Lyon County, MN

County Highway 15 and 59
Russell, MN 56169

208.19 Acres M/L
AUCTION

Listing #16252

Bid Now!

PROPERTY INFO

Description

Peoples Company is proud to represent the Buesing Sibling Trust and offer 208 acres m/l in Lyon County for a public online auction. This property is located off of County Road 15 and County Road 59 near Russel, MN and will be offered in 3 tracts selling with No minimum / No Reserve to the highest bidder. Tracts 1 and 2 have been  surveyed to provide the property boundaries and an exact number of acres. 

Each tract has great access to paved roads and  is located two miles north of Russell, MN. The cropland and pastureland are leased for the 2022 crop year. Mark your calendar for Tuesday, August 23rd. This is an opportunity for any and all types of buyers: farmers, ranchers, hunters, investors.  Each tract will be sold on a dollar amount per deeded acre basis. Online bidding will open on August 1, 2022, and will close on August 23, 2022, at 6:00 P.M.

Tract 1 consists of 83.69  acres m/l of good quality farmland with 77.49 tillable acres with a productivity index of 91.8.

Tract 2 consists of 85.63 acres m/l of pastureland with a potential gravel pit located in the northwest corner of the parcel.

Tract 3 consists of 40 acres m/l of hunting/recreational tract. Excellent hunting near the Camden State Park located on the Redwood River. 

Buyer’s Premium: A five percent (5%) Buyer’s Premium will be added to the final bid price and included in the total purchase price.

Legal Description

Exact legal descriptions will be taken from the Abstracts, Title Work and/or Survey.

  • Sign On Property: Yes
  • Parcel Number: 12-007003-0 & 12-018003-0
  • School District: Russell Tyler Ruthton Public Schools
  • General Area: Russell, MN
  • Net Taxes: $4,538.00
  • Online Bidding: Yes
  • Auction Date: Aug 23, 2022
  • Possession: At Closing
  • Terms: Conventional or Cash

Reserved Items

Deer stands on property not included.

Great Lakes Pipeline Easement / Williams Brothers Pipe Line Company 

Highway Easement Lyons Township

Rights and Interest in and to County Ditch No. 12 

Additional Info

Online bidding will open at on August 1, 2022 and will close on August 23, 2022 at 6:00 P.M. CST.

 


Bid Online

Auction Details

Buyer’s Premium: A five percent (5%) Buyer’s Premium will be added to the final bid price and included in the total purchase price.

Auction Method: The property will be offered in three (3) individual tracts . All tracts will sell ‘Absolute’ to the highest bidder(s) the day of the auction.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. 

Agency: Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Lyon County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farms are reconstituted by the Lyon County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction for each tract. The earnest money payment may be paid in the form of cash or good check. All funds will be held in the Lyon County Abstract and Title Trust Account.

Contract & Title Commitment: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Real Estate Purchase Contract and deposit with Peoples Company the required earnest money payment. The Seller will furnish the successful Buyer(s) a current Title Commitment and Owner’s Policy in the amount equal to the Total Purchase Price. Seller agrees to convey merchantable title to the property. All title insurance premiums, title or abstracting fees and the title company/closing agent fees or costs shall be paid by the Seller. Sale of this land is not contingent upon Buyer obtaining financing. All financial arrangements are to have been made prior to bidding at the auction. By bidding, the bidder makes a representation that the bidder has the present ability to pay the bid price and fulfill the Real Estate Purchase Contract.

Closing: Closing will occur on or about September 30, 2022 at a location to be designated by the Seller. The balance of the purchase price will be payable at closing in the form of cash, certified check or wire transfer.  With respect to the timing of the Seller and successful Buyer(s) in fulfilling its obligations under the Real Estate Purchase Contract, time is of the essence.

Real Estate Taxes: The real estate taxes for 2022 will be paid by the sellers

Mineral Rights: All mineral rights of record will be conveyed to the new Buyer(s).

Possession:  Full possession of the land will be given at closing, subject to the current tenants rights.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

Survey: Preliminary survey work will be performed prior to the auction to determine the actual acres of tract 1 and actual acres of tract 2. This is due to the property line separating these tracts is not in relationship with the section line. A copy of the completed survey will be available by request. No survey will be performed for tract 3.

