Attention Land and Acreage Buyers – here is an excellent opportunity to purchase a picturesque farm and acreage in Lake City. The farmland contains a blend of productive cropland and pastureland with a meandering stream and wooded sidehills. Tract 1 contains 7 lots which have been platted for development. The acreage on tract 2 is a tranquil setting on the edge of town featuring a 2 story farmhouse. This acreage would be ideal for a renovation project or to build new. Make plans to attend this auction on November 16th; we look forward to seeing you at the auction.
Tract 1 is located on the northwest edge of Lake City, IA just north of Highway 175 on N. 37th Street. Acreage address is 1001 N. Garfield Avenue in Lake City, Iowa.
Tract 1 (154.47 Acres m/l) – Part of the East Half (Pt. E½) of Section Twelve (12), Township Eighty-six (86) North, Range Thirty-four (34) West AND part of the Northwest Quarter of the Southwest Quarter (Pt. NW¼ SW¼) of Section Seven (7), Township Eighty-six (86) North, Range Thirty-three (33) West of the 5th P.M., Calhoun County, IA. Exact legal to be taken from abstract.
Tract 2-2.42 acres m/l in the Northwest Quarter of the Southwest Quarter (Pt. NW¼ SW¼) of Section Seven (7), Township Eighty-six (86) North, Range Thirty-three (33) West of the 5th P.M., Calhoun County, IA. Exact legal to be taken from abstract.
Tract 1 FSA Information
Cropland Acres: 83.33
Corn Base: 70.10 Acres / PLC Yield: 159
Soybean Base: 12.8 Acres / PLC Yield: 41
Tract 1 Cropland Acres Avg. CSR2: 71.2
Tract 1 Cropland Acres Avg. CSR1: 64.6
Tract 1 Soils: Clarion, Storden, Nicollet, Wadena, Webster, Coland-Spillville, Terril
Tract 1: $2,798
Tract 2: $1,072
Tract 1 will be sold first with sale of Tract 2 immediately following.
10% earnest money down day of sale. Balance due at closing on or before December 20, 2023. Real estate taxes prorated to December 31, 2023. Farm to have an open lease for the 2024 crop year. All final bids subject to seller approval.
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We are proud members for the following professional organizations: American Society of Farm Managers and Rural Appraisers, National Association of Realtors, Realtors Land Institute and Iowa Auctioneers Association.
