Location, Location,
Location!!
+144 Acres of Extremely Well Located High Profile and High
Percentage Tillable Mitchell Twp., Davison County, SD Land which is
Splendidly Well Located & Commercially Zoned that
is gBordered on
the East by Hwy. #37 and on the North by National Guard Road &
the Mitchell
Regional Airport -That Currently is Being Utilized as Agricultural Farmland
With Some Development Potential in Tempo with the
Northerly Growth of Mitchell, SD,
and also Offering as
a Single Parcel - 2 Platted Residential Lots Lying Adjacent to
N. Harmon Drive Near
Scenic Lake Mitchell
We will offer the following
real property at public auction, with the auction to be conducted on site at
the land located from Vern Eide Ford on the north edge
of Mitchell, SD (Jct. of W. 23rd Ave. & N. Main/Hwy. #37) -
Approx. 1 ½ miles north on SD Hwy. #37 - This property lies directly north and
adjacent to the Starlite Drive-in Theatre.
FRIDAY FEBRUARY 3,
2012 SALE TIME: 10:00 AM
ATTENTION –
If you have vision and an
entrepreneurial spirit, then this is a property which deserves your utmost
attention, as this property has parcels with significant present agricultural
value and existing commercial development zoning, and also has two zoned residential
lots that will be offered as one single parcel that are situated on North
Harmon Drive at Lake Mitchell. This Property Will be
Offered as... PARCEL #1 – +5.55 Acre Platted Parcel Situated between the
Starlite Drive-Inn & the Kongo
Klub; PARCEL #2 – +138.45 Acre Parcel of Bare
Farmland Lying West and North of Parcel #1 and the Kongo Klub bordered on the east
by Hwy. #37 and on the north by Nat’l. Guard Rd. and as PARCELS #1 & #2
Combined - +144 Acres - The entire NE ¼, less exceptions; PARCEL #3 – 2
Platted Residential Lots Which Combined Consist of Approx. 1 Acre –
Situated at what would appear to be #101 & #103 on N. Harmon Drive (To be
Sold As One (1) Parcel and by the Lump Sum Dollar Amount).
PARCEL #1: +5.55 Acres – Legal Desc.: Lot One
(1) and Lot “A” and Lots 2, 3, 4, 5 and
the S. 75’ of Lot 6 of Beauregard’s Addition; together with the South 375’ of
the West 50’ of Lot “B” of Beauregard’s Add’n, a portion of the NE ¼ of Sec. 4,
T. 103N., R. 60W., Davison Co., SD - Parcel #1 has approx. 657’ of frontage
lying adjacent to SD Hwy. #37 with varying depths with a southernmost lot
running approx. 500’ deep and 5 others being approx. 268’ in depth. These are high visibility lots with a level
topography and lie between the Starlite Drive Inn and
the Kongo Klub on Hwy. #37.
PARCEL #2 - +138.45 Acres – Legal Desc.: The N. 150’ of
Lot B of Beauregard’s Add’n. of the NE ¼ (+.92 Ac. N. of the Kongo Klub) and that portion of
the NE ¼ of Sec. 4, T. 103N., R. 60W., Davison Co., SD, lying North & East
of Northshore Add’n. and
expressly excepting Lots B-1; H-1; H-2; and also excepting that portion of
Beauregard’s Add’n. included in Parcel #1 – This
property has approx. 1,530’ of frontage along Hwy. #37 and approx. 2,300’ of
frontage along National Guard Road (250th St.).
Parcels #1 & #2 Combined consist of a High Profile
+/- 144 Acre Parcel of Land which lies adjacent to a frontage road that lies
next to SD Hwy. #37. This Property presently lies outside of the Mitchell
City Limits, although this land lies within the jurisdictional zoning of the
City of Mitchell and currently is zoned Transportation Warehousing Commercial. According to the 2010 SD DOT Traffic Count the number of vehicles
per day (vpd) past this property on Hwy. #37 between
Nat’l. Guard Road & Mitchell SD was approx. 3,330 vpd. The productive
cropland and the significant agricultural value of this land, along with the
superb location of this property with Hwy. #37 running along the east side of
the land and Nat’l. Guard road bordering the north edge of the property and the
closeness of this property near the Mitchell Regional Airport, other developed
commercial development and the upscale housing that borders the west side of
the property in a developed area that lies adjacent to Lake Mitchell makes this
an especially unique property. According
to the owners there is an existing 8” waterline that runs predominately
southeasterly through the W½ NE¼ and other apparent site improvements include
some existing curb & gutter with some driveway curb cuts along the frontage
road on the east side of the property.
