Grant County, WI
271.80 Acres M/L

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Platteville, WI 53818 |
Listing #17430

Upcoming Auction

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Property Info

Description

Grant County, Wisconsin Online Only Auction – Bidding is live and will conclude Thursday, May 30th, 2024, at 5:00 P.M. CST! Peoples Company is pleased to represent the Clare Family in the sale of 271.80 m/l acres nestled in Platteville, Wisconsin, in seven individual tracts. These diverse tracts are uniquely situated, offering excellent potential for individuals or investors looking to build a beautiful dream home or subdivision or start or grow an existing business. The tracts vary in size from 0.85 m/l acres to 228.80 m/l acres.

This is a fantastic opportunity to own strategically located properties in Platteville, which offers an impressive range of amenities and recreational activities. Platteville boasts over eight miles of public trails and comprises several trails, including Prairie View Trail, Rountree Branch Trail, Pioneer Trail, and Prairie Loop Trail. If you’re a nature enthusiast, you’ll be pleased to know that Mound View State Trail connects Platteville and Belmont, offering an even more immersive outdoor experience. These tracts are conveniently located near Westview Elementary School, Platteville High School, and the University of Wisconsin–Platteville, making it a perfect place for families with school-age children.

This is an exceptional chance to invest in prime land for future development in and around Platteville. The land is well-suited for development, as it already has access to existing utilities, which will save you both time and money. The property is strategically zoned with a mixture of high-density residential, low-density residential, and commercial. Don’t miss out on this chance to invest in the future of Platteville!

The seven tracts will be offered via an online-only auction. The tracts will be sold as seven individual tracts on a whole-dollar basis. You can place a bid through the Peoples Company Bid Wrangler auction platform. All bids are to be placed before Thursday, May 30th, 2024, at 5:00 P.M. CST. Don't miss this unique opportunity to own some of Platteville’s most sought-after properties.

Tract 1: 228.80 m/l acres consisting of 105.30 m/l FSA cropland acres carrying an NCCPI of 75.8.

Tract 2: 0.85 m/l acres located at the end of Kelly Avenue.

Tract 3: 4.99 m/l acres located on Jackson Street.

Tract 4: 3.43 m/l acres located on Grant Street.

Tract 5: 7.62 m/l acres located at the corner of Grant Street.

Tract 6: 22.23 m/l acres located on Lincoln/E Madison Street.

Tract 7: 3.88 m/l acres consisting of two commercial buildings on Pioneer Road E/W Business Highway 151.

Legal Description

Located in Sections 8, 9, and 14 of the Town and City of Platteville, Grant County, Wisconsin. Exact legal description to be taken from Title Commitment.

Sign On Property: Yes
MLS Number: 693469
Parcel Number: 271-02561-0000, 271-02562-0000, 271-02563-0000, 271-02564-0000, 271-02565-0000, 271-02566-0000, 271-02567-0000, 271-02568-0000, 271-02569-0000, 271-02570-0000, 271-02571-0000, 271-02572-0000, 271-02573-0000, Part of 271-02442-0000, 271-00340-0000, 271-00341-0000, 271-00342-0000, 271-02460-0010, 050-00320000, 050-00327-0000, 050-00328-0000, 050-00329-0010, 050-00280-0000, 050-00288-0000, 271-02998-0000, 271-02999-0000, 271-00830-0000, 050-00611-0000, 050-00612-0000
School District: Platteville School District
General Area: Platteville, Wisconsin
Online Bidding: Yes
Auction Date: May 30, 2024
Productivity Index: 75.8
Possession: At Closing
Terms: Cash

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Auction Details

Grant County, Wisconsin Online Only Auction
271.80 m/l Acres
Offered in Seven Tracts
Bidding is Live
Bidding Ends: Thursday, May 30th, 2024
5:00 P.M. CST. Bid Deadline

ALL BIDS WILL BE ON A WHOLE-DOLLAR BASIS

How to Bid?
Open up the Peoples Company auction you are interested in at PeoplesCompany.com. Click on any of the BID NOW icons within that auction. This will take you to our Online Bidding platform. Find the auction you wish to participate in and select it. To participate in that auction, click REGISTER TO BID. From there, you will need to create a bidder account. Once your bidder account is created, you can actively bid on the property.

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.

Auctioneer & License Number: Jesse Meyer No. 2652-52

Auction Method: The property will be offered as seven tracts. All bids will be on a whole-dollar basis. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. Bid increments will be at the sole discretion of the auctioneer. If you plan to bid, please register 24 hours before the close of the auction. Under no circumstances shall Bidder have any claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction.

