McCook County, SD
238.53 Acres M/L

45000 262nd Street
Canistota, SD 57012

Price	$2,450,000
Listing	#19768

Land Agent

Sean Kelly

Office: 855.800.LAND
Mobile: 531.250.7800
Sean@PeoplesCompany.com

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Description

Peoples Company is pleased to present a highly productive 238± acre farmland offering in McCook County, South Dakota, combining quality agricultural land with long-term investment and development potential.

The property is comprised of a full 160-acre tract on the north and an adjoining short 80-acre tract immediately to the south, creating an attractive opportunity to acquire a sizable contiguous landholding. Approximately 148± acres are tillable, providing productive agricultural income potential, with the balance consisting of grassland and other non-tillable acres.

An additional feature of the property is existing drainage tile on portions of the north 160 acres, adding value to the agricultural operation and productivity of the farm. Soil maps and available tile information are available for review.

Beyond its agricultural attributes, the property offers intriguing long-term development potential due to its location near Lake Vermillion and within convenient proximity to Sioux Falls. The continued growth of the Sioux Falls metropolitan area, combined with the recreational appeal of Lake Vermillion, provides an additional dimension to the property's long-term investment potential. Buyers have the opportunity to acquire productive farmland capable of generating agricultural income today while maintaining exposure to potential future residential, acreage, recreational, or other development opportunities.

The combination of productive tillable farmland, existing drainage improvements, proximity to Lake Vermillion, and accessibility to the growing Sioux Falls market makes this a unique offering for farm operators, investors, developers, and buyers seeking a long-term land investment.

The property is being offered at $2,450,000.

Legal Description

SE4 32-102-53, E2NE4 5-101-53. Exact legal description to be taken from the Title Commitment.

Directions

From Canistota, SD (Nearest Town): Head north out of town on Main Street (which becomes 444th Avenue). Turn right (east) onto 261st Street / City Highway 16. Follow 261st Street straight east for 6 miles until you hit 450th Avenue. Turn left (north) onto 450th Avenue. Drive north for 1 mile. The destination, 45000 262nd Street, is located at the intersection of 262nd Street and 450th Avenue.

From Humboldt, SD: Head west out of town onto Interstate 90 West. Take Exit 374 for 451st Avenue (towards Canistota/Monroe). Turn left (south) onto 451st Avenue. Follow 451st Avenue south for about 4.5 miles. Turn right (west) onto 262nd Street. Arrive: Continue west on 262nd Street for 1 mile. The destination will be on your left at the intersection of 450th Avenue.

Sign On Property: Yes
Parcel Number: 09.32.3000 and 16.05.1001
General Area: Canistota
Gross Taxes: $1,723.67
Soil Productivity: 63.6
Zoning: Agricultural

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