N/A

TERMS:  Cash, with a 15% earnest money downpayment sale day and the balance on or before Aug. 23, 2024 with possession. Marketable Title will be conveyed and an Owner’s Title Insurance Policy will be provided with the cost of the owner’s policy divided 50-50 and a closing agent’s fee (Weber Abstract) to be divided 50-50 between the buyer and seller. 

Sutton Auctioneers & Land Brokers, LLC has the right to require a wire or electronic transfer of funds if the bidder is unable to meet in person with a representative from the auction company. 

By making a bid, Bidder accepts the terms and conditions below and will be bound by them.

Announcements made the day of the sale take precedence over written or advertised announcements, but do not alter, in any way, the terms and conditions of the sale.

Bidders who wish to Bid online for the property must be registered at least 24 Hours Prior to the Auction. Bidders may contact Sutton Auctioneers & Land Brokers, LLC at 605-336-6315 or office@suttonauction.com.

*DO NOT REGISTER ONLINE IF YOU ARE ATTENDING THE LIVE ONSITE AUCTION!!

Bidders who wish to bid online must provide Sutton Auctioneers & Land Brokers, LLC with a Bank Letter of Pre-Approval prior to bidding online. Bidders will not be automatically approved and online bidders will be manually approved for the auction.

All of the 2023 RE taxes due and payable in 2024 in the amount of $1,076.76 will be paid by the Owners and based on that amount the 2024 RE taxes will be prorated to the date of closing.  The lot size of this property is as stated on the County Assessor’s records with the acres/lot size understood to be “more or less”.  Any new fencing or future maintenance of fences, if any, is the responsibility of the buyer. Presently according to Lake Co. P&Zoning – this property is zoned agricultural with 1 rural housing eligibility assigned, although if the housing eligibility is utilized it must meet the set back and other county requirements in order to be utilized (which potentially could require removing or relocating the existing structure – interested parties are encouraged to contact the Lake Co. Planning & Zoning office) and any future utilizations will require a building permit & compliance with Planning and Zoning Criteria. 

This property is sold in “AS IS” condition and the merchantability or suitability of this property for any particular purpose is not guaranteed.  The RE Licensees in this transaction stipulate that they are acting as agents for the seller.  This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable Lake County Zoning Ordinances.  Sold subject to confirmation of the owners.

Technology Disclaimer: Auctioneer does not warrant that the functions, features or content contained in the website, including any third-party software, products or other materials used in connection with the website, will be timely, secure, uninterrupted or error-free, or that defects will be corrected.

Attention – Lake Madison & Area Nearby Lake County Residents and Others Seeking a Well Located Storage/Shop Building Concrete Throughout & Existing Utilities On Site.  This is a property that will be of interest to a wide variety of buyers seeking a property to utilize for a wide variety of utilizations, especially since according to Lake County Planning and Zoning this property has an existing rural housing eligibility that currently is not in use – if utilized as a home site the new owner would need to comply with county set-back requirement, which could require removal or relocation of the existing building. 

A new owner may desire to continue utilizing the property in its current mode of operation for personal seasonal camp site and/or personal  storage & shop use which must be utilized in accordance with Lake County Zoning.  The property consists of a very well maintained 50’x100’ steel quonset storage building which has  2 sliding doors and a door opening which is approx. 23’ wide and 13’6” tall and has an excellent concrete floor throughout and is serviced with 220 & 110V electrical with electricity provided by Sioux Valley Energy Rural Electric, Water Service through Big Sioux Community Rural Water and has an interior Camper sewage dump to an existing holding tank, the bldg. also has an interior small office area with a wall mount air conditioner, as well as some work benches and built-in storage shelving. 

This property has been utilized as a seasonal camp site for their motorhome and as the SD address for the owners for many years, as they have seasonally winter in Arizona for many years. The property consists of a +/-1.67 acre lot according to Lake County Assessor’s information and the Plat of the property which indicates the lot dimensions as being 361’ north and south and 202’ east and west.  The property has an excellent location with a grassed lawn and other landscaping and is conveniently located to Lake Madison and could potentially be an excellent combination of utilizations including a sit for a new home, camping & as a storage site – all within a close proximity to Lake Madison, the Lakes Golf Course and other nearby recreational opportunities and dining.  This is a great property that can be viewed by appointment arranged with the auctioneers or the owners.

LEGAL DESC.:  Tract “A” of Arnold F. Thompson’s First Addition in the SW ¼ of the NW ¼ of Sec. 26, T. 106N., R. 52W., (Lakeview Twp.), Lake Co., SD.

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