4.4+ Acres with Over 17,000 sq feet of Buildings in Vermillion, SD

Live & Online Auction

Categories:     Commercial PropertyReal Estate

Auction Date:

April 17, 2024 | 10:00 am

Auction Location / Nearest City:

1410 East Cherry Street, Vermillion, SD.

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Auction Description:

4.4+ Acres with Over 17,000 sq feet of Buildings in Vermillion, SD

Offered in 2 Tracts & as an Entire Unit
ABSOLUTE AUCTION

Wednesday April 17th, 10:00 a.m.

Location:  1410 East Cherry Street, Vermillion, SD. 

Located on the Northeast side of Vermillion, between the Hwy 50 bypass & Cherry Street!  Auction Takes Place On-Site! 

Clay-Union has built a new facility outside of Vermillion and will be offering their former facility through this ABSOLUTE AUCTION.  It will be offered as 2 separate tracts and also as an entire property.  Rare opportunity to buy over 4 acres inside the city limits of Vermillion!

Tract 1:  2.43 Acre corner lot with Office, Shop & Storage buildings.

Tract 1 Legal:  Lot A SE 1/4 SW 1/4 NE 1/4 18-92-51, City of Vermillion, Clay County, SD.  2023 Taxes are $12,147.82. 

Tract 1 is a 2.43-acre corner lot with a 13,672 square foot building along with another 1,800 Square foot block building with 4-overhead doors. There is 4,451sq ft of office space with the balance into shop, warehouse and storage.  Buildings are concrete block and steel frame with 100% electric heat & air conditioning.  There is a Deutz Diesel powered backup generator included.  Lots of office space, conference room, his/her bathrooms, reception area, vault & more.  This is property is zoned as General Business District. This property has nearly 200 ft of frontage on Cherry Street on the East Side of Vermillion, SD.

Tract 2:  2.02 Acre lot with 1,800sq ft Shop Building.  This property is completely fenced and nearly all gravel with 250 ft of frontage on N. Norbeck St.

Tract 2 Legal:  Lot F & G in NE 1/4 SW 1/4 NE 1/4 18-92-51, City of Vermillion, Clay County, SD.  2023 Taxes are $2,769.34.

Tract 2 is a large, fenced and secured yard with a 1,680 sq ft Cleary, non-insulated shop building with 3 overhead doors.  Lots of room to expand & grow; nearly 250 ft of frontage on N. Norbeck Street.  This property is zoned General Industrial. 

Auction Method:  This will be a live auction! Tracts will be offered separately and also as an entire unit; selling in whichever matter yields the seller the best return.  Auction will be held indoors, at the property and online bidding will be available for pre-approved bidders.  This is an ABSOLUTE AUCTION which means it will sell to the high bidder on auction day regardless of the price!

Note:  This is truly a rare opportunity to purchase a property of this type in Southeast South Dakota!  Large Facility, lots of room for expansion & growth, great frontage, easy access to Highway 50 & more!  All in a growing and expanding community!  Once in a lifetime opportunity to expand your business, start your business, or move your business to Vermillion!

Terms:  10% Non-refundable downpayment due the day of auction with the balance due on closing.  Closing costs & title insurance will be used with a 50/50 cost split between the buyers & seller.  Clay County Title Co., Closing Agent.  Taxes will be prorated to the day of closing.  Auctioneers are acting as agents for the seller.  This property is being sold as-is, where-is with no guarantees or warrantees. 

Inspection:  To view the property, please contact Girard Auction or Chris Larson, General Manager at Clay-Union Electric (605) 480-3497

Clay-Union Electric Co-op, Owner

Auction Professionally Managed & Conducted by:

Girard Auction & Land Brokers, Inc.
(605) 267-2421
Toll Free:  1-866-531-6186
www.GirardAuction.comwww.GirardBid.com

Ken Girard, CAI, AARE, Broker – Mike Girard, CAI, Broker Asso. – Scott Moore, Auctioneer

Girard Auction & Land Brokers, Inc.

(605) 267-2421

Toll Free:  1-866-531-6186

www.GirardAuction.com   www.GirardBid.com

4.4+ Acres with Over 17,000 sq feet of Buildings in Vermillion, SD

1410 East Cherry Street, Vermillion, SD.
Vermillion, SD

Auction Location / Nearest City:

1410 East Cherry Street, Vermillion, SD.

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