 | Lic. #444000107 AUCTIONEERS, LLC
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Sullivan Auctioneers, LLC PO Box 111 Hamilton, IL 62341-0111 www.SullivanAuctioneers.com
FIRST CLASS U.S. POSTAGE PAID
QUINCY, IL PERMIT 23 62301
Virtual Online
MAJOR IOWA LAND AUCTION
Monday, February 7, 2022 at 10:00 A.M.
Emmet & Kossuth County, Iowa
861 ACRES± Subject to survey 8 TRACTS
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