Real Estate Taxes: The real estate taxes will be prorated between the Seller and Buyer(s) to the date prior to closing. Taxes are approximated to the best of our knowledge in the marketing material, and the title company shall confirm the final tax amount before closing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Visit http://peoplescompany.bidwrangler.com/

Financing: The sale of the property is not contingent upon the Buyer obtaining financing. All financing arrangements are to have been made before 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.

Earnest Money Payment: A 10% non-refundable earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of a check or wire transfer. Earnest money for tracts 1 and 2 will be held at Tri-County Title Services, LLC. Earnest money for tracts 3 through 6 will be held at Access Title, Inc. Earnest money for tract 7 will be held at Midwest Title.

Closing: Closing will occur on Wednesday, July 17th, 2024. The balance of the purchase price will be payable at closing in the form of a guaranteed check or wire transfer.

Possession: Possession of the land will be given at Closing.

Farm Lease: The farm is available for the 2024 growing season.

Farm Program Information: Farm Program Information is provided by the Grant 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 Grant County FSA and NRCS offices.

Vacant Land Disclosure Report: Buyer waives his right to the Vacant Land Disclosure Report under Wis. Stat. §709.02 and further waives his right to rescind under Wis. Stat. §709.05 according to Wis. Stat. §709.08.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit the required earnest money payment with the respective title company. The terms of the signed Real Estate Purchase Contract shall govern the sale and shall supersede all prior negotiations, discussions, representations, or information regarding the sale, including this brochure. The Seller will furnish, at Seller’s expense, a current Title Commitment for an Owner’s Policy in the amount equal to the Total Purchase Price. Buyer will pay the premium for any title insurance policy Buyer chooses to obtain. The Seller agrees to convey marketable title to the property. This sale is not contingent on financing.

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, they will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

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. All bids will be on a whole-dollar basis. Peoples Company and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on 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. This auction is with reserve.

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 investigation of the property before bidding during the auction. The brief legal descriptions in the marketing material should not be used in legal documents. The full legal description will be taken from the title paperwork.

Location

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Tract 1 - Camp Street, Platteville, WI 53818

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Description

Tract 1 consists of 228.80 m/l acres with 105.30 m/l FSA cropland acres carrying an NCCPI of 75.8. The Powder Mill farm perfectly combines peaceful rural living and easy access to nearby amenities.

The Powder Mill farm offers an array of opportunities. Currently, the tillable land is not being farmed and consists of native grasses and beautiful wildflowers, which make this property an outdoor enthusiast's dream come true. As you walk through the tall native grasses, you’ll be surrounded by wildlife in every direction. The Little Platte River navigates through the western portion of the farm with multiple pinch points offering breathtaking views of the overlooking bluffs to the west.

The farm is located directly across the road from Westview Elementary School, making it a prime location for development. This property has four convenient access points on N. Western Avenue, Kelly Avenue, Mason Street, and Ridge Avenue. The eastern portion of the property is zoned R1 (single-family) residential. This tract is currently situated in an area with multiple utility service extension options, including a lift station at the end of Kelly Avenue. Additionally, one could annex the western portion of the property into the City of Platteville and continue development with larger lots overlooking the Little Plat River and surrounding bluffs.

**Parcel number 050-00329-0000 benefits from an ingress-egress easement off of Camp Street (house and five acres are not included in the sale)**

Legal Description

Located in Sections 8 and 9 of the Town and City of Platteville, Grant County, Wisconsin. Exact legal description to be taken from Title Commitment.

Details

Acres: 228.80 Acres M/L
Parcel Number: 050-00280-0000, 050-00288-0000, 050-00326-0000, 050-00327-0000, 050-00328-0000, 050-00329-0010, 271-00830-0000
Net Taxes: $3,104.00
Productivity Index: 75.8

Directions

Adjacent to N Western Avenue and Camp Street. Look for the Peoples Company Sign.

Tract 2 - Kelly Avenue, Platteville, WI 53818

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Description

Tract 2 consists of 0.85 m/l acres and is just a short walk from Westview Elementary School and Westview Park. This lot is an ideal choice for those who value seclusion and tranquility. Boasting a prime location that provides easy access to an array of shopping centers, restaurants, and entertainment options, this property is perfect for those who want the best of both worlds. Tract 2 is an excellent choice for anyone looking for a peaceful and convenient place to call home.

Legal Description

Located in Section 9 of the City of Platteville, Grant County, Wisconsin. Exact legal description to be taken from Title Commitment.

Details

Acres: 0.85 Acres M/L
Parcel Number: 271-02998-0000, 271-02999-0000
Net Taxes: $700.00

Directions

Located on the northeast end of Kelly Avenue. Look for the Peoples Company Sign.

