Pierret – 22.6 Acres of Ag, Investment or Residential Development Land
October 3, 2017 @ 5:00 pm
GARRETSON, SD DEVELOPMENTAL LAND AUCTION
22.6 Acres of prime agricultural, investment, single or multi-family residential development land located in the southeast corner of Garretson, SD, “The City of Parks”!
TUESDAY OCTOBER 3RD, 2017—5:00 PM
Auction To Be Held Just North of Site on Dows St in the Garretson School Sports Complex parking lot.
LEGAL DESCRIPTION: Plat of Tract 1 of Donald Pierret’s Addition (Except Lot 7A in Block 3 and Lot 8A in Block 4 of Johnson’s 2nd Addition and Lot 12A in Block 4 and Lot 6A in Block 5 of Johnson’s Addition to be platted and recorded) to the city of Garretson, Minnehaha County, South Dakota.
LAND DESCRIPTION: Located on 486th Avenue and Dows Street just across from the new Garretson School Sports Complex. 22.6 acres of extremely well located prime agricultural, investment, single or multi-family residential development land. Currently in the city of Garretson jurisdiction and under ag status, however buyers will have the opportunity to rezone and replat to their liking. Subject to city zoning approval. All utilities are nearby.
The need for a new housing area with the current shortage of new housing residential lots creates an excellent opportunity for residential development investment or continued agricultural use. Buyers are encourage to do their due diligence and come prepared to buy and “Grow Garretson!”
TERMS & CONDITIONS: CASH—A 10% non-refundable earnest money down payment on the day of the sale along with a signed purchase agreement. The balance will be due on or before December 29, 2017 with immediate possession for the 2018 year. The subject property is currently under lease and the current tenant will be allowed removal of their 2017 corn crop. A warranty deed will be conveyed and an owner’s title insurance policy provided with the cost split 50/50 between the buyer and seller. Title insurance and closing at First Dakota Title in Sioux Falls. All of the 2017 Real Estate taxes payable in 2018 will be paid by the seller, with the buyer to be responsible for all of the 2018 Real Estate taxes payable in 2019, which are to be determined due to a re-plat of the land. For an estimate on what the Real Estate taxes will be, please contact the Minnehaha County Equalization office. This property is sold in AS IS condition and the information contained herein is deemed to be correct, but is not guaranteed. The Real Estate licensees in this transaction are acting as agents for the seller. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any. Sold subject to confirmation of the owner. For further details, please visit our websites at www.LandMarkRealtyAndAuction.com or www.SuttonAuction.com
Donald W. Pierret, Owner
Arranged & Conducted by:
LandMark Realty & Auction, Inc.
Bob Julson – RE Broker Assoc/Auctioneer – Garretson, SD – 605/351-2654
Lee Burggraff – RE Broker/Owner/Auctioneer – Dell Rapids, SD – 605/366-1673
Chuck Sutton – Auctioneer/Land Broker – Sioux Falls, SD – 605/336-6315[/vc_column_text][/vc_column][/vc_row]