Brookings County Land Auction
841.14 +/- Acres Located in Brookings County with Sealed Bids Due January 28, 2025.
This Exceptional Property offers a Unique Combination of Highly Productive Cropland and Prime Development Land, Ideally located near Brookings, South Dakota, just off Interstate 29. With Excellent Road access, Unmatched Development Potential, and Strong Income Streams, these properties provide the Perfect Opportunity for Agricultural Operators, Investors, or Future Commercial or Residential Development.
Cropland and development land have experienced significant appreciation in recent years due to the continued growth of Brookings, SD, and rising demand for South Dakota farmland. As Brookings continues to expand, the propertys proximity and versatility position it well for both immediate agricultural returns and development potential.
Condensed Property Summary - See M...
Condensed Property Summary - See Marketing Packets in the Documents Tab for Full Property Descriptions
Tract 1:
- 156.63 +/- Acres of Cropland with Paved Road Access.
- Annual Rental Income: $61,430.40 Lease Expiration 12/31/2027.
- New Drainage Tile to be Installed in the Fall of 2024.
- 2 Miles Northwest of Brookings, SD.
- No Aerial Photos are available due to restricted flight access from Brookings Regional Airport.
Tract 2:
- 53.08 +/- Acres of Prime Development/Cropland North of Highway 14.
- 1/2 Mile from South Dakota State University Campus.
- 16" Water Main to be installed on the south edge of the property in 2025. (See Marketing Packet for more information)
- Terms for the City's Proposed Waterline Easement will be left to the Buyer's Negotiations and Discretion.
- IMMEDIATE ACCESS Upon Closing - Current Lease Terminating 12/31/24.
- Previous Cropland Rental Rate: $375 Per Leased Acre
Tract 3:
- 51.20 +/- Acres of Prime Development Land on the East side of Brookings across from the Dacotah Event Center.
- U.S. Highway 14/6th Street Frontage only 1/2 mile East of Interstate 29.
- Recent Infrastructure Improvements Near the Property Promoting Future Development.
- New Water Main - Estimated Completion November 2024.
- Increased Capacity of Existing Sanitary Sewer - Estimated Completion November 2024.
- Currently in the process of being platted. Acreage subject to survey.
- IMMEDIATE ACCESS Upon Closing - Current Lease Terminating 12/31/24.
- Previous Cropland Lease Rate: $435/acre.
Tract 4:
- 142.56 +/- Acres of Crop/Prospective Development land Located East of Brookings 1/2 Mile.
- U.S. Highway 14 Frontage directly South of the Bypass Junction.
- IMMEDIATE ACCESS - Current Lease Terminating 12/31/24.
- Previous Cropland Lease $460/acre.
Tract 5:
- 437.67 +/- Acres of Cropland located Northeast of Brookings.
- Long straight rounds for Row Crop Production.
- Larger Sized Field Under 4 Miles from Brookings, SD.
- Annual Rental Income: $164,126.25 Lease Expiration 12/31/2027.
Prelimiary Title Reports Available in the Attachements.
DUE DILIGENCE NOTICE
Some Tracts, or portions of some Tracts, may be within and/or restricted by the current flood plain and/or the Wellhead & Aquifer Protection Zones, which may limit future use, capabilities, developments, farm related activities, and/or construction on the property. The existing county zoning of Tracts 1-5 is agricultural, and such is being sold as-is with Purchasers being notified prior to the auction that no representations or warranties are made (express or implied) regarding the implications of any such restrictions, including but not limited a Purchasers alternate future use or uses for and on the properties being sold. Such inquiries and confirmations shall be the sole responsibility of the Purchaser as part of the Purchasers due diligence prior to the auction. Additional information regarding the Wellhead & Aquifer Protection Zones can be found at the following:
Brookings County Planning and Zoning (605) 696-8350; and,
Brookings City Community Development (605) 692-6629.
All Boundaries shown in the marketing material are estimated and subject to change.
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