LandProz is pleased to present the Basinger Family Farm in Cottonwood, MN. This tillable land will be offered to the public to bid their price via LandProz AuctionCast at our website. Online bidding will open November 19, 2024.

Discover an opportunity to own 160 +/- deeded acres of prime agricultural land, strategically located North of Mountain Lake, MN; Just North of State Highway 60 in South Central Minnesota. Located on a blacktop, ensuring excellent visibility and accessibility. This property not only boasts 154.73 +/- tillable acres but also features Webster and Nicollet Clay Loam which are some of the best soils in Minnesota giving this farm an outstanding CPI of 94.2.

The surrounding area is characterized by fertile lands and a robust farming community, making it ideal for both seasoned farmers and new investors looking to add to their portfolios. Whether you're looking to expand your agricultural holdings or invest in a productive piece of land, this property offers incredible potential. With many qualified operators in the region and being located a little over a mile from a grain elevator, you can easily find reliable tenants to maximize your investment returns. Don't miss out on this unique opportunity to acquire 160 +/- acres of some of the finest agricultural land Minnesota has to offer.

Please contact LandProz Broker & Auction Manager Brian Haugen at 507-208-0791 for more information regarding this auction.

PROPERTY FEATURES

160 +/- Deeded Acres

154.73 +/- Tillable Acres

Very strong CPI of 94.2

Prominent soil types: Webster & Nicollet Clay Loam

Many nearby qualified operators

Drain Tile in place

Drain Tile Mains 10", 12", & 16"

Excellent access along a blacktop road

Highly sought after soils in all of MN

Nearby commercial grain elevator with rail [1 miles away]

Just North of State Hwy 60 in South Central MN

Very strong cash rent area

Excellent farm to add to an existing portfolio

Real Estate taxes $8,906

OWNER

Basinger Family Farms

AUCTION LOCATION

Online at our website or

In-Person at AuctionCast Studios:

1800 Roscoe Avenue, Zumbrota MN

TERMS

$100,000 down [non-refundable] of earnest money on the day of the auction or mailed in within 3 days. Earnest money will be held in the listing brokerage escrow account until closing. Only approved bidders will be registered to bid. Buyers will need to provide a letter of credit or proof of funds prior to bidding. Closing will be on or before January 15, 2025. There will be no financing contingencies. Buyer's to do their own due diligence prior to bidding. There will be a 2% Buyer's Premium added to the final purchase price. Bidding is dollars per deeded acres. Any statements made the day of the auction take precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee it's accuracy.