Currently these parcels of land are being utilized as agricultural
cropland which according to FSA information has approx. 138.8 acres of cropland
with an 75.4 acre corn base with a 49 bu. direct and 100 bu. CC yield, a 26.1
acre soybean base with a 20 bu. direct and 24 bu. CC yield and a 25.5 acre
wheat base with a 23 bu. direct and 29 bu. CC yield. According to info. obtained from Surety Agri-Data,
Inc. this land is indicated to have a weighted productivity index of 59.9. The general topography of this land is level
to very gently rolling.
PARCEL #3: 2
Bare Residential Lots Located at what appears to be #101 & #103 on N.
Harmon Drive, Mitchell, SD – Legal Desc.: Lots 7 & 8 in Lake Shore Add’n. to the
City of Mitchell in the SW ¼ NE ¼ of Sec. 4, T. 103N., R. 60W., Davison Co., SD
- These 2 lots will offered as a combination and includes 2 triangular shaped
lots with the north Lot (Lot 7) being approx. .49 acre and the south lot (Lot
8) being approx. .48 acre. These are choice level lots that are situated
in an area amongst some beautiful upscale housing near scenic Lake Mitchell.
If you are in the market for a unique parcel or
parcels of Davison Co., SD Land with commercial and residential development
potential in conformance with local zoning ordinances, and/or agricultural
utilization – as is the present use of this land, while affording a superb
location within 1 mile of Mitchell, SD and/or two attractive residential lots
situated within eyeshot of Lake Mitchell, then get your financing in order and
come prepared to bid on these attractive parcels of land.
TERMS: Cash - A 15% non-refundable downpayment on the day of the sale and the balance
on or before March 15, 2012 with possession.
A Warranty Deed(s) will be conveyed and Owner’s Title Insurance provided
with the cost of the owner’s policy and the closing agent’s fees to be divided
50-50 between the buyer and seller. All
of the 2011 RE taxes payable in 2012 will be paid by the seller, with the
buyer(s) to be responsible for all the 2012 RE taxes payable in 2013. The acres in Parcels #1 & #2 are based on the acres as determined
by a recent survey of the property and
Parcel #3 is sold based on the information stated on the recorded plat of the lots. The
sellers do not warrant or guarantee that existing fences on Parcel #1 lie on
the true & correct boundary, any new fencing or future maintenance of
fences is the responsibility of the buyer in accordance with SD law. Parcels #1
& #2 are being sold as
agricultural land, although it is subject to present Mitchell City Zoning which
currently identifies this property as TWC (Transportation Warehousing
Commercial) and Parcel #3 is zoned residential. All future development costs or
assessments will be the responsibility of the buyer. This property is sold
subject to existing easements, restrictions, reservations or highways of
record, if any, as well as any or all Mitchell City and/or Davison County
Zoning Ordinances. Daniel Lemme, Doug Harr & Gary Harr, who have ownership interests in this property are SD Real Estate licensees. 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. Sold subject to confirmation of the Owners.
Broker Participation Welcome and a 1% commission may be earned by a licensed RE Broker that properly registers & meets the other criteria for qualification. For information concerning Broker Participation or Concerning the Property, Contact Chuck Sutton – Auctioneer & Land Broker, LLC, either via e-mail at suttonauction@qwestoffice.net or ph. 605-336-6315.
JOHN H. HARR
REVOCABLE TRUST
& HARR-LEMME
Holdings, LLC, Owners
ph. 605-371-0332
CHUCK SUTTON - Auctioneer & Land Broker
- Sioux Falls, SD - ph. 605-336-6315 &
Flandreau, SD - ph. 605-997-3777
TERRY HAIAR – RE Auctioneer & Broker Associate – Alexandria, SD - ph. 605-239-4626