Owner: The Estate of Susan J. King Schutz, fka Susan Smith; Mary Novotny, Personal Representative

Auctioneer Note: Join us as we proudly represent the Estate of Susan J. King Schutz, fka Susan Smith, in offering 960+/- acres of prime agricultural land in Brule County, South Dakota. Located just south of I-90 near Kimball, this auction is your chance to acquire premium farmland with easy access along with close proximity to Viterra-formerly Gavilon Grain-a large grain rail shuttle facility, in addition to a large pasture/grazing area located in the heart of renowned pheasant country in central South Dakota. The land, most of which has been in the Smith family for well over a century is an incredible opportunity for farmers, ranchers, investors, sportsmen, and outdoor lovers alike!  Seize this once-in-a-lifetime chance to own a piece of the agricultural legacy in South Dakota! The property will be offered in six individual tracts, and as entire unit. Come prepared to BUY!  Remember...Only at Auction!  Peterson Land & Auction LLC is proud to partner with Sturgis Real Estate & Auctions, Inc., on this tremendous property auction!

Property Directions: Tracts 1-3, 5 & 6:  I-90 Exit 284 at Kimball, SD.  At the exit, turn south onto Main Street/252^nd St for one-half mile.  Turn south onto 362^nd Ave for one mile then turn west onto 253^rd Street for one-half mile. Tract 4: I-90 Exit 284 at Kimball, SD.  At the exit, turn south onto Main Street/252^nd St for one-half mile.  Turn south onto 362^nd Ave for 2 miles then turn west onto 254^th St for one-half mile.  Signs designate the property and approximate corners are marked with orange ribbon.

Inspect property from the road - please be considerate and aware of seasonal road conditions.  Auctioneers will be onsite September 13, from 10am – Noon; September 30, from 1-4pm and October 15, from 1-4pm for questions and tours. For a private showing of the property, contact our office.

More information, photos and videos will be posted as it comes available.  Check back often!

Legal Descriptions:  

Tract 1:  Northwest Quarter (NW ¼) of Section Fifteen (15), Township One Hundred Three North (T103N), Range Sixty-eight West (R68W) of the 5th PM, Brule County, SD. 160 +/- acres.  Tract 1 includes 140.77 +/- acres of under cultivation with the balance in ROW and low-lying areas. The overall productivity index is 72.1. Real Estate Tax (2023): $1671.54

Tract 2:  Southwest Quarter (SW ¼) of Section Fifteen (15), Township One Hundred Three North (T103N), Range Sixty-eight West (R68W) of the 5th PM, Brule County, SD. 160 +/- acres. Tract 2 includes 148.35 +/- acres under cultivation with the balance in ROW.  The overall productivity index is 73.4. Real Estate Tax (2023): $1655.46

Tract 3:  Northwest Quarter (NW ¼) of Section Twenty-two (22), Township One Hundred Three North (T103N), Range Sixty-eight West (R68W) of the 5th PM, Brule County, SD. 160 +/- acres. Description: Tract 3 includes 139.01 +/- acres under cultivation with the balance in low areas and ROW. The overall Productivity Index is 68.6.  Real Estate Tax (2023): $1596.84

Tract 4:  Southwest Quarter (SW ¼) of Section Twenty-two (22), Township One Hundred Three North (T103N), Range Sixty-eight West (R68W) of the 5th PM, Brule County, SD. 160 +/- acres.  Tract 4 includes 127.79 +/-acres under cultivation with the balance in low-lying areas and ROW.  The overall productivity index is 67.7. Real Estate Tax (2023): $1470.68

Tract 5:  Southeast Quarter (SE ¼) of Section Sixteen (16), Township One Hundred Three North (T103N), Range Sixty-eight West (R68W) of the 5th PM, Brule County, SD. 160 +/- acres.  Tract 5 includes 155.81 +/- acres presently all in pasture with the balance in ROW. The overall productivity index is 75.5. There is a shallow dugout near the south portion of the quarter.  Note: Buyer will need to make application for rural water service with Aurora-Brule Rural Water, Kimball, SD, and Tract 5 is not fenced out of adjoining pasture on the south. Real Estate Tax (2023): $1676.68

Tract 6:  Northwest Quarter (NW ¼) of Section Twenty-one (21), Township One Hundred Three North (T103N), Range Sixty-eight West (R68W) of the 5th PM, Brule County, SD. 160 +/- acres.  Tract 6 includes 61.18 +/- acres under cultivation with the balance is pasture and ROW.  The overall productivity index is 72.6. The pasture is not presently fenced out from the adjoining pasture. Note: Buyer will need to make application for rural water service with Aurora-Brule Rural Water, Kimball, SD. Legal access to Tract 6 is across and along the section line trail between the SE ¼ of Section 16 and the NE ¼ of Section 21.  Real Estate Tax (2023):  $1655.50

Entire Unit:  The above described six tracts offered as a complete unit.  West ½ of Section 15, West ½ of Section 22, SE ¼ of Section 16, NW ¼ of Section 21, Township 103N-R68W of the 5th PM, Brule County, SD. 960 +/- acres of which 617.10 acres are under cultivation with the balance in pasture, low areas and ROW.  Real Estate Tax (2023): $9726.70.  The property will be sold in the manner which generates the most revenue for the seller. 

Possession: Subject to rights of current lease which expires December 31, 2025.  Purchaser will receive rent income for 2025 based on the respective legal description(s) purchased. 

Terms:  

Qualifying to Bid: All prospective purchasers that have no prior real estate purchase/business history with Peterson Land & Auction LLC or Sturgis Real Estate & Auctions, Inc., shall be required to submit a letter of credit/guarantee or proof of funds from an FDIC insured lending institution or financial services company prior to being approved to bid.  Auctioneers & Brokers, and the Seller, shall have absolute discretion and authority to approve or not approve potential bidders.  If you have any question as to your ability to bid, contact our office in advance of the auction. 

Contract & Escrow: A 15% non-refundable earnest money deposit along with a signed purchase agreement will be required the day of the auction.  The balance of the purchase price will be due in full, certified funds at closing on or before December 4th, 2024, at Titles of Dakota, Chamberlain, SD.  Deposit to be held in trust account of Titles of Dakota.

Real Estate Taxes: The Seller will pay 2023 R.E. Taxes due and payable in 2024.  Buyer will receive a credit at closing for the 2024 R.E. Taxes due and payable in 2025-based on the most current county information.  Buyer is responsible for subsequent R.E. Taxes.

Title Insurance & Closing: Title Title Insurance and closing service fee will be divided equally between Buyer and Seller.

Data:  Information on this property was obtained from the Brule County governmental offices, USDA Farm Service Agency and USDA Natural Resources Conservation Service. This information is deemed reliable but is not guaranteed by the Seller, Auctioneers and Real Estate Brokers.

Agency: Peterson Land & Auction LLC, or Sturgis Real Estate & Auctions, Inc., represent the Seller only in this transaction.

Possession: Possession is subject to the terms of the current lease which expires December 31, 2025.  Buyer will receive the 2025 lease payments.

Type of Sale: Cash. No buyer contingencies of any kind are offered, nor will any be accepted. Please have financial arrangements secured prior to bidding. The property will be sold by legal description only and in “As-is” condition-No warranty is made as to property boundaries, soil productivity, water supply or environmental hazards. Please inspect the property to the extent deemed necessary and rely on your own judgment when bidding. Do your own research both onsite and offsite. Announcements made day of auction take precedence over printed material or prior representations.

Broker participation is invited and encouraged!