Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161.

LOCATION

Marion County, Missouri

The Glenn E. & Martha L. Griesbaum farm contains approximately 94 acres± (subject to survey) to be sold in 2 tracts and is located in Marion County, MO. Tract 1 is located 2.5 miles south of Palmyra, MO and tract 2 is located 3 miles south of Palmyra, MO and are further described as being located in Section 12, T57N-R6W, South River Township, Marion County, Missouri.

Both tracts offer an excellent opportunity with tract 1 being mainly pasture ground with great potential for development. Tract 2 has approximately 46 acres of highly productive soils and also offers a great potential for commercial or residential development.

GENERAL INFORMATION

94 acres+/-,  2 tracts

Farmers and investors, be sure to check out these properties which offer something for everyone.

TRACT INFORMATION

Tract 1 – 25 acres+/- (subject to survey)

Improvements include a small pond and older grain bin
Electricity on site
Access is along the east from US 61 South

Tract 2 - 69 acres+/- (subject to survey)

FSA maps indicate 58.73 HEL cropland acres
NCCPI Overall Rating: 80.7
Improvements include a 36’ x 60’ open shed
Soil type includes Menfro
Access from the south by way of a 30’ ingress/egress & utility easement from MO State Hwy F.

METHOD & TERMS

The Glenn E. & Martha L. Griesbaum farm will be sold on a price per acre basis, based on surveyed acres. Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect either or both tract(s) for their high bid. If the high bidder does not elect both offered tracts, then the remaining tract will be offered. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, payable to Mark Twain Co., which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Wednesday, September 18, 2024.

The seller will provide title insurance in the full amount of the purchase price. The 2024 taxes will be prorated to the date of closing. Buyer will be responsible for the 2025 taxes and beyond. Possession will be given at closing, subject to the harvest of the 2024 crop, of which the new buyer will receive 1/3 of the harvested crop income for the 2024 crop year (contact auction manager for details regarding the payment for the 2024 crop). Open crop tenancy for 2025 and beyond.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.

SELLER

Glenn E. & Martha L. Griesbaum

MANAGED BY

Steve Zeiger (573) 231-9802

Please visit the auctioneers website for more photos and full Terms and Conditions.