Auction Information
147 Acres in Medina, ND
WRITTEN BID AUCTION
147 +/- Acres - Aggregate/Farmland - Stutsman County, ND
Written Bids Due: Friday, September 28, 2012 by 5:00 pm (CT)
Auction Location: Pifers Corporate Office -1506 29th Ave. S - Moorhead, MN
Auction Note: This property has 146.68 acres of farmland with 140 acres being cropped. The property would have the highest and best use as a gravel reserve. Although the property will generate a good income from tillable cash rent, the gravel reserves under the property are significant.
PLEASE NOTE: This property is subject to sale prior to bid due date. However, signed Purchase Agreement must be signed and accepted by seller prior to August 30, 2012.
Driving Directions: Located adjacent to and on the south side of I-94 at the Medina exit. Property is in the SW quadrant of that exit. Property has existing communication tower located in the N...
Driving Directions: Located adjacent to and on the south side of I-94 at the Medina exit. Property is in the SW quadrant of that exit. Property has existing communication tower located in the NE corner of the parcel.
Property Information:
Acres: 146.68
Legal: NE 7-139-68 less Hwy. acres Parcel # 07-0710000. (Chicago Township-Stutsman County)
FSA Cropland: 140 +/- acres
Taxes (2011): $513.45
Property Note: The property has recently been bore tested by Midwest Testing Laboratory, Inc. and subsequent collected samples were tested by Midwest Testing Labs to determine quality and quantity of the aggregate, sand & gravel. Estimated reserves are at 11,000,000 tons and the overburden depth ranges from 7 to 20 with an average overburden of sand at 12. The estimated reserves took into account the required setbacks from property lines and electrical transmission towers and lower voltage lines on the property. The property has known gravel reserves located above the water table and the gravel depth above water ranges from approximately 1 to 45 with an average of 25 of gravel under the overburden of sand.
Joe & Sherry Schmidt, Owners
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Driving Directions: Located adjacent to and on the south side of I-94 at the Medina exit. Property is in the SW quadrant of that exit. Property has existing communication tower located in the NE corner of the parcel.