SOLD - "The Main Lloyd C. Kruse Trust" Jackson & Cottonwood, MN

Sale Pending

Selling Price: Tract #1 - $5,250 Tract #2 - $13,050 Tract #3 - $4,550 Tract #4 - $12,400 Tract #5 - $11,800 Tract #6 - $6,400 Tract #7 - $4,200 Tract #8 - $2,725 Tract #9 - $6,000

Sale Date: Tuesday, September 10, 2024 10:00 AM

Sale Location: The Lakefield Golf Club at 101 Valleybrook Road Lakefield, MN.

Bid Online

• Sale Bill
• UPDATED 8/20/24 Information Booklet with Tile Information Maps
• Bidder Registration Form - ONLINE Bidders MUST Complete and return this form to dan@danpikeauction.com 24 hours prior to the sale.

956.82+/- Acre Jackson & Cottonwood County, Minnesota Public Land Auction. The property will be offered in 9 seperate tracts with the high bidder having the opportunity of choice of one tract or multiple tracts in each round of bidding.

A great opportunity that is very rare to have the chance purchase over 950+ acres of southern Minnesota land offered in 9 seperate tracts at public auction. "The Main Lloyd C. Kruse Trust" will be offering these 9 tracts of land each ranging in size from 55 to 160 acres. The sale will grant the interested potential buyers the chance to purchase very high quality bare farmland, other tracts contain very good bare farmland in conjuction with recreation land and there is also some with potential developement opportunites.

TRACT#1: From the I-90 exit at Lakefield, MN. 1-1/2 miles south, 3 miles west, 3 miles south & 3/4 miles west

TRACT#2: From the I-90 exit at Lakefield, MN. 1/2 mile north, 9 miles west &  1 mile north

TRACT#3: From the juction of Highway #60 & Co. road #15 southwest of Windom, MN. 1-1/2 miles south on Co. #15

TRACT#4: From the junction on Highway #71 & Co. road #34 on the south edge of Jackson, MN. 5 miles west & 1-3/4      miles south

TRACT#5: From the junction of Highway #71 & Co. road #4 on the south edge of Jackson, MN. 5-3/4 miles west on #34

TRACT#6: From the Minnesota/Iowa border on Highway #86 2 miles north on #86 & 1-3/4 miles west

TRACT#7: From the I-90 exit south of Okabena, MN. 1-1/2 mies south

TRACT#8: From the junction of Highway #71 & Co. road #15 north of Windom, MN. 1 mile west & 3/4 miles south

TRACT #9: From the I-90 exit at Lakefield, MN. 1-1/2 miles south, 2 miles east & ¾ miles south

TRACT #1: NW1/4 SW1/4 & W1/2 NW1/4 exc. W. 36.63 acres 11-101-37 (Sioux Valley TWP.) Jackson County, MN. 83.37 acres +/-

TRACT #2: SW1/4 1-102-38 (Ewington TWP.) Jackson County, MN. 160 acres +/-

TRACT #3: SW1/4 11-104-36 (Delafield TWP.) Jackson County, MN. 160 acres +/-

TRACT #4: PT. N1/2 SE1/4 36-102-36 (Hunter TWP.) Jackson County, MN. 57.10 acres +/-

TRACT #5: W1/2 SW1/4 24-102-36 (Hunter TWP.) Jackson County, MN. 80 acres +/-

TRACT #6: SW1/4 exc. 21.75 acres in NE corner 30-101-36 (Minneota TWP.) Jackson County, MN. 141.05 acres +/-

TRACT #7: NE1/4 30-102-37 (Rost TWP.) Jackson County, MN. 160 acres +/-

TRACT #8: SW1/4 N. of Valley Ridge Addn. #2 exc. 12 acres & W. 575' W1/2 SW1/4 S. of N. Line L5, B4 Maplewood Subd. EXT E & N of VR Addn. #2 5 all in 23-105-36 (Great Bend TWP.) Cottonwood County, MN. 59.64 acres +/-   

TRACT #9: Part of the SE1/4 SE1/4 & East 26 acres of the SW1/4 SE1/4 27-102-36 Jackson County, MN.

  

 

See property informational booklet. This booklet will be UPDATED, whenever additional information becomes available. Watch for an update date in RED on the front cover which will be changed with every upddate.

See property informational booklet. This booklet will be UPDATED, whenever additional information becomes available. Watch for an update date in RED on the front cover which will be changed with every upddate.

See property informational booklet. This booklet will be UPDATED, whenever additional information becomes available. Watch for an update date in RED on the front cover which will be changed with every upddate.

We are in the process of gathering any available drainage & tile information. Please check back for updates. 

See property informational booklet. This booklet will be UPDATED, whenever additional information becomes available. Watch for an update date in RED on the front cover which will be changed with every upddate.

Bare land with no building improvements.

See property informational booklet. This booklet will be UPDATED, whenever additional information becomes available. Watch for an update date in RED on the front cover which will be changed with every upddate.

Successful bidder will have choice of a tract or multiple tracts in each round of bidding. Tracts will NOT be combined.

Public live and online auction.

Buyers will be granted possession at closing for the 2025 crop season upon closing and subject to the removal of all 2024 crops.

Each tract will be sold on a per acre basis with the bid amount times the deeded acres contained in each tract equaling the total purchase price of the tract. The Buyer(s) shall enter into a purchase agreement and make a 20% Non-Refundable down-payment the day of the auction. The closing shall be held on November 1, 2024 with the balance being due and payable in full at closing. Possession shall be transferred for the 2025 crop year. The sale will NOT be contingent upon any buyer financing. The Buyer is responsible for all real estate taxes that are due and payable in 2025 and thereafter. Property is being sold “AS IS”, Property is being sold subject to any easements including road, drainage, utility or other easements of record or pending. The Buyer(s) shall be assigned all rights & assumes liabilities to the properties regarding any & all programs such as CRP, CREP, RIM, easements or other programs that they may have at the time of the closing. The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to MN statues. The buyers are responsible for all inspections of the property prior to their purchase of it. The sale is subject to the sellers approval with the seller retaining the option to accept or reject any of the final bids. Any statements made at the auction may take precedence over any printed information. Auction Company & Staff represent the seller in this transaction. 

Parties that do not wish to attend the auction in person can use our online bidding platform through www.danpikeauction.hibid.com to participate in the auction. Please register for online bidding at least 24 hours ahead of the auction. Please call at least 24 hours ahead of sale if bidding online if you have questions regarding it. For those that wish to participate, but don’t have access to an internet connection and would rather bid by phone that can be arranged as well by calling the Dan Pike Auction company at least 24 hours ahead of the auction to register and make arrangements. This property will be offered via both Live & On-line webcast public auction. Those parties bidding on-line will be required to wire transfer the earnest money and sign the purchase agreements the day of the auction. There will be NO “Buyers Premium” charged to those bidding on-line or in person. Owner, Auction Company or agents of the Seller are not liable for faulty / poor internet connections. 

 

 AUCTIONEER’S NOTE

We are very honored to have been asked to represent the Lloyd Kruse Estate with the sale of these properties. Please come prepared to purchase as the seller have chosen the public auction method to market this property. If you are considering the purchase of land to add to your investment portfolio this is an auction that you will want to attend. The information contained in this sale bill and other information provided by the sellers & their agents is believed to be correct, but is not guaranteed. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of property. The buyers shall make themselves familiar with the property and verify all information & data for themselves. The auctioneers and the sales staff are representing the seller. This auction is open to the public. We look forward to seeing everyone at the auction. Remember that the auction begins at 10:00 A.M. sharp, so don’t be late.