City of Colman – Rural Building Site near Colman, SD
June 2, 2022 @ 6:00 pm
RURAL BUILDING SITE AUCTION
Attention Acreage Prospects, Builders, & Others in the Market for a Rural Building Site near Colman, SD! Very Well Located +/-6.00 Acre Rural Building Site Adjacent to Mud Lake off of an Oil Highway Situated Northeast of Colman SD! This property has excellent location off of an Oil Highway lying within 1 Mile of Colman SD, 1 Mile North of SD Hwy. #34 (Sioux Valley Energy Corner), 3 Miles from the Madison-Colman Exit #109, 20 Minutes from Madison, SD, 35 Minutes from Sioux Falls, SD & 30 Minutes from Brookings, SD!
The City of Colman has declared this property as Surplus Property and made the decision to offer the following Real Property at Public Auction onsite with the property located at the Jct. of 471st Ave & 234th St. – From the East side of Colman, SD – ¾ Mile East on SD Hwy. #34 to Sioux Valley Corner, then 1 Mile North on 471st Ave/Co. Hwy. #77. From the Madison-Colman Exit – 1 ½ Miles west on SD Hwy. #34, then 1 Mile North on 471st Ave/Co. Hwy. #77.
THURSDAY JUNE 2, 2022 SALE TIME: 6:00 PM
This auction awards the opportunity to purchase a very well located +/-6.00 Acre Rural Building Site situated near Colman SD. This Property Has Tremendous Potential for Establishment of a Rural Residential Construction Site for a New Home and this property has excellent location off of an oil highway lying within 1 Mile of Colman SD, 1 Mile North of SD Hwy. #34 (Sioux Valley Energy Corner), 3 Miles from the Madison-Colman Exit #109, 20 Minutes from Madison, SD, 35 Minutes from Sioux Falls, SD & 30 Minutes from Brookings, SD. This is a scenic property bordered by Mud Lake/U.S. Fish & Wildlife Land making this a very unique & attractive potential building site. According to Moody County Planning & Zoning this property is a buildable lot & would be qualified for utilization of a Rural Building Site. Purchasers would be required to sign & record a right to farm easement as well as meet any setback requirements for construction of a new home. If a structure is built within 300’ of any floodplain a flood development permit would be required. This property could serve as a very nice rural building site although the future specific use of this property is subject to Moody County Planning & Zoning ordinances. For specific inquiries interested parties should contact Moody County Planning & Zoning @ 605-997-3101. According to Big Sioux Community Rural Water, service to the property is available on the nearby line on the south side of 234th Street. Approximate costs for Rural Water is estimated to be $7,000-$8,000.00. This cost would cover the membership fee, pit & meter as well other relative costs. For specific information on details regarding RW service interested parties should contact Big Sioux Community Water at 605-997-2098. Electricity is not currently in service for this property and would be serviced through Sioux Valley Energy. Interested parties should contact Sioux Valley Energy for specific inquiries at 605-582-2185.
LEGAL DESC.: Huebner Park Plat in the SE ¼ (AKA Parcel 4), all in Sec. 4, T. 106N., R., 50W., Colman Twp., Moody County, SD – Containing +/-6.00 Acres
TERMS: Cash – 10% nonrefundable earnest money payment sale day & balance on or before July 20, 2022. Marketable Title will be conveyed, and an Owner’s Title Insurance Policy will be provided with the cost divided 50-50 between the buyer & seller. A title company closing fee, if any, will be divided 50-50. The acres in this property are to be based on the acres as determined by a survey as completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. The sellers do not warrant or guarantee that existing fences 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. As this property has been under ownership of the City of Colman, there is no current assessment on the property, therefore there is no current real estate tax amount available. Any taxes going forward will be the sole responsibility of the purchaser(s). This property is sold in “AS IS” condition with no contingencies whatsoever, and subject to any Moody County Zoning Ordinances, any existing easements, restrictions or reservations of record, if any. Information contained herein is deemed to be correct but 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 Sellers.
Please mark your calendars and plan to attend this auction! Broker Participation Welcome, with a 1% commission payable to a licensed SD RE Broker who properly pre-registers and represents a successful purchaser and that meets the prescribed criteria for Broker Participation – for Information Broker’s should contact the office of Chuck Sutton Auctioneer & Land Broker, LLC – ph. 605-336-6315.
CITY OF COLMAN, Owner
KUHLE-SUTTON AGENCY, LLC – Listing Brokerage Firm
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315
JARED SUTTON – Auctioneer & RE Broker Assoc. – Flandreau, SD – ph. 605-864-8527
DEAN GULBRANSON – RE & Pers. Property Auctioneer – Madison, SD – ph. 605-695-0133
GULBRANSON – RE & Pers. Property Auctioneer – Madison, SD – ph. 605-695-0133
