| Date | October 27, 2026, 11:00 am (America/Chicago) |
|---|---|
| Tracts | 1 of 3 |
| Type | Live with online bidding |
| Tract Status | Active |
| Auction Location | Milbank Community Room, 1001 E 4th Ave, Milbank, SD 57252 |
Tract 1 of 3
Description
Tract 1: Approximately 151.85 Acres With Home and Pasture
If you have been searching for a well-equipped rural property offering an updated home, established livestock infrastructure, quality pasture, and productive soils, this approximately 151-acre tract near Stockholm in Grant County deserves a close look. Combining comfortable country living with agricultural capability, this property presents an opportunity for livestock producers, horse owners, farmers, and buyers seeking a versatile rural acreage in northeastern South Dakota.
At the center of the tract is a five-bedroom, three-bathroom home that has been thoughtfully updated in recent years. A significant main-floor renovation was completed in 2016, improving the layout and functionality of the primary living spaces while maintaining the character of a rural residence. With multiple bedrooms and bathrooms, the home provides flexibility for family living, guest accommodations, a home office, or additional recreational space.
The basement includes improvements completed by Blackburn Basement Systems and supported by a lifetime warranty. These improvements were designed to address basement structure and moisture management, providing documentation of the completed work and additional peace of mind for future owners.
Water resources include both rural water service and an artesian well. Rural water provides a dependable source of potable water for the residence and farmstead, while the artesian well offers an additional water source that may support livestock or other agricultural uses, subject to the buyer’s intended operation and management practices.
The established farmstead includes multiple agricultural outbuildings suited for livestock management, equipment storage, feed storage, and general farm use. The main barn features a recently installed roof with a 20-year transferable warranty, helping reduce near-term maintenance considerations.
Adding to the tract’s agricultural potential is a Class E Concentrated Animal Feeding Operation permit allowing up to 298 animals. This existing permit may provide valuable flexibility for livestock producers looking to establish or expand an operation. Prospective buyers should independently review the permit, its current status, and applicable compliance requirements with the appropriate agencies.
The balance of the tract includes pasture and open ground suited for livestock grazing, horses, hay production, or other agricultural uses. The property’s soils carry a 74.59 Crop Productivity Index and a 68.16 National Commodity Crop Productivity Index. These ratings add further agricultural value and demonstrate the productive potential of the land within this tract.
Beyond its residential and agricultural features, the property offers opportunities for hunting, wildlife observation, and outdoor recreation. The surrounding Grant County landscape includes a mixture of cropland, pasture, wetlands, and shelterbelts that support whitetail deer, ring-necked pheasants, waterfowl, and other wildlife common to northeastern South Dakota.
The tract is located just outside Stockholm, offering a quiet rural setting with convenient access to larger service communities. Milbank is approximately 15 miles away, Watertown is about 30 miles away, and Sioux Falls is roughly 130 miles from the property. These communities provide access to agricultural services, healthcare, shopping, employment, and major transportation corridors.
Properties combining an updated home, established livestock facilities, dependable water resources, productive soils, and substantial pasture are increasingly difficult to find. Whether your goals include raising livestock, keeping horses, operating a diversified farm, or enjoying a rural lifestyle with room to grow, Tract 1 offers an impressive combination of residential comfort and agricultural capability.
Tract #: 1
Deeded Acres: 151.85
FSA Farmland Acres: 77.07
Soil Types: Forman-Buse-Aastad loams, 1 to 6 percent slopes, Forman-Buse-Aastad loams, 2 to 9 percent slopes, Tonka silty clay loam, 0 to 1 percent slopes
Soil PI/NCCPI/CSR2: 74.59 CPI Average; 68.16 NCCPI Average; 2.58 Cap. Average
Lease Status: Open Tenancy for 2027
Possession: Immediate possession subject to the current tenant’s rights for 2026
Survey Needed?: No survey needed
Brief Legal: replat
PIDs: 14.50.22.1100; 14.50.22.4100; 14.50.22.1000; 22.90.22.01
Lat/Lon: 45.1031, -96.81215
Zip Code:57264
Terms of Sale
BUYERS PREMIUM: no buyer’s premium or internet fees
TAXES: 2026 taxes shall be paid by the seller
TENANCY: Open tenancy for 2027
RENTS: Seller shall receive the 2026 cash rents
MINERALS: Seller-owned rights will convey
CLOSING COSTS: Title search, title insurance, and closing fees shall be split 50% seller and 50% buyer. Deed preparation fees
shall be split such that sellers pay for the preparation of the seller’s deed, and the buyer pays for the preparation of
the buyer’s deed.
CLOSING DATE: On or before 30 days from seller acceptance
DOWN PAYMENT: 10%
POSSESSION DATE: Immediate possession subject to the current tenant's rights for 2026
SURVEY: No survey needed
SELLER: Stemsrud
SALE ORDER: By the acre
SALE METHOD: Sells Subject to seller acceptance
Licensing
Ranch & Farm Auctions, LLC LIC15136,
Broker Jason R Schendt SD LIC #16828
Cody Lowderman Auc Lic RE17883
Katie Graeb, Whitetail Properties Agent/Land Specialist, 605.690.8582
Brian Graeb, Whitetail Properties Agent/Land Specialist, 605.690.3026
