Combination Farm In Mills Co, IA - 702.99 Acres


702.99 Acres / Mills County, IA

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Auction Date: 11/28/2023. Auction Time: 4:00 PM

Auction Location: Lakin Community Center, 61321 315th Street, Malvern, IA 51551

Entire Farm Description:

Ranch & Farm Auctions, a Division of Whitetail Properties Real Estate, LLC., is honored to represent the Guttau Land Company I, LLC in the sale of this iconic southwestern Iowa farm. Locally known as the Van Pelt Ranch, this property has a vast history with the Glenwood community and surrounding area.

The land offers a combination of high quality tillable, rolling pastures, hardwood timber, multiple ponds and thick habitat for the native wildlife. The farm’s main use is currently for livestock and grazing, but more acres could easily be converted to row crop to maximize the overall revenue and productivity of the farm.

Located on 221st Street and just minutes from the growing community of Glenwood and a short drive to Council Bluffs and Omaha, this property is ideally situated in the path of future residential development. The rolling timbered hills, beautiful views and short commute make it a great place that many would like to call home.

Farms of this size offer so many options for the next owner. This property would be a great addition to an existing livestock or row crop operation. It could be purchased for investment and rented to a local operator while still taking advantage of all the recreational opportunities that exist on the property.

For more information about this amazing property and to see it for yourself, call the Listing Agents to schedule a private showing. Showings are by appointment only with advanced notice.

Tract 1 Description: 50+/- acres

This 50-acre tract consists of rolling Loess Hills timber, native grass hillsides, cedar thickets and pasture. It has multiple locations for a private homesite and established access from Barrus Rd. This property is full of Iowa wildlife, and it provides access to two stocked bodies of water for fishing and recreation. If you’re an outdoors family and like to hunt and fish, or if you just enjoy being surrounded by nature and are looking for some extra space, this is the perfect property for you.


Tract #: Tract 1

Deeded acres: 50.0

FSA Farmland Acres: 48.79

Taxes: $734.00

Lease Status: Open Tenancy for 2024 crop year

Possession: Immediate possession subject to current tenant’s rights for 2024

Survey needed?: No survey needed

Brief Legal: NW1/4 NW1/4 EXC W1/2 and SW1/4 NW1/4 EXC NW 10 AC 15-73-43

PIDs: 027430000000000 and 027440000000000

Lat/Lon: 41.127185, -95.781462

Zip Code: 51534

Tract 2 Description: 39.90+/- acres

This tract consists of half mature timber and half tillable farmland. There are ideal locations to build a home or homes either in the timber or in the open farmland. This tract has .25 miles of Barrus Rd. frontage but there is not an established driveway or access road to this tract currently. This is a very diverse property with rolling Loess Hills terrain, incredible western views, income potential from the rented cropland and various recreational opportunities. There is a small cemetery located on this tract. Please contact the listing agents for more details.


Tract #: Tract 2

Deeded acres: 39.90

FSA Farmland Acres: 37.37

DCP Cropland Acres: 18.98

Soil Types: Ida silt loam & Monona silt loam

Soil PI/NCCPI/CSR2: 60.37 CSR2

Taxes: $1,018.00

Lease Status: Open Tenancy for 2024 crop year

Possession: Immediate possession subject to current tenant’s rights for 2024

Survey needed?: No survey needed

Brief Legal: NE1/4 NW1/4 EXC PCL A 15-73-43

PIDs: 027420010000000

Lat/Lon: 41.128785, -95.777798

Zip Code: 51534

Tract 3 Description: 13.96+/- acres

This 13.96-acre tract is in the southwest corner of the intersection of Barrus Rd. and 221st St. There is more than 730’ of road frontage along 221st St and more than 670’ of frontage along Barrus Rd. This tract consists of 7 acres of income producing farmland and approximately 5.75 acres of mature hardwood timber. Like tracts 1 & 2, there are multiple locations for future homesites with utilities located close by.


Tract #: Tract 3

Deeded acres: 13.96 m/l

FSA Farmland Acres: 12.75 m/l

DCP Cropland Acres: 7.09 m/l

Soil Types: Monona silt loam and Ida silt loam

Soil PI/NCCPI/CSR2: 61.88 CSR2

Taxes: $364.00

Lease Status: Open Tenancy for 2024 crop year

Possession: Immediate possession subject to current tenant’s rights for 2024

Survey needed?: No survey needed

Brief Legal: NW1/4 NE1/4 W OF C/L HWY 275 EXC SLY PT 15-73-43

PIDs: 027460010100000

Lat/Lon: 41.129613, -95.774092

Zip Code: 51534

Tract 4 Description: 298.02+/- acres

This tract is centrally located in the heart of the Van Pelt Ranch. This nearly 300-acre tract consists of approximately 89 acres of cropland with a weighted average CSR2 of 56.94, with the balance in timber and open pasture. There is an established field entrance from 221st St. in the northern half of this tract. There are multiple building sites with incredible western views from this property. This property could be a great addition to a livestock/row crop operation or be developed as a recreational property minutes from Council Bluffs and Omaha.


