Auction Information
#2758 Morehart Farm Auction - One Chance Sealed Bid
LandProz is pleased to present the Morehart Farms in Marshall County, MN. This cropland will be offered to the public to bid their price, via a one-chance sealed bid auction. Bids must be submitted no later than Friday March 28, 2025 at 12:00 PM [CST]. Sealed bids can be submitted in-person, by mail or by e-mail [see submission options listed above].
Introducing an exceptional opportunity to acquire 196.38 +/- deeded acres of prime agricultural land. This productive farmland is located just 7 minutes Northwest of Newfolden, MN. Conveniently located directly off County 30/350th Street NW, making it easily accessible to local big grain markets in Newfolden. The land boasts a CPI of 53.2. CRP is not in place, and could possibly be an option for a new buyer.
Currently, the property is open for rent, no current contract, providing a potential reliable return on investment for the new owner. ...
Currently, the property is open for rent, no current contract, providing a potential reliable return on investment for the new owner. This farm is not only an ideal choice for those looking to expand their farming portfolio, but it also offers the potential for a variety of agricultural uses, whether youre interested in leasing the land to local farmers, using it for pasture, or managing the crops yourself.
Dont miss out on this fantastic opportunity to invest in a productive piece of farmland with great income potential! See all supplements.
Please contact LandProz Associate Broker & Realtor Jen Busch at 507-923-7657 for more information regarding this auction.
PROPERTY FEATURES
196.38 +/- Deeded Acres
156 +/- Tillable Acres
CPI of 53.2
Prominent Soil Types: Rosewood Fine Sandy Loam & Aspen Parkland
Tenant/Possession: Open to farm or rent
Level land, 2 field accesses
Very close to large grain markets in Newfolden, MN
Real Estate taxes $1,798
OWNER
Morehart Farms
SEALED BID SUBMISSIONS
In-Person or via USPS to:
111 E Clark Street, Albert Lea, MN
or
Email your bid to LandProz
TERMS
10% down [non-refundable] of Earnest Money due upon accepted winning bid to accompany an executed purchase agreement. Earnest money will be held in the listing brokerage escrow account until closing. Only approved bidders will be registered to bid via sealed bid auction. Buyers will need to provide a letter of credit or proof of funds with sealed bid. Closing will be on, or before, April 15, 2025. Bidding will be dollars per deeded acre. There will be a 2% Buyer's Premium added to the final purchase price. 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. For more information, a copy of the purchase agreement or a bidding packet, please contact Auction Manager Jen Busch at 507-923-7657.
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