1950 E KING ST - CHAMBERLAIN, SD
Legal Description: A part of Lot X & Tract N in SW 1/4 of Section 26-104-71 Chamberlain, MICRO # 86-29
Real Estate Taxes: $4348.72 (2024)
STARTING BID MEETS RESERVE!
Premium Commercial Real Estate Online Auction
July 16, 2026 - 6pm Auction Closing
Property Location: 1950 E King St, Chamberlain, SD
LOCATION. LOCATION. LOCATION! It doesnt get much better than this terrific commercial property located at the corner of King Street and Old Highway 16, just north of the Interstate 90 Exit 265 at Chamberlain, SD! The 4500 square foot Stran Steel building was previously operated as a veterinary clinic, since being built in 1985. A copy of the current floorplan is available by clicking the Current Floor Plan button. The property is connected to City of Chamberlain water & sewer, 3-phase power from Central Electric and fiber-optic internet/phone service provided by Midstate Communications. The property has a private access along Old Highway 16 on the south and a shared access along East King Street on the west. The property will be shown by appointment.
CLICK HERE FOR PROPERTY VIDEO!
This is an online-only real estate auction with no on-site bidding available.
Terms & Conditions:
All potential bidders will need to be approved by the Auction Company prior to bidding using the following requirements/terms.
All prospective purchasers that have no prior purchase/business history with either 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.
1. Each party must register with their full legal name, current mailing address, telephone number and email address.
2. Buyer and Seller agree to execute a written purchase agreement within 24 hours of auction closing.
3. Buyer shall deposit 10% (Ten Percent) non-refundable earnest money at time of purchase agreement execution.
4. No Buyer contingencies of any kind are offered, nor will any be accepted. These include but are not limited to appraisal, financing, building inspection & the sale and closing of other property. 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 will be forfeited.
5. Property Inspection: Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries and due diligence concerning the property. Each potential bidder shall be liable for any property damage caused by any such inspections or investigations. Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or or any warranty of habitability. Property sells in AS-IS condition.
6. Closing & possession date shall be on or before August 21, 2025 at Brule County Abstract, Chamberlain, SD. The closing fee shall be divided equally between the buyer and seller.
7. Merchantable title shall be conveyed by Warranty Deed. Owners title insurance will be provided with the cost divided equally between buyer and seller.
8. Property is being sold by legal description only. Seller is not aware of any boundary issues.
9. 2024 Real Estate taxes due and payable in 2025 will be paid by the Seller. 2025 Real Estate taxes due and payable in 2026 shall be pro-rated to the date of closing based on the most current county information.
10. Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.
11. No Buyer Premium on this auction.
12. The laws of the State of South Dakota governs this agreement. Any dispute arising from the terms of this auction shall be brought in a court of Brule County, South Dakota.
Chamberlain, 57325
United States