Tract #: Tract 4

Deeded acres: 298.02

FSA Farmland Acres: 295.03

DCP Cropland Acres: 88.76

Soil Types: Monona silt loam, Ida silt loam & Napier silt loam

Soil PI/NCCPI/CSR2: 56.94 CSR2

Taxes: $5,923.00

Lease Status: Open Tenancy for 2024 crop year

Possession: Immediate possession subject to current tenant’s rights for 2024

Survey needed?: No survey needed

Brief Legal: SE1/4 NW1/4, SW1/4 NE1/4 W OF C/L HWY 275 EXC PCL A, NW1/4 SE1/4 W OF RD, NE1/4 SW1/4, NW1/4 SW1/4, SW1/4 SW1/4, SE1/4 SW1/4 and SW1/4 SE1/4 W OF RD 15-73-43

PIDs: 027450000000000, 027470010000000, 027520000000000, 027480000000000,027490000000000, 027500000000000, 027510000000000 and 027530000000000

Lat/Lon: 41.121643, -95.777886

Zip Code: 51534

Tract 5 Description: 301.11+/- acres

This 300-acre tract lies at the southern end of the property. It consists of 68.37 bottom ground tillable acres with a weighted CSR2 of 69.53, rolling Loess Hills timber and open pasture. There is a great access point at the southern end of this tract from 221st St. that provides access to the tillable acres, pasture and a 5.9-acre pond. This large tract also has multiple home building sites and great recreational opportunities.


Tract #: Tract 5

Deeded acres: 301.11

FSA Farmland Acres: 293.10

DCP Cropland Acres: 68.37

Soil Types: Monona silt loam & Ida silt loam

Soil PI/NCCPI/CSR2: 69.53 CSR2

Taxes: $5,489.00

Lease Status: Open Tenancy for 2024 crop year

Possession: Immediate possession subject to current tenant’s rights for 2024

Survey needed?: No survey needed

Brief Legal: NW1/4 NW1/4, NE1/4 NW1/4, NW1/4 NE1/4 W OF RD, SW1/4 NE1/4 W OF HWY 275 EXC 5.50 AC, SE1/4 NW1/4, SW1/4 NW1/4, NW1/4 SW1/4 EXC 6.71 AC SE PT, NE1/4 SW1/4 N OF RD, NW1/4 SE1/4 N OF RD, SE1/4 SW1/4 N OF C/L CO RD EXC .05 AC ALONG W SIDE and SW1/4 SW1/4 N OF C/L CO RD EXC .12 AC IN E PT 22-73-43

PIDs: 028760000000000, 028680000000000, 028600000000000,028610000000000,028690000000000, 028770000000000, 028740010000000, 028700000000000, 028720000000000, 028710010000000 and 028750010000000

Lat/Lon: -95.777863, 41.111042

Zip Code: 51534

Seller's Attorney: Frank Pechacek of Willson & Pechacek, P.L.C., 712.322.6000, 421 W Broadway, Suite 200, Council Bluffs, IA 51503

  • Bidders may participate in the auction on-site or online at

  • Onsite bidders should bring a government-issued ID

  • 10% down payment immediately after auction - cash, personal, or business checks accepted

  • If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

  • High bidder has 30 days to close unless otherwise noted

  • Announcements on auction day will take precedence over any prior announcements

  • This is a no contingency sale and is not subject to financing or additional inspections

  • Possession at closing, subject to tenant’s rights, if any

  • If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

  • All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

  • Farm tenancy is open for 2024 and new owner will have full possession on 3/1/24

  • Located less than 18 miles to downtown Omaha and only 12 miles to Council Bluffs with door-to-door hard surface roads. No gravel roads!

  • Glenwood Community School District

  • Located in Sections 15 & 22 of Oak Township (15/22-73N-43W)

  • Zoning: A – Agriculture

  • Property Taxes: $12,584.00 (2021)

Auction Location:
61321 315th Street, Malvern, IA 51551
Auction Type:
Auction Date:

Auction Documents

Real Estate Auction Terms and Conditions

Terms Of Sale

Thank you for participating in this auction. Please familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!

Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read and agree to the terms and conditions. By bidding you are representing that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card or paddle number and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder. The successful bidder will be required to execute a Sales Agreement at the conclusion of the auction and submit the appropriate down payment in a timely manner as instructed by the Auctioneer.

All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. The Broker and Auction Company represent the seller only and do not inspect properties on the bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(ies). By bidding you agree to all disclosures.

Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quitclaim Bill of Sale unless otherwise noted in the Disclosures). The current year's taxes are prorated through the day of closing as is customary unless otherwise noted or announced on sale day.

