Grundy County, IA Land For Sale /70 +/- Acres
Grundy County 70 +/- Acres (Tract 1)

Grundy County 70 +/- Acres (Tract 1)

Current High Bidder:
Starting Bid:$1.00/Acre
Bid Increment:$500.00
AUCTION INFOBack to Top

Iowa Farmland For Sale in Grundy County 

March 11th, 2025 at 10 am

Whitaker Marketing Group proudly presents this 214+/- acre property in Iowa, comprising of 3 tracts. 

Highlights:

  • Investment Potential
  • Cell Tower Income on Tract 2 
  • Near Highway 20
  • 89.9 - 93.7 CSR Scores 

Location of Auction: Wellsburg Memorial Building, 501 N Adams St, Wellsburg, IA 50680

Date of Auction: Tuesday, March 11th, 2025, 10:00 AM

Directions to the Farm: 
Tract 1: From Wellsburg, head East on E 4th St toward Jackson St for 0.5 miles. Continue onto 185th St for 1.5 miles. Then turn right onto H Ave for 0.5 miles. Turn left onto 190th St for 4 miles. Then turn left onto L Ave for 2.7 miles. The farm will be located on the East side of the road. 

Tract 2: From Wellsburg, head East on E 4th St toward Jackson St for 0.5 miles. Continue onto 185th St for 1.5 miles. Then turn right onto H Ave for 0.5 miles. Turn left onto 190th St for 4 miles. Then turn left onto L Ave for 3.0 miles. Turn right onto 160th St for 0.8 miles. The farm will be located on the South side of the road. 
Tract 3: From Wellsburg, head East on E 4th St toward Jackson St for 0.5 miles. Continue onto 185th ST for 1.5 miles. Then turn left onto H Ave for 2.5 miles. Turn right onto 160th St for 1 mile. Then turn right onto I Ave for 0.2 miles. The farm will be located on the East side of the road. 

Location of Land: 
Tract 1:
Located 6.51 miles Northeast of Wellsburg, Iowa
Tract 2: Located 7.18 miles Northeast of Wellsburg, Iowa
Tract 3: Located 3.85 miles Northeast of Wellsburg, Iowa

Legal Description:
Tract 1: Sec 2-88N-17W  Parcel ID (881702100002)

Tract 2: Sec 2-88N-17W  Parcel ID (881702200001)
Tract 3: Sec 5-88N-17W Parcel ID (881705100001)

Selling Multiplier: 214 +/- acres 
Tract 1: 70 +/- acres 
Tract 2: 74 +/- acres
Tract 3: 70 +/- acres 

Taxable Acres: 207.35 +/- acres 
Tract 1: 69.09 +/- acres 
Tract 2: 71 +/- acres
Tract 3: 67.26 +/- acres 

Taxes: $8,748.00 in Total
Tract 1: $3,118.00 Estimated 
Tract 2: $3,054.00 Estimated
Tract 3: $2,576.00 Estimated

Tillable Acres:  202.64+/- acres (Surety Maps) 
Tract 1: 69.35+/- acres 
Tract 2: 68.06+/- acres
Tract 3: 65.23+/- acres

CSR2: 92.27 (Average) On Tillable Acres 
Tract 1: 93.2 CSR2 On Tillable Acres 
Tract 2: 89.9 CSR2 On Tillable Acres 
Tract 3: 93.7 CSR2 On Tillable Acres 

Zoning: A-1 Ag

Farm Tenancy: All three farms are open for the 2025 season. 

Cell Tower: Tract 2 has a cell tower lease with New Cingular Wireless PCS, generating a monthly income of $612.21. The original contract was set to expire in April 2031 however with the provision to the lease there is an automatic renewal "Extension Term" (every 5 years) with an expiration date of April 30, 2071.  At date of closing, all payments associated with the cellular tower lease will be assigned to Buyer.  Seller is entitled to all payments prior to the date of closing, except that the month in which the transaction closes will be prorated to the date of closing. Note: There have been multiple companies that have reached out with interest to buy the cell tower lease from the new buyer. Letter(s) of Intent are available upon request.

FSA Information (156 Farm Record):  

*Found in the documents tab. 

Description: Sec 2-88N-17W (Tract 1, 2), Sec 5-88N-17W (Tract 3)

FSA Number: : #3837 (Tract 1, 2),  #1144 (Tract 3)

FSA Tract Number:  #1934 (Tract 1, 2), #1882 (Tract 3)

FSA Farmland Acres: 141.21 +/- (Tract 1, 2),  67.41 +/- (Tract 3)

FSA Cropland Acres: 139.04 +/- (Tract 1, 2), 67.41 +/- (Tract 3)

HEL & WETLANDS:  NHEL

Total Base Acres:  136.10 (Tract 1, 2), 66.50 (Tract 3)

   Corn Base: 84.60 (Tract 1, 2), 37.20 (Tract 3)

   PLC Yield: 183 (Tract 1, 2), 190 (Tract 3)

   Soybean Base: 51.50 (Tract 1, 2), 29.30 (Tract 3)

   PLC Yield: 49 (Tract 1, 2), 50 (Tract 3)

LOT DETAILSBack to Top
TERMS & CONDITIONSBack to Top

Auction Sales Method: The real estate will be offered as 3 tract(s) of land.

Survey: At the buyer's option and expense, they can have the property surveyed if desired. The final contract price will not be adjusted to reflect any difference between the advertised and actual surveyed acres. 

Gas Line: Tract 1 has a gas line running through the Southwest Corner of the field. 

Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). 

Taxes: The real estate taxes will be pro-rated to the day of closing. 

Contract and Title: Immediately upon the conclusion of the bidding, the high bidder(s) will enter into a real estate contract and the earnest money will be deposited in the Real Estate Trust Account of the seller's attorney. The Seller will provide a current abstract of title at their expense. 

Earnest Payment: Earnest money in the amount of ten (10%) percent of the contract price shall be due with the acceptance of the offer. The payment may be in the form of a cashier’s check, personal check, company check, or wired funds.  Earnest money will be deposited in the Stockdale Law Trust Account. 

Closing: Taylor Nederhoff, attorney at Stockdale Law PLC, will be the closing attorney. The sale closing is on April 25th, 2025. Certified funds will be required at the time of closing for the remaining balance of the purchase. The balance shall be paid in the form of certified funds upon closing. 

Possession: Possession will be granted at closing, or such other date agreed to by both parties, subject to the current farm lease. 

Agency: Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction. Whitaker Marketing Group acts as the Auctioneer and Auction Company. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. 

Notice: All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. This sale is subject to all easements, covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. Seller reserves the right to reject any and all bids. Any announcements made auction day by the auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the auctioneer. All decisions of the auctioneer are final.

Online Bidding: Please visit our website to register for online bidding. Server, Software, and Phone Technical Issues: In the event there are technical difficulties related to the server, software, phone, or any other online auction-related technologies, Whitaker Marketing Group reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Whitaker Marketing Group shall be held responsible for a missed bid or the failure of the software to function properly for any reason. E-mail notification will be sent to registered bidders with updated information as deemed necessary by Whitaker Marketing Group.

Seller(s):  Robert H. Teske Estate

 

 

What is My Farm Worth? Get a free valuation here:

LOCATION (MAP)Back to Top
Wellsburg, Iowa 50680
United States
AppointmentsBack to Top