UNION COUNTY: 377 ACRES M/L
- The Dirt Dealer
- Nov 1
- 4 min read
Updated: 3 days ago
FRIDAY, DECEMBER 5, 2025 at 10:00 AM
RESTORED DEPOT
116 W ADAMS STREET
CRESTON, IOWA
LISTING AGENTS:
LISTING # 25136
DRONE AND MORE PHOTOS
COMING SOON
DESCRIPTION: 377 acres m/l to be offered in a single tract at auction on Friday, December 5th, 2025, at 10:00 A.M. This property consists of 377 total acres m/l, of which there are 376.27 taxable acres m/l. Of this 376.27 acres m/l, there are 130.48 tillable acres m/l, 199.75 acres m/l of pasture, and 37 acres m/l of timber.This property has a total CSR2 of 63.2, with the CSR2 on the tillable land being 67.8. The Union County average CSR2 is 63.2.
DIRECTIONS: From Lorimor, go west on County Blacktop H-17 to Quail Avenue, a county rock road, then go south on Quail Avenue 1/3 mile. The subject property starts at that point on the east side of Quail Avenue and runs for approximately a mile south all the way to 130th Street. Please watch for real estate signs.
LEGAL DESCRIPTION: ( 377 Acres M/L) North Ten Acres of the South Fifteen Acres of the Southeast Quarter of the Southeast Quarter (N 10A S15A SE1/4 SE1/4); South Five Acres of the Southeast Quarter of the Southeast Quarter (S 5A SE1/4 SE1/4), all in Section Eleven (11); Northwest Quarter of the Southwest Quarter of the Northwest Quarter (NW1/4 SW1/4 NW1/4), lying south of the river; North One-Half of the Southwest Quarter of the Northwest Quarter (N1/2 SW1/4 NW1/4), lying north and east of the river; Northwest Quarter of the Northwest Quarter ( NW1/4 NW1/4), lying east of the river, Except Parcel A-Survey Book 5, Page 82 ; Northwest Quarter of the Northwest Quarter (NW1/4 NW1/4), lying west of the river, all in Section Thirteen (13); Southeast Quarter of the Southwest Quarter (SE1/4 SW1/4); Southwest Quarter of the Southeast Quarter (SW1/4 SE1/4); Northwest Quarter of the Southeast Quarter (NW1/4 SE1/4); Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4); Southeast Quarter of the Northwest Quarter (SE1/4 NW1/4), Except Parcel A & Parcel B-Survey Book 5, Pages 220 & 221; Southwest Quarter of the Northeast Quarter (SW1/4 NE1/4), Except Parcel B-Survey Book 5, Pages 220 & 221; Southeast Quarter of the Northeast Quarter (SE1/4 NE1/4); Southeast Quarter of the Northeast Quarter of the Northeast Quarter (SE1/4 NE1/4 NE1/4); Northeast Quarter of the Northeast Quarter (NE1/4 NE1/4), Except the SE1/4, all in Section Fourteen (14), Township Seventy-three (73) North, Range Twenty-nine (29), West of the 5th P.M, Union County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 130.48 acres
Corn Base: 140 acres PLC Yield: 80 bu. (Est)
Bean Base: 44 acres PLC Yield: 6 bu. (Est)
This farm is classified as Highly Erodible Land. Tract does not have a Wetlands Determination at this time.
FARM LEASE: Sellers are to retain all of the 2025 cash rent or crop income for 2025. The lease for 2026 has been terminated.
IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.
PROPERTY TAXES: $5,980/year. Property taxes will be prorated to date of closing.
TERMS AND CONDITIONS
SALE METHOD: This tract will be offered as an individual tract of 377 acres m/l.
MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.
EARNEST PAYMENT: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the named attorney’s trust account.
POSSESSION: Possession will be granted at closing, on or about January 15, 2026, subject to the current cash rent lease and current tenant’s rights for the 2025 crop year.
CONTRACT AND TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs on advertised tract only.
CLOSING: Closing will occur on or about January 15, 2026. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.
SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs on advertised tract only.
BIDDER REGISTRATION: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction.
ONLINE BIDDING: Please visit our website to register for online bidding. Mid Iowa Real Estate, Auctions, & Appraisals cannot be held liable for any technical difficulties relating to the server, software, internet, or other online auction-related technologies. Bidders shall have no claims against the auction company or Sellers if their bids are not accepted.
ATTORNEY: Collin Davison
SELLERS: Fain Farms, Inc
This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As Is—Where Is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All potential buyers are urged to perform their due diligence on the subject property prior to the auction. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids.
Mid Iowa Real Estate, Auctions, & Appraisals and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous 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.
