Cherokee, IA 51012 - Cherokee County

Cherokee County Iowa Farmland Auction

Upcoming Live Public Farmland Auction Of 3 Tracts Of Farmland Located In Cherokee TWP, Cherokee County, IA Just North Of Cherokee, IA

These Tracts Of Land Are Located Just On The North Edge Of Cherokee, IA!

Tract 1: 12.26+/- Acres Located Just North Of Cherokee, IA On HWY 3

Tract 2: 73.34+/- Acres Of Farmland With A CSR2 Of 88.9

Tract 3: 28.81+/- Acres Of Farmland With A CSR2 Of 91.9

Location: From the intersection of HWY 59 & HWY 3 on the North side of Cherokee, IA go Northwest on HWY 3 for 1/2 mile to Tract 1. Tract 2 & 3 are located from the North side of Tract 1 at the intersection of HWY 3 & 510th St. approx. 1/4 West on 510th St. Tracts 2 & 3 are located on the South side of 510th St. Tracts 2 & 3 are adjoining.

Sale Date: March 20, 2025 10:30 A.M.

Auctioneers Note: The Zomer Company is pleased to have been selected to offer at live public auction these outstanding tracts of Cherokee County, IA land! These farms offer a unique opportunity to purchase land in an area where land is not often available and on the edge of a community! Purchasing land is an investment in your familys future! Making the decision to purchase land is one you will not regret! Make plans today to purchase one or all of these tracts of land!

Abbreviated Legal Description Of Tract 1: Parcel L in the NW1/4 of Section 22, TWP 92N, Range 40W, Cherokee County, IA. Subject to all easements and public roads of record.

General Description of Tract 1: According to the recent survey, this property contains 12.26+/- gross acres. According to FSA, this farm contains approx. 11.91+/- tillable acres. This farm has a corn base of 6.20 acres with a PLC yield of 172bu and a soybean base of 5.70 acres with a PLC yield of 48bu. This farm is classified as HEL. The predominant soil types include: 310B, C, C2-Galva, 78B2-Sac, 91B-Primghar. The average CSR1 is 62.2. The average CSR2 is 88.7. This tract of land is in an outstanding location, located just North of Cherokee, IA on HWY 3! It is rare to find smaller tracts of land located on major highways just outside of growing communities! This tract of land offers a magnitude of possibilities for both farming operations and a great location for potential growth of Cherokee, IA! If buyer has any questions about any possible future permitted uses of the property, buyer should verify with zoning to confirm whether buyers potential future use of the property would be permitted! This is a rare opportunity that you should strongly consider!

Abbreviated Legal Description Of Tract 2: Parcel K in the NE1/4 of Section 21, TWP 92N, Range 40W AND In the West 1/2 of Section 22, TWP 92N, Range 40W, all in Cherokee County, IA Subject to all easements and public roads of record.

General Description of Tract 2: According to the recent survey, this property contains 73.34+/- gross acres. According to FSA/survey/Agri-Data, this farm contains approx. 70.10+/- tillable acres. This farm has a corn base and soybean base combined with the adjoining farmland with a PLC yield of 172bu on corn and a PLC yield of 48bu on soybeans. This farm is classified as HEL. The predominant soil types include: 310B, C-Galva, 577C-Everly, 33F-Steinauer, 78C2-Sac, 91B-Primghar. The average CSR1 is 61.6. The average CSR2 is 88.9. This is a great opportunity to purchase an inside tract of farmland! This land is in a good location and has excellent soil ratings! Making the decision to invest in farmland, is an investment in your familys future! If you are looking for a good quality farm to add to your operation or investment portfolio then be sure to take a look at this farm! This farm is adjoining Tract 3 and if you purchased both tracts it offers a great opportunity to have a contiguous 102.15+/- acre tract of farmland! Buyer of tract 2 will be required to install a field driveway at the buyers sole expense for access to Tract 2 if the buyer of Tract 2 is different then the buyer of Tract 3. Make plans to attend this auction!

Abbreviated Legal Description Of Tract 3: Parcel E in the NE1/4 of Section 21, TWP 92N, Range 40W, Cherokee County, IA. Subject to all easements and public roads of record.

General Description of Tract 3: According to the recent survey, this property contains 28.81+/- gross acres. According to FSA/Survey, this farm contains approx. 28+/- tillable acres. This farm has a corn base and soybean base combined with the adjoining farmland with a PLC yield of 172bu on corn and a PLC yield of 48bu on soybeans. This farm is classified as HEL. The predominant soil types include: 310B, C-Galva, 577C, D2-Everly, 78C2-Sac, 91B-Primghar, 33F-Steinauer. The average CSR1 is 65.9. The average CSR2 is 91.9. This is a great opportunity to purchase a smaller tract of farmland in an area where smaller tracts of land are not often available! If you are a younger farmer looking to purchase your first farm, established operator looking to add to your operation or investor looking for a good tract of land to purchase as an investment, then make plans to attend this auction! The opportunity to purchase smaller tracts of land is not always available! This tract of land is nearly 100% with the only exception being the road and ditch! This farm checks off all the boxes when searching for land including, good location, good soil ratings and very few non tillable acres!

Method of sale: Auction to be held at the site of the farmland. Farms will be offered for sale with the final bid price times the gross surveyed acres. Tract 1 will be sold first and then once Tract 1 is sold then choice will be offered on Tracts 2 & 3. The top bidder of the round of choice will have the option to select either Tract 2 or Tract 3 or both of the tracts. If the top bidder only selects either Tract 2 or Tract 3 then whichever tract is remaining will then be sold. Tracts will not be combined in any way other than the option to purchase both Tracts 2 & 3 if you are the top bidder of the round of choice. Once a tract is sold it will remain sold.

Taxes: The current Real Estate Taxes according to the Cherokee County Treasurer are approx. $450.00 per year on Tract 1, approx. $2,300.00 per year on Tract 2, and approx. $900.00 per year on Tract 3. NOTE: Taxes are only estimated and will be reassessed by the Cherokee County treasurer due to the recent surveys. Seller will pay the 2024 taxes which are due and payable in March and Sept of 2025.

Possession: Buyer will receive farming possession of the farmland on April 1, 2025.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day which will be on or before April 25, 2025. Buyer shall receive a clear and merchantable title to the property on closing day. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. All buyers are encouraged to do buyers due diligence. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. If buyer delays closing, penalties may apply. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers.. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Jason Cook, Cook Law FirmAttorney for sellers.

Gerald & Janice Korleski EstateOwners