10 Yr Guaranteed Govt CRP Pmts $27,758 1st yr - 110 Acres
Property is easily accessible, located on blacktopped county road. Rich in cover, tall with grasses, dotted with small ponds, ideal for the avid hunter, only an 18 mile drive from Sioux Falls, SD. Timber located off site adjoining the south border of the 110 acres. Pheasants cackle in the background as you overlook the landscape as you start the day.
110 +/- acres. The Game Fish & Park Walk-in Area lease expires June 29, 2020 and pays $880 for a year, ($8.00/acre/Year), but can be extended for an additional 10 years which is paid upfront for the 10 yr lease period ($8800.). There are 3 contracts for CRP. One of 69 acres expires Sept 30, 2030 and pays $146.08/acre ($10,080). The second one expires 9-30-2029, 21.2 acres and pays $249.08/acre ($5280). The third one expires 9-30-2029, 17.9 acres and pays $201/acre ($3598). Total $27,758/year 1. The GFP lease basically allows for walk-in area hunting to anyone. If you don't want the Walk-in area Deal because you want the hunting for yourself, delete $8800 and your net is $18,958, Less RE taxes.
NW 1/2 NW1/4 *except N433.44' of W 1005' & N 1/2s1/2 NW1/4 of Section 25-98-51 Grant Township Lincoln County, South Dakota
Easily accessible AND This property has 1 building eligibility available according to Lincoln County Planning and Zoning. The building eligibility may not be useable until the crp contract has concluded, unless there is a carve out of one (1) acre on an accessible site within the property.
Rich in cover
Only an 18 mile drive from Sioux Falls
CRP Income: $18,958
Other Lease Income: $8,800
TOTAL ESTIMATED INCOME: $27,758
Taxes: $2,596/year (2019)
Listing ID#: 1205040