31255 Flueger Road , Red Wing, MN 55066(Goodhue County)

The home site of the Halverson Farm has been in the family since 1947 and hasnt been publicly available for 78 years. Over the years, the Halverson Farm has added and subtracted acres and now consists of 356 m/l acres. The current operation features approximately 191 m/l tillable acres with an average CPI rating of 84.1 with the main soil type being Kennebec silt loam. The remaining land comprises over 160 acres of timberland, pasture, a four-bedroom, 3-bath house, a partially insulated shed, and a shaky barn at rest. There are 3 fully operational 10,000 bushel grain storage bins on the site along with a small wet bin included with the building site. There is a grain dryer that is not functional and sold with the property "As-Is Where-Is". Farmland in this area of Minnesota is rarely available and often handed down through generations, making this auction a unique opportunity to own high-quality farmland in a robust farming community. Whether you want to expand your farming or business operations or diversify your investment portfolio, these tracts offer great potential.

Additionally, the farm offers excellent recreational opportunities for outdoor enthusiasts to hunt Minnesota whitetail and additional small game. With the mix of dense timber cover and cropland the land provides everything you need to attract and sustain a healthy deer population. The varied topography featuring rolling hills, valleys, and ridges offers numerous vantage points and natural funnels ideal for setting up bow and gun hunting stands. Access points allow you to enter and exit your hunting spots without disturbing the wildlife. The property also presents ample opportunities to establish food plots and strategically place tower blinds, ensuring you have the perfect setup for a thrilling and successful hunt every season. Whether you prefer the quiet challenge of bow hunting or the excitement of rifle hunting, this land offers endless possibilities for unforgettable hunting experiences.

Open Houses of the building site are to be held on February 1st and February 15th, 2025 from 1:00 PM to 4:00 PM. Property will not be shown by appointment.

There is a current lease on the tillable acres on all tracts and grain bins through the 2026 crop season. Lease to be assigned to the buyers of each tract at Closing. Copy of lease available upon request.

Buyers of each prospective tract will receive all 2025/2026 land lease and/or grain bin rent payments and pay all 2025/2026 Real Estate taxes due and payable.

Easements: Access to Tract 1 and Tract 2 will be via an easement off of the driveway to Tract 5 from Flueger Road, then passing through Tracts 3, 2, and 1. Tract 3 tillable fields on either side of the driveway of Tract 5, can be accessed via an easement off of the driveway to both sides. See easement map provided. Easements will be described with easement agreements prior to closing.

This auction is being co-listed with 1 Stop Realty, Inc. Please contact Kirk Swenson at 507-254-5468.

Auction Details & Terms

Auction Location Map

Doris Halverson Trust and Scott & Mary Ellen Halverson

356 m/l Acres

Offered in Five Tracts

Wednesday, February 26th, 2025 at 1:00 PM CST

Seller: Doris Halverson Trust and Scott and Mary Ellen Halverson

Mississippi National Golf Links

Mississippi National Banquet Room

409 Golf Links Drive

Red Wing, MN 55066

Tract 1: 39 m/l Acres (TBD by SURVEY)

Tract 2: 38 m/l Acres (TBD by SURVEY)

Tract 3: 180 m/l Acres (TBD by SURVEY)

Tract 4: 91 m/l Acres (TBD by SURVEY)

Tract 5: 6 m/l Acres (TBD by SURVEY)

Online Bidding: Register to bid on our website. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company and 1 Stop Realty nor its affiliates, members, officers, shareholders, agents, or contractors are, not in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Auction Method: Tracts 1, 2, 3, and 4 will be offered individually on a price-per-acre basis using the "Buyer's Choice Auction" method. Tract 5 will be offered on a "Whole Dollar Basis" after Tracts 1, 2, 3, & 4 are sold. Tracts will not be offered in their entirety after the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available. This sale is subject to confirmation and acceptance of the final bid by the Seller.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction. Peoples Company, 1 Stop Realty, and their representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Agency: Peoples Company, 1 Stop Realty, and its representatives are agents of the Seller. Winning Bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Goodhue County Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller, Peoples Company, and 1 Stop Realty; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Goodhue County FSA and NRCS offices.

Earnest Money Payment: Tracts 1, 2, 3, and 4 will require a 10% earnest money payment on the day of the auction. Tract 5 will require a $10,000 earnest money payment. The earnest money payment may be paid in the form of check or wire transfer. All funds will be held in the 1 Stop Realty Trust Account.

Closing: Closing will occur on or before Thursday, April 14th, 2025. The balance of the purchase price will be payable at closing in the form of guaranteed check or wire transfer.

Possession: Possession of the land will be given at closing subject to lease contract and tenants rights.

Farm Lease: There is a current lease on the tillable acres on all tracts and grain bins through the 2026 crop season to be assigned to the buyers of each tract at closing. A copy of this lease is available upon request. Buyers of each prospective tract will receive all 2025/2026 land lease and/or grain bin rent payments.

Real Estate Taxes: All real estate taxes due and payable in 2025 and future years shall be paid by the Buyer.

CRP Contract and Payments: Tract 3 is subject to a Conservation Reserve Program contract ("CRP contract"). Seller and any other participants listed in the contract, will assign the CRP contract to the Buyer as of the Closing Date, and Buyer shall assume all obligations of the CRP contract. All payments for the current CRP contract year and future years shall be paid to Buyer upon completion of assignment.

Mineral Rights: A mineral title opinion will not be obtained on this property and there will be no guarantee as to the ownership of the mineral interests on all tracts. Seller will convey 100% of whatever mineral rights are owned by the Sellers without warranty.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate Purchase Agreement and deposit the required earnest money payment into the 1 Stop Realty Trust Account. The Seller will provide an updated Certificate of Title at their expense. The sale is not contingent upon Buyer financing.

Financing: The purchasers obligation to purchase the Property is unconditional and is not contingent upon the Purchaser obtaining financing. Any financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes a representation and warrants that the bidder has the present ability to pay the bid price and fulfill the terms and conditions provided in the Contract.

Septic System: Septic system servicing the dwelling on Tract 5 is in "As-Is Where-Is" condition, No updates, or improvements will be made by the Seller.

Tract 5 Disclosure: Water for the dwelling is provided by a Seller owned well and will be included with the sale of Tract 5. All appliances are included in the sale. The tract is being offered in "As-Is Where-Is" condition.

Open Houses: There will be two open houses held to view the dwelling and outbuildings on Tract 5. The open houses will be held on February 1st & February 15th, 2025 from 1:00 to 4:00 P.M. Potential Buyer's and/or Buyer's Agents are not permitted to enter the dwellings or outbuildings without prior approval and accompaniment of the Listing Agent(s).

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Seller. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

Surveys: A survey will be provided for each Tract. No additional surveying or staking will be provided by the Seller.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record as well as those stated to be completed as part of this transaction. All property will be sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, 1 Stop Realty, or the Seller. All bids will be on a "Price Per Acre" amount. Bids on Tract 5 will be as a "Whole Dollar" amount. Peoples Company, 1 Stop Realty, and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller, Peoples Company, and 1 Stop Realty. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her investigation of the property before bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from the Survey.