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Polk County, IA
221.53 Acres M/L

NE 58th Avenue
Mitchellville, IA 50169

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#15162

LAND AGENT

Matt Adams

Office: 515.222.1347
Mobile: 515.423.9235
Matt@PeoplesCompany.com

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PRESIDENT

Steve Bruere

Office: 515.222.1347
Steve@PeoplesCompany.com

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Property Info

Description

Polk County, Iowa Land Auction – Mark your calendar for Thursday, November 5th! Peoples Company is pleased to be representing the Ellen B. Beukema Trust in the sale of 221.53 total acres m/l located immediately west of Mitchellville, Iowa, and just east of the Altoona, Iowa city limits. The property will be offered via a One Chance Sealed-Bid Auction as two tracts or combination. Bids are due on or before 5:00 PM on November 5th at Peoples Company in Clive, Iowa.

Located within the growing eastern Des Moines Metro, these high-quality farmland tracts lie just outside the city limits but in the path of development between Altoona and Mitchellville. The eastern Des Moines Metro has recruited several high profile economic development projects in the last few years, including but not limited to the Facebook data center project, the Amazon distribution center, a retail shopping center called Outlets of Des Moines at Prairie Crossing, approximately 250,000 sq. ft. of flex/warehouse development, and the development of a new industrial park. Over the last two years, the general area has benefitted from over $550 Million of commercial permits and over 460 residential building permits. These farmland tracts would make for a great long-term investment as the area develops or for several potential executive building site locations along paved road NE 58th Avenue that overlook the scenic rolling hills of Polk County. Utilities are available with a 2.5" inch rural water line that runs along the south side of NE 58th Avenue provided by Des Moines Water Works and electric service provided by MidAmerican Energy. *Interested parties should contact Des Moines Water Works to confirm capacity for future building sites*

The property consists of high producing soils for row crop production, hay or alfalfa stands, and pasture with well-maintained fences. The entire farm has an estimated 192.04 FSA tillable acres (CSR2 of 84.2) that are leased for the 2020 crop year but will be available for the 2021 crop year. This property's southern boundary is immediately adjacent to the Chicago, Rock Island, and Pacific Railroad.

Tract 1: 138.99 acres m/l with an estimated 136.56 FSA cropland acres carrying a CSR2 value of 84. The primary soil types include top-producing Clarion loam and Nicollet loam. **The total acres for this tract are subject to change prior to the day of the Auction as a single-family home and acreage site are in the process of being surveyed. House and acreage site will include 10 NET acres.**

Tract 2: 82.54 acres m/l with 55.48 FSA cropland acres carrying a CSR2 value of 84.7. The primary soil types include Clarion loam, Webster Clay loam, and Nicollet loam.

Legal Description

Tract 1 (138.99 Acres M/L): Tract 1 (Acres M/L): The East Half (E 1/2) of the Southeast Quarter (SE 1/4) lying North of the C.R.I. & P. Railroad right-of-way, Less the Road, in Section 10, Township 79 North, Range 22 West of the 5th P.M., Polk County, Iowa, AND West Half (W 1/2) of the Southwest Quarter (SW 1/4) lying North of the C.R.I. & P Railroad right-of-way, less 1.36 acre of road, in Section 11, Township 79 North, Range 22 West of the 5th P.M., Polk County, Iowa, AND Northwest Quarter (NW 1/4) of the Northwest Quarter (NW 1/4) lying North of the C.R.I. & P. Railroad right-of-way, Section 14, Township 79 North, Range 22 West of the 5th P.M., Polk County, Iowa, EXCEPT the house/acreage site along NE 58th Avenue. This approximate ten acres are not included in the sale and are in the process of having a survey completed. Exact legal description to be taken from abstract.

