Surplus Real Estate Online Only Auction – Minnehaha County, SD

Auction Date:

February 01, 2025 | 10:00 am

Auction Location / Nearest City:

Dell Rapids, SD, USA

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Auction Description:

Surplus Real Estate Online Only Auction – Minnehaha County, SD
Bidding Opens: January 24, 2025 – 10:00 AM
Bidding Closes: February 1, 2025 – 10:00AM

Property Description: Here is your opportunity to purchase a 1.0-acre parcel of land with a building eligibility at public online auction that has been deemed to be surplus property by the Dell Rapids School District. This auction allows the opportunity to purchase the 1.0 acre parcel of land with 1 building eligibility to build your dream home, a shop space or whatever suits your needs.

The current Cleary building on the property will NOT convey with the property and will be moved off of the property at the expense of the owner of the building prior to closing. The real estate is currently appraised at $35,000.00 including the 1 building eligibility.

We will offer the following real property at public online auction, with the auction to be held “Online Only” via our bidding platform at www.BidLandmark.com. Property directions: East of Dell Rapids on Jasper St, turn South on 484th Ave, turn East on 247th St to property located on North side of road.

Legal Description: East 132 ft South 330 ft in the East Half, Southwest Quarter of Section 16, Township 104, Range 47 to Minnehaha County. Property address is 48648 247th St. Sherman, SD. County parcel ID: 18319.

Terms:A 10% non-refundable earnest money payment and signed purchase agreement will be required on the day of sale closing (Feb. 1st) and the balance due on or before March 7, 2025 with full possession at that time. Owner of the Cleary building located upon the property to have the building removed prior to closing. Marketable title will be conveyed with an owner’s title insurance policy provided with the cost divided 50-50 between the buyer and seller, additionally a title company closing fee will be divided 50-50 between buyer and seller. Closing and title insurance to be completed at First Dakota Title in Sioux Falls, SD. Due to the property being owned by Dell Rapids School District there are no real estate taxes. Buyer understands that once sold the property and real estate taxes will become the responsibility of the new owner. No taxes will be prorated. Information contained herein is deemed to be correct, but it not guaranteed. The property is sold in “AS IS” condition and subject to any existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable Minnehaha County Zoning Ordinances. The Real Estate licensee in this transaction are acting agents for the owners. Sold subject to confirmation of the owners.

Dell Rapids School District – Owner

Auction arranged & conducted by:
Tarah Burggraff – Broker/Owner
Landmark Realty & Auction
Dell Rapids, SD
605/428-3909
www.BidLandmark.com