Sealed Bid Auction | 55 +/- Acres | Dallas County Iowa

55 M/L Acres | Executive Building Site, Recreation & Development Potential in Dallas County, Iowa Sealed Bid Auction Concluding August 13, 2026 at 2 PM KILOTERRA is honored to present this exceptional 55 m/l acre property located in one of the most desirable areas of Central Iowa just North of Adel and West of Dallas Center. Situated directly along Highway 169 just 1.5 miles north of Highway 44, this property offers the rare combination of rural character, outstanding accessibility, and long-term development potential. This 55 m/l acre property consists of approximately 29.5 acres of open pasture and 25.5 acres of mature timber. For the outdoors enthusiast, this farm holds a good population of deer, turkey, and other wildlife, and with several drainages to choose from, a potential future pond project would even further enrich the recreational utility on this gorgeous place. The rolling topography and wooded draws together with the paved frontage and easy access to the metro provide a unique opportunity to create a property thoughtfully designed for an executive building location that blends privacy, recreation, and scenic views. Located outside city limits, with no covenants, this property offers the opportunity to hunt right out the back door, ride ATV’s, and truly enjoy the outdoors. For developers, as demand remains strong for larger acreage homesites outside of the Des Moines metro, this property is well-positioned to capitalize on the market’s desire for country living with convenient access to employment centers, schools, and amenities. Living here would mean the enjoying nature’s beauty inside Dallas County, remaining just a short commute to Grimes, Dallas Center, and the greater Des Moines area in the highly regarded Dallas Center Grimes Community school district. Infrastructure advantages include fiber optic service located along Highway 169, access to Xenia Rural Water along Highway 169, and power infrastructure located adjacent to the property along the highway corridor. These existing utility resources may help streamline future development planning and feasibility. Whether your vision includes a weekend getaway, a future home site, development of a premier rural subdivision, or a long-term land investment in a desirable area, this property provides a compelling opportunity to bid your price. This is a sealed bid auction. All bids must be submitted to the listing agent, prior to the deadline: August 13, 2026 at 2PM CT. For bid procedures and property information contact KILOTERRA Land Specialist and Listing Agent Shane Spyksma at: (515) 468 – 6838. Property Features: * 55 m/l acres in a highly desirable Dallas County location * Just north of Adel and west of Dallas Center * Direct frontage along Highway 169 * Approximately 1.5 miles north of Highway 44 * Short commute to Adel, Dallas Center, Grimes, Waukee, and the Des Moines metro * Located in the Dallas Center-Grimes Community School District * Approximately 29.5 acres of open pasture, leased for 2026 through 12/31/26 * Farm lease terminated for 2027. Full possession at closing, subject to tenants’ rights * Approximately 25.5 acres of mature timber * Rolling topography with wooded draws and scenic views * Strong recreational appeal with deer, turkey, and other wildlife * Multiple natural drainages with potential for a future pond * Excellent executive building site potential * Potential opportunity for acreage development or rural subdivision planning * Located outside city limits * No covenants * Fiber optic service located along Highway 169 * 2 1/2” Xenia Rural Water line located between 110 and 465 feet West of the East property line, along * Highway 169. (see property resource maps) * Power infrastructure located adjacent to the property along Hwy 169 * Includes Parcels Numbers: 0730200004 and 0729100006 – note, approximately 1.67 acres on the East side of Hwy 169 will be surveyed off prior to closing and final purchase price will be bid price per acre X the balance of the gross surveyed acres on the West side of US Hwy 169 * Sealed bid auction concluding August 13, 2026 at 2 PM CT * Bids to be submitted to Listing Agent Shane Spyksma prior to the deadline to be considered SEALED BID TERMS & CONDITIONS Seller’s Attorney: McGill Gotsdiner Workman Lepp Agency Disclosure: KILOTERRA and its agents are exclusive representatives of the seller. Successful bidder(s) acknowledge they are representing themselves in the transaction and are responsible to complete the transaction if identified as the winning bidder. Sealed Bid Submittal Process & Deadline: Sealed Bids, in written or electronic format, for the Property will be due no later than 2:00 P.M. CST, on August 13th, 2026, to be considered. Bids shall be sent to Shane Spyksma through email or physical copies of the bid forms can be mailed to: KILOTERRA Attn: Dallas 55 Sealed Bid Offer 22287 Old Highway 6 Adel, IA 50003 Sealed Bids for