Evenson, Savage & Eich – 80.58 Acres of Prime Potential Development land in Lincoln Co., SD near Southeastern Ave. & Sycamore in SFalls, SD
December 9, 2022 @ 10:00 am
LAND AUCTION – Location, Location, Location!!
ATTENTION – Developers, Investors, Contractors & Entrepreneurs
+/-80.58 Surveyed Acres of Prime Potential Development Land Located in Springdale Township in Northern Lincoln County, SD – Lying Adjacent to 85th St (270th St.) between South Southeastern Ave. & Sycamore Ave. and Near the Sioux Falls Christian High School, Harrisburg Schools (Including the New Harrisburg East Middle School Currently Under Construction Near 69th & Southeastern Ave.) & Others Situated in and near Sioux Falls, SD, as well as nearby Developed and Developing Commercial, Residential & Multi Family Housing Occurring Near and Within the Same Section as This Property in Southern Sioux Falls, SD
We will offer the following real property at auction “On Site” at the land with The Southeast Corner of the Land is at the Jct. of Sycamore Ave. & 85th Street/270th Street – Located from the USF Stadium at the Jct. of 69th Street & Cliff Avenue in Sioux Falls, SD – 2 miles east on 69th Street to Sycamore Ave. and ¾ mile south on Sycamore Ave. to the Northeast Corner of the Land; or from the Jct. of Hwy. #11 & 85th Street/270th Street Just north of Shindler, SD – 1 mile west on 85th Street.
FRIDAY DECEMBER 9, 2022 SALE TIME: 10:00 AM
ATTENTION – Developers, Investors, Contractors & Entrepreneurs: This auction presents a “Very Rare” and “Once in a Lifetime Opportunity” to purchase this land which has been in the Evenson Family for over 75 years (1946), which has remarkable unbridled potential with this land lying on the cusp of future development and the ongoing southerly expansion to the City of Sioux Falls, SD. If you are in the market for a parcel of land which has a great deal of future potential and if you desire to be part of the development of Sioux Falls, SD – a rapidly developing community and the largest city in South Dakota, then get your financing ready, come prepared to bid and make plans to attend this auction.
This property will be offered as a +/-80.58 Acre Unit. This property is located near numerous area professional, educational, retail and residential enterprises being both currently built and developing in southern Sioux Falls, SD. This parcel of land is located within the same section as expanding residential and other development occurring within the same section of land in which this land is situated. If you are in the market for a parcel of land which has a great deal of present and future potential in tempo with the southerly development of the City of Sioux Falls, SD, then is a property that deserves your attention. This property is well located lying between S. Southeastern Avenue and Sycamore Avenue which borders the east side of the property and is bordered on the south by 85th Street. Currently this property is not within Sioux Falls City Limits, although portions within the same section as this property are in the city limits and are currently being developed. According to the City of Sioux Falls Planning and Zoning Office this property is within the 2040 growth plan and due to the high visibility and location of this land, likely anticipated future uses of this property might include areas of multi-family and single family residential pending approval of a comprehensive development plan and amendments. The buyer/developer to be responsible for any or all cost recovery for sanitary water, sewer and any or all other development costs. This property presently is not serviced with any city utilities and buyers should independently research utility plans and services available with the Sioux Falls City Engineers Office. Presently this property is zoned as agricultural land and is being utilized as agricultural farmland and according to FSA information this property has approx. 63.8 acres of cropland with the non-tillable acres comprised of grass hayland/pasture with a dugout and roads, with an FSA a 32.05 acre corn base with a 147 bu. PLC yield and a 30.95 acre soybean base with a 44 bu. PLC yield, with the farm enrolled under the ARC-IC County Election of the USDA farm program for corn and soybeans. There has been an NRCS Certified Wetland Determination Completed on this property which is available for review. According to the Lincoln Co. Assessor this parcel has an Overall Soil Rating of .794, comparatively info. obtained from Surety Agri Data, Inc. indicates that this farm has an overall productivity index of 75.3. The general topography of this property is level to gently rolling. The 2021 RE taxes payable in 2022 on this property were $2,152.94.
LEGAL DESC.: S½ of the SE¼ of Sec. 18, T. 100N., R. 49W., (Springdale Twp.), Lincoln County, SD.
TERMS: Cash – A 10% non-refundable down payment on the day of the sale and the balance on or before Jan. 27, 2023, with full 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, if any, to be divided 50-50 between the buyer and seller. All of the 2022 RE taxes due and payable in 2023 will be paid by the Owners. The acres in this property are to be based on the acres as determined by a survey to be completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”, with the survey costs paid by the Owners. 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. Presently this property is zoned agricultural and any future changes in zoning are subject to Lincoln County Planning and Zoning and any Joint Jurisdictional Zoning with the City of Sioux Falls, SD, and are subject to any applicable related zoning conditions and requirements, with any or all future development costs to be the responsibility of the purchaser. 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 Zoning Ordinances and/or County/City Zoning Requirements. Sold subject to confirmation of the owners.
**Broker Participation Welcome – Cooperating Brokers must pre-register prior to the day of the auction & meet the requirements for Broker’s Participation to qualify for a 1% commission. For details and pre-registration forms, contact Chuck Sutton Auctioneer & Land Broker, LLC – email – office@suttonauction.com or ph. 605-336-6315**
GORDON EVENSON, MAXINE SAVAGE & ARLYCE EICH, Owners
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315
JARED SUTTON, CAI – RE Auctioneer & Broker Assoc. – Flandreau, SD – ph. 605-864-8527
TOM SOUVIGNIER & TED SOUVIGNIER – Auctioneers & RE Broker Associates – Canton, SD – ph. 605-987-2404
DAN UTHE – Auctioneer & RE Broker Associate – Sioux Falls, SD – ph. 605-351-2230