Tract 3 - Jackson Street, Platteville, WI 53818

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Description

Tract 3 is a 4.99 m/l acre piece of land on Jackson Street, ideal for potential investors or individuals who desire property with privacy and easy access to nearby amenities. The tract is large enough to accommodate multiple residential lots and offers a tremendous opportunity to build more multi-family housing. Additionally, the tract has easy access to utilities, which would make construction a breeze. This tract offers a unique investment opportunity.

Legal Description

Located in Section 14 of the City of Platteville, Grant County, Wisconsin. Exact legal description to be taken from Title Commitment.

Details

Acres: 4.99 Acres M/L
Parcel Number: 271-02460-0010
Net Taxes: $90.00

Directions

Located on the north side of Jackson Street. Look for the Peoples Company sign.

Tract 4 - Grant Street, Platteville, WI 53818

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Description

Tract 4 consists of 3.43 m/l acres and is located on Grant Street, offering plenty of opportunities for prospective developers. This property is ideally situated for developers with 13 plotted residential lots. Its proximity to Platteville High School makes it an ideal location for a family-friendly residential development. The property is on a quiet street in a growing area with plenty of potential for future growth and development. Tract 4 is conveniently located near E Business Highway 151 Business Park.

Legal Description

Located in Section 14 of the City of Platteville, Grant County, Wisconsin. Exact legal description to be taken from Title Commitment.

Details

Acres: 3.43 Acres M/L
Parcel Number: 271-02561-0000, 271-02562-0000, 271-02563-0000, 271-02564-0000, 271-02565-0000, 271-02566-0000, 271-02567-0000, 271-02568-0000, 271-02569-0000, 271-02570-0000, 271-02571-0000, 271-02572-0000, 271-02573-0000
Net Taxes: $6,313.00

Directions

Located on the south side of Grant Street. Look for the Peoples Company sign.

Tract 5 - Lincoln Street, Platteville, WI 53818

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Description

Tract 5 consists of 7.62 m/l acres at the corner of Grant Street. This property presents a rare and exceptional opportunity for anyone who wants to build a beautiful, secluded home. Its proximity to Platteville High School makes it an ideal location. The property is at the corner of a quiet street for those seeking privacy, tranquility, and natural beauty. Additionally, this location provides easy access to various shopping centers and restaurants, making it the perfect spot for those who enjoy both seclusion and city amenities.

Legal Description

Located in Section 14 of the City of Platteville, Grant County, Wisconsin. Exact legal description to be taken from Title Commitment.

Details

Acres: 7.62 Acres M/L
Parcel Number: Part of 271-02442-0000, 271-00341-0000, 271-00342-0000
Net Taxes: $737.00

Directions

Located on the south side of Grant Street and the east side of Lincoln Street. Look for the Peoples Company Sign.

Tract 6 - Lincoln Street & E Madison Street, Platteville, WI 53818

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Description

Tract 6 is 22.23 m/l acres located adjacent to Lincoln and E Madison Street. This property offers an exceptional opportunity for anyone looking to build a single-family home with acres of privacy and seclusion. Additionally, this property would make an ideal subdivision with easily accessible lots off Lincoln Street and E Madison Street. Future land use plans call for low-density (single-family) residential. The gently rolling topography with mature timber will offer an attractive variety of walk-out, daylight, and standard lots. It is conveniently located just a short walk from Platteville High School, making it an ideal location for families. The tranquil surroundings of this property make it perfect for those seeking privacy and the sereneness of the surrounding trees. This is truly an opportunity you don’t want to miss out on.

Legal Description

Located in Section 14 of the City of Platteville, Grant County, Wisconsin. Exact legal description to be taken from Title Commitment.

Details

Acres: 22.23 Acres M/L
Parcel Number: Part of 271-02442-0000, 271-00341-0000, 271-00342-0000
Net Taxes: $1,730.00

Directions

Adjacent to the east side of Lincoln Street and the south side of E Madison Street.

Tract 7 - W Business Highway 151 & Pioneer Road E, Platteville, WI 53818

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Description

Tract 7 is a spacious and well-located piece of real estate that consists of two commercial buildings on 3.88 m/l acres. The two commercial buildings measure 50'x80' and 60'x120'. The buildings are equipped with 200-amp power and floor drains. The lot is situated on Pioneer Road E/W Business Highway 151, making it an ideal location for new and existing businesses looking to establish or expand their operations there, with a daily traffic count of 4,800. The lot offers ample space for additional parking or another building, which makes it a highly flexible option for businesses of all sizes and types. Moreover, the lot provides easy access to city streets and Highway 151.

Open House Date:
Saturday, May 18th, 9:00 a.m. to 12:00 p.m.