the Property shall be submitted on the Sealed Bid Submittal Form that can be obtained by contacting Listing Agent Shane Spyksma by phone at (515) 468.6838 or by email at. Approval of Bids: Any and all bids are subject to the Seller’s approval or rejection. Agency Acknowledgement & Purchase Agreement: Immediately upon conclusion of the Auction, KILOTERRA will identify the Winning Bidder with the seller(s). Upon notification, the winning bidder shall complete an Agency Disclosure and Acknowledgement which indicates KILOTERRA is representing the Seller’s and Winning Bidder is representing themselves. Additionally, the winning bidder shall complete a Farm Offer to Purchase Agreement including the terms and conditions associated with this purchase. Any terms and conditions in the Purchase Agreement will take precedence over the information in this outline. The Agency Disclosure and Acknowledgement as well as the Farm Offer to Purchase Agreement shall be completed within three (3) business days of the conclusion of the Auction. Earnest Money Deposit: A non-refundable deposit in the amount of 10% of the gross sale price is required with the signing of the Farm Offer to Purchase Agreement. Earnest money must be made in form of cash or check, payable to KILOTERRA Trust and will be held by KILOTERRA’s Trust Account until the day of closing. The Earnest Deposit will be applied toward the final purchase price. Farm Lease and Possession: The pasture was leased for 2026, with 55 acres leased at $65 per acre for a total rent of $3,575 in 2026. The Seller (EWJ, LLC) will prorate the cash rent to the date of closing, based on the lease concluding on 12/31/26. The lease has been formally terminated as of 6/15/26, and the lease is open for 2027. The winning bidder(s) will have immediate possession, upon closing of the property, subject to tenant’s rights. Closing: Closing will occur on or before September 15th, 2026, as agreed by the buyer and seller. The balance of the purchase price is due at closing, in the form of cash, certified check or electronic wire transfer. Closing will be performed by Seller’s Attorney. Contract and Title: Winning Bidder(s) will enter a Real Estate Sales Contract with the seller, which detail the terms of the sale as outlined herein. Winning Bidder(s) will also deposit with KILOTERRA the Earnest Money deposit. This sale is not contingent upon Buyer Financing Approval and will be considered a Cash Transaction. The seller will provide a current abstract at their expense. This 55 m/l acre tract of land is located North of Highway 44, on the West side of US 169. As of 6/15/26, the Dallas County Assessor shows these 55 m/l acres as 2 parcels: 0730200004 & 0729100006, with a total gross acreage of 56.67 acres, including a non-contiguous 1.67 m/l acre tract of land on the East side of US 169. This 1.67 m/l acre is NOT included in this sale. From the assessor’s office, we believe the total acreage being sold on the West side of US 169 to be approximately 55 m/l acres. Prior to closing, the seller will provide an updated Survey and abstract to separate the 1.67 m/l acres on the East side of US 169 from this 55 m/l acre tract of land on the West side of US 169. A full legal description will come from the abstract, and final gross sales prices will be calculated based on the bid price X the final surveyed gross acres. Improvements: Improvements, such as but not limited to fences, buildings, terraces, tiling, etc. are in “as-is condition” and will not be further improved, updated, or replaced by the sellers prior to closing. Note that fence lines may not be directly on the legal boundary and any desire to relocate, replace, or improve fencing or buildings shall be the responsibility of the Buyer. Disclosures: This sale is subject to all easements and servient estates appurtenant thereto and subject to any zoning restrictions, restrictive covenants, easements, leases, mineral reservations, and restrictions of record, if any exist. All property is sold on an “As is – Where is” basis with no warranties expressed or implied by the Auctioneer, KILOTERRA, KILOTERRA’s agents, or the Seller. Disclaimers: Please note that no development approvals have been sought to date for this property, and the property is not being sold contingent on any development approvals being obtained. Statements about development or building potential are relating to “potential” opportunities, and not guaranteed by KILOTERRA, KILOTERRA agents, or the Seller. The information provided here comes from publicly available sources, and all potential bidders shall due their own due diligence prior to bidding. Farm Program Information is provided by the United States Department of Agriculture (USDA) offices. All field boundaries are taken from these and other sources believed by the seller and KILOTERRA to be accurate. Values included in statements and or published marketing including but not limited to the conservation plan, gross acres, total