The combinations of Tracts 1-3. 237.24 +/- acres.
From an agricultural perspective, the entire property brings so much to the table in terms of soil quality, outstanding access, good roads and proximity to markets. Bordering the city limits and utilities & services nearby brings limitless opportunities for potential development. The upside potential for this property is extremely strong! The property will be sold in the manner that generates the most revenue for the seller.
There are no bids for the lot at this time
September 12, 2024 - 1 pm CDT
Auction Location: AmericInn Conference Center, 1981 E King, Chamberlain, SD
Live Auction with Internet Bidding Available on www.PLAbid.com
Discover this unparalleled opportunity to own 237.24 acres of prime farmland adjoining the city limits of Chamberlain, South Dakota. This property offers a unique blend of rural landscape and convenient access to city amenities, making it an ideal investment for both agricultural and development purposes.
The prime farmland is perfectly suited for a variety of agricultural activities. The property’s location provides stunning panoramic views of the South Dakota landscape, creating a serene and picturesque environment.
Chamberlain, known for its vibrant community and rich history, offers numerous attractions and amenities. From the scenic beauty of Lake Francis Case to the historic Old Highway 16 bridge, the area provides ample recreational opportunities for outdoor enthusiasts. The city boasts excellent schools, healthcare facilities, and a welcoming community, making it an attractive place to live and invest.
For developers, the land’s adjacency to the city limits opens possibilities for residential, commercial, or mixed-use development. The growing demand for housing and commercial spaces in Chamberlain presents a lucrative opportunity for future projects.
Whether you’re an agricultural investor, developer, speculator, or someone seeking a peaceful rural retreat with city conveniences, this auction offers limitless potential. Embrace the chance to own a piece of South Dakota’s heartland and benefit from its strategic location and natural beauty.
Inspect the property on your own - from the roads. Contact our office with any questions. Remember...only at auction!
CLICK HERE FOR PROPERTY LOCATION MAP!
Owners: Gail Gunderson, Craig Swanson, Kim Swanson and Barry Swanson
Qualifying to Bid: All prospective purchasers that have no prior real estate purchase/business history with Peterson Land & Auction LLC shall be required to submit a letter of credit/guarantee or proof of funds from an FDIC insured lending institution or financial services company prior to being approved to bid. Peterson Land & Auction LLC and the Seller shall have absolute discretion and authority to qualify or not qualify potential bidders. If you have any question as to your ability to bid, contact our office in advance of the auction.
Contract & Deposit: Buyer and Seller agree to execute a written purchase agreement at the conclusion of the auction. Non-refundable deposits in the amount of 15% (Fifteen Percent) of the final selling price shall be tendered by the purchaser at time of purchase agreement execution. The deposit will be held in the trust account at Brule County Abstract/Lyman County Title where it will be held until closing and applied to the respective purchaser’s purchase price.
Type of Sale: Cash. No Buyer contingencies of any kind are offered, nor will any be accepted. These include but are not limited to financing, appraisal, and inspections. Potential buyers are expected to have their financial arrangements secured prior to bidding. Buyers who are unable to close because of insufficient funds will be in default and the earnest money shall be forfeited. Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries, and due diligence concerning the property. Property will be sold subject to confirmation of the seller.
Warranty: Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or any warranty. Property sells in AS-IS condition.
Survey: Property is being sold by surveyed acres.
Closing/Possession: Closing date shall be on or before October 31, 2024 at Brule County Abstract, Chamberlain, SD. The closing fee shall be divided equally between the buyer and seller. Possession shall be granted at closing.
Title: Insurable title shall be conveyed by Warranty Deed. Owners title insurance will be provided with the cost divided equally between buyer and seller.
Taxes: 2023 Real Estate taxes due and payable in 2024 shall be paid by the seller. 2024 taxes-and subsequent years taxes-shall be paid by the buyer when due.
Agency: Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.
United States
Not applicable