Sioux Falls Commercial Real Estate

TBD Ferdig Street
Yankton, SD, 57078

Space Available: 152 Acres

For Sale: $1,596,000 or $10,500/acre

Recognized as one of the premier agriculture properties in the state of South Dakota, this 152 acre property lies on the outskirts of Yankton, just east of the city limits.
This extremely fertile parcel was once a part of the famous Gurney Seed Company garden seed, trees and shrubs production fields.
The economical tow irrigation systems help propel this property into the elite level, concerning annual yields of corn. The property routinely produces 200 bushels per acre yields from the flat, rich soil. The portable irrigation pivots also help keep production costs to a minimum. The nearly new pivot on the 45-acre west parcel was installed prior to the 2010 growing season.
A series of top-notch soils combine with the steady water supply to generate the excellent crop yields. Some if the soils, from the NRCS Crop Productivity Index are: Graceville Silty Clay loam (88 rating), Trent Silty Clay loam (97 rating), Wentworth Silty Clay loam (90 rating) and Wentworth-Trent Silty Clay loam (86 rating).
As an irrigation unit, the property is likely to maintain its value through the coming years. Investors can realize a three to four percent return (after taxes) through the negotiations of a land lease with the owner of the property.
As the City of Yankton continues to grow, the parcel could escalate in value with the possibility of residential development land.