Property Inspection: Each potential bidder is responsible for conducting, at their own risk, the independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with Peoples Company agents and/or auctioneers. Each potential bidder shall be liable for any property damage caused by any such inspections or investigations.

Disclaimer: All field boundaries in this brochure and any marketing material are just sketches and are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, pasture acres, hay ground acres, etc. may vary from figures stated in the marketing material and will be subject to change.  Buyer(s) and his/her tax and legal advisors should perform their own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents.  Full legal descriptions will be taken from title paperwork.

Other:  This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties or guarantees, expressed or implied, made by the Auctioneer, Peoples Company, or the Seller. No warranty, either expressed or implied, or arising by operation of law concerning the property is made by the Seller or the Auctioneers and are hereby expressly disclaimed. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Location


Tract 1 - County Rd 15 and 175th Ave, Russell, MN 56169

Description

Tract 1 consists of 83.69 acres m/l with approximately 77.49 tillable acres carrying a productivity index of 91.8.  This tract offers productive soils and has good access off of County Highway 15. This tract provides soils suitable for growing corn, soybeans, and small grains.

 

One residential building enttlement 

Legal Description

This 83 acres is part of p.i.d. #12-007003-0

New legal description  will be taken from the recent survey and  verified  by the title company.

 

Details
  • Acres: 83.69 Acres M/L
  • Parcel Number: 12-007003-0
  • School District: Tyler Russell Ruthton

Directions

From Russell, MN at the intersection of County Highway 15 and Fronts Street, drive north on County Highway 15 for 2.2 miles. This will put you at the southwest corner of Tract 1. Watch for Peoples Company Signs.


Tract 2 - 1712 County Road 59 (200th street) , Russell, MN 56169

Description

Tract 2 consists of 85.63 deeded acres m/l . Pastureland with gravel excavation potential. All mineral rights will transfer to the buyer. This tract is fenced and eassy access from County Highway 15 and County Highway 59. The pasture has good water and could provide grazing opportunities for ranchers as well as potential hunting for recreational buyers. There is also the potential for additional income from the gravel rights. 

County Ditch #12 is on the tract. 

 

One Residential Building Entitlement

Legal Description

This 85 acres is part of p.i.d. #12-007003-0

New legal description  will be taken from the recent survey and  verified  by the title company

Details
  • Acres: 85.63 Acres M/L
  • Parcel Number: 12-007003-0
  • School District: Russell Tyler Ruthton

Directions

From Russell, MN at the intersection of County Highway 15 and Fronts Street, drive north on County Highway 15 for 2.2 miles. This will put you at the northwest corner of Tract 2. Watch for Peoples Company Signs.


Tract 3 - 1739 200th Street (Co Rd 59 ) , Russell, MN 56169

Description

Tract 3 consists of 40 acres m/l   hunting and recreational land. This parcel has great access off of County Road 59 (200th St) or 175th Ave. The tract would be an excellent retreat for an avid hunter. The land has natural grasses and small groves of trees to provide cover for wildlife, especially deer and gamebirds. There is also a small pond in the southwest part of the property to provide a water source for wildlife. The land is adjacent to Camden State Park so there is an opportunity for several outdoor activities just a few miles down the road. Great place to park your camper or build a shed for your toy storage. Building permit for a home would require board approval as this tract is less than 80 acres. 

County ditch #12 tile system provides  drainage on the NW Corner. 

 

Deer Stands on the property not included in the sale. 

Legal Description

NE1/4 of NW1/4 in 18-110-42 in Lyon County, MN (40 acres). Exact legal description to be taken from Abstract.

Details
  • Acres: 40.00 Acres M/L
  • Parcel Number: 12-018003-0
  • School District: Russell Tyler Ruthton
  • Net Taxes: $494.00

Directions

From Russell, MN at the intersection of County Highway 15 and Front Street, drive north on Highway 15 for 0.3 miles to Lake Ave (175th Ave), then turn right on Lake Ave (175th Ave) and drive for 1.5 miles. This will put you at the northeast corner of the property at the intersection of Highway 59 (200th St) and 175th Ave. Watch for Peoples Company Signs.


INTERACTIVE MAP

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.

PHOTOS

Tract 1 Photos

Tract 2 Photos

Tract 3 Photos