Tract 2 (82.54 Acres M/L): The East Half (E 1/2) of the Southwest Quarter (SW 1/4) of Section 11, Township 79 North, Range 22 West of the 5th P.M., Polk County, Iowa, excepting therefrom: Beginning at the Northeast corner of said East Half (E 1/2) of the Southwest Quarter, thence South 1617.84 feet, then West 249.25 feet, thence North 1380.83 feet, thence West 192.87 feet, thence North 237 feet, thence East 450.25 feet to the point of beginning AND Lot 1, Official Plat of the Northeast Quarter (NE 1/4) of the Northwest Quarter (NW 1/4) Section 14, Township 79 North, Range 22 West of the 5th P.M., Polk County, Iowa. Exact legal description to be taken from the Abstract.

Directions

From Des Moines Metro: Travel on Interstate 80 to Exit 149 for Mitchellville, Iowa. Turn right (south) onto NE 112th St / Cotton Avenue for approximately 0.8 miles and turn right (west) onto NE 58th Avenue. Continue for approximately 0.9 miles and both tracts will be located on the south side of the road designated with a Peoples Company sign on each tract.

From Mitchellville, Iowa: Travel west out of town for approximately one mile on Mill Street SW, which becomes NE 58th Avenue. Tracts 1 and 2 will be located on the south side of the blacktop road.

Sign On Property: Yes
MLS Number: 614638
Parcel Number: 140/00088-000-000; 140/00104-000-000; 140/00134-000-000; 140/00103-001-000; 140/00131-000-000
School District: Southeast Polk Community School
General Area: West of Mitchellville, Iowa
Net Taxes: $5,930.00
CSR2: 84.20
Zoning: Agricultural

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Tracts

Tract 1 - NE 58th Avenue, Mitchellville, IA 50169-0013

Tract Photos

Description

Tract 1 consists of a total of 138.99 acres m/l with an estimated 136.56 FSA cropland acres that carry a CSR2 value of 84. The primary soil types include Clarion loam and Nicollet loam. This high-quality tillable farmland tract is located west of Mitchellville, Iowa on NE 58th Avenue in Sections 10, 11, and 14 of Beaver Township. **The total acres for this tract are subject to change prior to the day of the auction as a single family home and acreage site are in the process of being surveyed.**

Estimated FSA Cropland Acres: 136.56
Base Acres: 120.60
Corn: 89.00 Base Acres with a PLC Yield of 137
Soybeans: 31.60 Base Acres with a PLC Yield of 44
*Base Acres and FSA Cropland Acres to be reconstituted by Polk County FSA Office at the conclusion of the sale.

Legal Description

Tract 1 (Acres M/L): The East Half (E 1/2) of the Southeast Quarter (SE 1/4) lying North of the C.R.I. & P. Railroad right-of-way, Less the Road, in Section 10, Township 79 North, Range 22 West of the 5th P.M., Polk County, Iowa, AND West Half (W 1/2) of the Southwest Quarter (SW 1/4) lying North of the C.R.I. & P Railroad right-of-way, less 1.36 acre of road, in Section11, Township 79 North, Range 22 West of the 5th P.M., Polk County, Iowa, AND Northwest Quarter (NW 1/4) of the Northwest Quarter (NW 1/4) lying North of the C.R.I. & P. Railroad right-of-way, Section 14, Township 79 North, Range 22 West of the 5th P.M., Polk County, Iowa, EXCEPT the house/acreage site along NE 58th Avenue. This approximate ten acres are not included in the sale and are in the process of having a survey completed. Exact legal description to be taken from abstract.

Details

Acres: 138.99 Acres M/L
Parcel Number: 140/00088-000-000; 140/00104-000-000; 140/00134-000-000
Net Taxes: $3,822.00
CSR2: 84.00

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Tract 2 - NE 58th Avenue, Mitchellville, IA 50169-0013

Tract Photos

Description

Tract 2 consists of a total of 82.54 acres m/l with 55.48 FSA cropland acres that carry a CSR2 value of 84.7. The cropland acres are considered NHEL or Non-Highly Erodible Land. The primary soil types include Clarion loam, Webster clay loam, and Nicollet loam. This high quality tillable farmland tract is located west of Mitchellville, Iowa and in Sections 11 and 14 of Beaver Township.