Or in abstract states, the seller shall provide a continuation of the abstract of title thru the date of sale for the buyer or buyers attorney to examine.

The sale of this property may be subject to a Buyer's Premium, which will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.

Tracts sold by the acre - The contract will indicate the current acreage, bid per acre and the high bid will be the current acreage multiplied by the high bid per acre. If a survey is required prior to closing that would result in a change to acreage, the contract will be adjusted to that acreage prior to closing and the purchase price will reflect that change in acreage.

If a survey is required, it is typically done immediately following the auction. The per acre bid at auction will then be multiplied by actual surveyed acres to determine the final sales price at closing. The purchase agreement and sales day announcements will identify the party responsible for survey cost.

Each high bidder must sign a purchase agreement and make a 10% non-refundable deposit immediately following the auction to the designated Title Company or escrow agent noted on the Purchase Agreement. Cash, wire transfers, cashier's checks, personal checks and business checks (electronically processed) are accepted. For online only auctions, wire transfers are the preferred method for deposits. Wire instructions will be sent from the escrow agent or title company at the conclusion of the auction or the next day. The balance of the purchase price and all closing costs are due within 30 days unless otherwise noted or announced.

Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or reschedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding happens quickly. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

For online only sales, click the “Bid Now” button to enter your bid. Be sure to create an account and sign in early so you do not miss the opportunity to bid. You can also enter a maximum bid to allow for bids to be increased by the noted increments up to your high bid. If you cannot log in, feel free to call (217) 922-0811 to reach customer service to register and bid by phone.

Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

All auctions are subject to court or seller approval unless otherwise noted as “Absolute”. Most sales are approved within 2 business days. Buyers are not allowed possession until closing and filing of the deed, at which time the property should be re-keyed if required. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.

If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are outbid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

Ranch & Farms Auctions, LLC, Whitetail Properties Real Estate, LLC and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of any and all disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

The information contained within is believed to be accurate, but Seller and Auction Company do not warrant any information contained within the description. All lines on maps are approximate and buyers should verify the information. All stated measurements including but not limited to acreage, sq footage, map dimensions, and/or sketches are stated for marketing purpose only unless it is stated that the measurements are verified by an independent surveyor or other source. All measurements shall be assumed to be approximate or more/less and obtained from sources to be considered reliable such as: government tax records, mapping software, assessor’s office records or FSA maps. Legal descriptions may be subject to existing fence/field boundaries. No warranty is expressed or implied as to the exact acreages of property. The purchase price based on these measurements entered on the purchase agreement is final unless buyer and seller have agreed otherwise in writing prior to signing. If exact acreage or square footage is a concern, the Property should be independently measured.

All sale day announcements will take precedence over any and all prior advertising or announcements.

Broker Participation

Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details. Be advised, not all auctions offer a Buyer Broker Participation Fee.

Disclaimer:Online Bidding

Disclaimer: Online Bidding

Please review the following disclaimer regarding online bidding for our auctions:

Internet Service: Bidder acknowledges that Auction Company, auctioneer, broker, or any other party

involved cannot be held responsible for any issues related to internet service before or during the auction.

Auction Company, auctioneer, and broker do not guarantee the seamless transmission or receipt of bids

placed online in a timely fashion.

Delays and Failures: Bidders should be aware that internet bidding is prone to delays and potential

failures that are beyond the control of the auction company. Bidder acknowledges and agrees that

Auction Company, auctioneer, and broker cannot be held liable for any interruptions or disruptions during

the online bidding process.

Auction Suspension or Cancellation: The Company reserves the sole discretion to suspend, postpone, or

cancel the auction if the internet service is unstable or disrupts the online portion of the event. Such

decisions will be made in the best interest of all participants.

Auctioneer's Discretion: The auctioneer has the sole discretion to accept or refuse any bid. The Auction

Company, auctioneer, and broker may also change the sale order, regroup items, or modify the auction as

needed, without prior notice.

Timely Bidding: Online bidders are encouraged to use the max bid feature and place their bids in a timely

fashion. Waiting until the last minute to place a bid may result in the auctioneer recognizing another high

bidder because your bid may not instantaneously show up.

By participating in the online bidding process, you agree to the terms outlined in this disclaimer. You

release Auction Company, auctioneer, broker, and their employees from any claims, losses, or damages

resulting from interruptions, disruptions, or failures related to online bidding.

Please carefully review and understand the terms and conditions provided by the auction company before

participating in the online bidding process.

Auction Type

Live and Online

Subject To Seller Confirmation


Ranch & Farm Auctions is a licensed trade name of Whitetail Properties Real Estate LLC

Richard F Baugh, Iowa Broker License # B57515100

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

Garret Armstrong, Iowa Land Specialist for Whitetail Properties Real Estate, LLC, 641.757.9156

Kyle Karcher, Iowa Land Specialist for Whitetail Properties Real Estate, LLC, 712.308.2444

Cody Lowderman, IA Auctioneer, B64012000