Auction Note

LAND AUCTION 718 +/- Acres – Red Lake & East Polk Counties, MN Thursday, March 27, 2014 – 2:30 p.m. (CT)     Auction Location: Erskine Community Center – Erskine, MN   Auction Note: Featuring 718 +/- Acres including 223 acres of CRP that expires 9/30/2014.  This property has good cropland, hunting land & an outstanding building site with tree belt, grain bins, outbuildings & a very nice, large shop.  To be sold in seven (8) parcels.      Contact: Steve Dalen at 701-893-8517 for more information, or Pifer’s Auction & Realty at 877-700-4099 for a property brochure.   Driving Directions:   PARCELS 1, 1A, 1B, 2 & 3:  From the intersection of MN HWY #2 & HWY  #32 (south of Red Lake Falls, MN):  Drive north on HWY #32 for 5 miles, then drive east on HWY #92 for 2 miles.  From this point, Parcel 1 & 1A are located 1 mile further east on HWY #92, and Parcels 2 & 3 (contiguous parcels) are located 2 ½ miles south on CR #115.  Parcel 1B is located 3.5 miles east of Parcel 1A on HWY #92, then north 1 mile on Twp. Rd. #12, and finally 3/4 mile east on Twp. Rd. #120. PARCELS 4, 5 & 6:  From the intersection of MN HWY #2 & MN HWY  #59 (east of Erskine, MN):  Drive south on MN HWY #59 for 1/5 of a mile, then turn west on Elm Ave. and drive ½ mile to the northeast corner of Parcel 4.  From this point, the northeast corner of Parcel 5 & the northwest corner of Parcel 6 are located ½ mile south.       Property Information:    PARCEL 1         PARCEL 1 - Red Lake County Acres: 153 +/- Legal: NE¼ 7-150-43 (Terrebonne Twp.) Cropland: 148 +/- acres Taxes (2013): $2,848.00 (includes Parcels 1 & 1A) Parcel Note: This parcel features 148 +/- acres of cropland with a Soil Productivity Index of 64.3.       PARCEL 1A (Building Site)         PARCEL 1A (Building Site) - Red Lake County Acres:  7 +/- Legal:  7 +/- ac. NE¼ NE¼ NE¼ 7-150-43 (Terrebonne Twp.) Taxes (2013): $2,848.00 (includes Parcels 1 & 1A) Parcel Note: This parcel features a fantastic building site with HWY access, large insulated shop with concrete floor, 100,000 bushel grain bin storage, mature tree belt bordering the south and west, out buildings & room to build a home and more!  This parcel is subject to prior sale! Building Site Features: - (10x)  10,000 bu. grain bins - (2x) 17,000 +/- gal. fuel tanks (horizontal) - 3-phase Electric service Well: 4” well drilled around 1990-91, with outstanding water supply! Shop (Insulated): Originally set-up with office, lunchroom & bathroom. - Building Size: 56’ W x 182’ L (full cement floor) - Shop Size: 56’ W x 64’ L - Shop Overhead Door: 20’ W x 14’ H - Heat: Electric in-floor & forced air         PARCEL 1B     PARCEL 1B - (Hunting Land) - Red Lake County Acres:  7.36 +/- Legal:  S 243' of SE1/4 of SW1/4 in 36-151-43 Taxes (2013): $1.25 +/- Specials (Estimate) & $20.00 Net Tax (Estimate) Parcel Note: This beautiful wooded acreage features access to the Terrebonne Creek along the south border of the parcel making this a wonderful hunting opportunity that can fit within everyone’s budget!  Township Road #120 allows easy access to this hunting get away!         PARCEL 2   PARCEL 2 - Red Lake County Acres: 148.8 +/- Legal: SW¼ 19-150-43, less farmstead (Terrebonne Twp.) CRP (Parcels 2 & 3 Combined): 223 acres, at $45/ac. = $10,035/yr. – Expires: 9/30/2014 Potential Cropland: 148 +/- acres Taxes (2014): $3,861.00 (total proposed for Parcels 2 & 3 Combined)) This parcel features 148 +/- acres of potential cropland with a Soil Productivity Index of 52.2.       PARCEL 3   PARCEL 3 - Red Lake County Acres: 160 +/- Legal: SE¼ 19-150-43 (Terrebonne Twp.) CRP (Parcels 2 & 3 Combined): 223 acres, at $45/ac. = $10,035/yr. – Expires: 9/30/2014 Potential Cropland: 160 +/- acres Taxes (2014): $3,861.00 (total proposed for Parcels 2 & 3 Combined)) Parcel Note: This parcel features 160 +/- acres of potential cropland with a Soil Productivity Index of 53.2.         PARCEL 4   PARCEL 4 - Polk County Acres: 121 +/- Legal: E½ & W½ all east of RR less Farmstead in NW¼ 10-148-42 (Knute Twp.) Cropland: 114 +/- acres Well: High producing 12" well Taxes (2013): $2,586.00 (Parcels 4 & 5 Combined) Parcel Note: This parcel features 114 +/- acres of cropland with a Soil Productivity Index of 71!       PARCEL 5   PARCEL 5 - Polk County Acres: 71 +/- Legal: NE¼ SW¼ less Cemetery & Part of W½ SW¼ all east of RR, all in 10-148-42 (Knute Twp.) Cropland: 66 +/- acres Well: 4" well Taxes (2013): $2,586.00 (Parcels 4 & 5 Combined) Parcel Note: This parcel features 66 +/- acres of cropland with a Soil Productivity Index of 78.9!       PARCEL 6   PARCEL 6 - Polk County Acres: 40 +/- Legal: NW¼ SE¼ 10-148-42 (Knute Twp.) Cropland: 40 +/- acres Taxes (2013): $574.00 Parcel Note: This parcel features 40 +/- acres of cropland with a Soil Productivity Index of 76.8!        OWNER: Randy Kroeplin   This sale is managed by Pifer’s Auction & Realty, Kevin Pifer, MN #14-106. All statements made the day of the auction take precedence over all printed materials.  This property is subject to prior sale. The seller reserves the right to accept or reject any and all bids.