FSA Cropland Acres: 55.48
Base Acres: 55.4
Corn: 28.60 Base Acres with a PLC Yield of 143
Soybeans: 26.80 Base Acres with a PLC Yield of 49
*Base Acres and FSA Cropland Acres to be reconstituted by Polk County FSA Office at the conclusion of the sale.

Legal Description

Details

Acres: 82.54 Acres M/L
Parcel Number: 140/00103-001-000; 140/00131-000-000
Net Taxes: $2,108.00
CSR2: 84.70

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Auction Details & Terms

Auction Location Map

One Chance Sealed-Bid Auction
Polk County Land Auction
221.53 Acres M/L
Offered in Two Tracts or Combination
Thursday, November 5, 2020, at 5:00 PM

Bid Deadline and Time: Thursday, November 5, 2020, on or before 5:00 PM, CST.

Bidding Procedure: To request a sealed bid packet, please email Matt Adams at Matt@PeoplesCompany.com or contact by phone at (515) 423.9235. If the bid is being mailed, written bids must be received at the office of Peoples Company, 12119 Stratford Drive, Suite B, Clive, Iowa 50325 on or before 5:00 PM, Thursday, November 5, 2020. Bids should be for the total dollar amount per tract and combination offers will require purchase price allocations for each respective tract. Peoples Company will notify the successful high bidder on or before 12:00 Noon on Friday, November 6, 2020, of Sellers acceptance of a bid. Upon Sellers confirmation of an acceptable bid, the Bidder will execute a Real Estate Sale Contract that will be signed and accepted by Sellers. **Please submit your highest and best offer as there will not be additional rounds of bidding. Further, there will not be any oral or online bidding platforms utilized.** Seller does reserve the right to accept or reject any and all bids at their discretion.

Deliver, Mail, or Email Bids To:
Peoples Company
Attn: Matt Adams
12119 Stratford Drive, Suite B
Clive, Iowa 50325
matt@peoplescompany.com

Seller: Ellen B. Beukema Trust

Agency: Peoples Company and their representative are Agents of the Seller.

Method of Sale: Property will be sold as two individual tracts through a One-Chance Sealed Bid Auction. The format encourages bidders to submit their highest and best offer in writing for Tracts 1, Tracts 2, or a combination of both tracts, as there will be no live bidding or additional rounds of bidding for the property. In the unlikely event there are two or more bids for the exact same amount, each party will then would be asked if they wish to raise their bid until concluded.

Closing: Closing will occur on or before Friday, December 18, 2020. The balance of the purchase price will be payable At Closing in the form of cash, guaranteed check, or wire transfer.

Terms of Possession: Winning bidder(s) will be required to submit a ten percent (10%) earnest money check within one business day of being notified their bid was accepted. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Company’s Trust Account. Possession of the farm will be given At Closing, Subject to Farm Tenants Rights.

Financing: The sale of the property is not contingent upon Buyer obtaining financing. All financing arrangements are to have been made prior to bid submission. By bidding, the bidder makes a representation that he/she has the present ability to perform at the bid price and will fulfill all obligations within the Real Estate Sale and Purchase Agreement.

Contract & Title: Following notification, the successful high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense.

Farm Program Information: Farm Program Information is provided by the Polk 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 farm is reconstituted by the Polk County FSA and NRCS offices.

Farm Lease: The farm is available for the 2021 cropping season.

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, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. Bids can be made on a per-acre basis or total purchase price for Tracts 1 and 2 or a combination of both tracts. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on the day of the sale will take precedence over all previous marketing material or oral statements. No phone bids will be accepted without prior approval and all decisions of the Listing Agent are final.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her 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 the abstract.