Terms TRAIN DEPOT and 2 CITY LOTS DEVELOPMENT PROPERTY – STURGIS, SD
ABSOLUTE REAL ESTATE AUCTION
WEDNESDAY NOVEMBER 16, 2022 at 2:00 PM
Auction held in the Meade Room of the Sturgis Community Center, 1401 LaZelle St.
Sale Property access between 1621 & 1703 3rd Street, Sturgis SD
Directions: From Junction Ave., turn West on Boulevard Street. Where Boulevard curves to the right, joining 3rd, property access is on the left.
AUCTION LOT #1 .27 Acres – Historic 1903 CNW Railroad Train Depot
Property includes a 2,700 sq. ft. building 32’x 86’original fire-kiln brick construction. Lot features access to city utilities in a residential neighborhood. Also includes large mature trees.
Legal: Fairgrounds Addition Lot A, City of Sturgis, Meade County, SD
AUCTION LOT #2 .20 Acres
This unimproved city lot is adjacent to Tract 1 within the Sturgis City limits in an established, residential neighborhood.
Legal: Lot 1 of NWSE 9-5-5 in Fairgrounds Addition in the City of Sturgis; Parcel ID 01.59.00.011 approximately 8,712 sq ft / .20 Acres
TERMS AND CONDITIONS: ABSOLUTE AUCTION, property sells to the highest bidder(s) auction day without minimum or reserve bid! Offered in two tracts of .27 and .20 acres. Successful bidder(s) shall deposit 15% irrevocable earnest money auction day with the balance due in certified funds upon closing on or before December 13th, 2022. Sold without buyer contingency of any kind, have financial arrangements secured prior to bidding. Marketable title transferred by Warranty Deed subject to any easements, restrictions and reservations of record. Possession given upon closing. A policy of title insurance will be furnished and is available for your inspection prior to the auction. Seller will provide outside boundary corners survey. 2021 and prior year taxes will be paid by the seller, 2022 taxes will be prorated to closing date based on the 2021 tax levy. Descriptions and information are from sources deemed reliable, however, neither Seller or Auctioneer/Brokers are making any guarantees or warranties, actual or implied. Property sold "AS-IS", inspect the property to the extent deemed necessary, both on and off premise and rely on your own judgment when bidding. Check with Sturgis City Hall for current building requirements, utilities, etc. Auctioneer/Brokers are representing the Seller’s interests in this transaction. Announcements made at the auction take precedence over any printed material or prior representations.
Broker Participation Invited: Call or email for information, required form, and deadline.
See info and photos on: www.SturgisAuctions.com
Showing Dates: Auctioneers/Brokers will be at the property on Friday, October 21st from 11:00 am to 2:00 pm, Wed. Nov. 9th from 11:00 am to 2:00 pm, and Wed. Nov.16th (day of auction) from 10:30 am – 12:30 pm or by appointment. Contact David Wilson or Jeff Levi at Sturgis Real Estate & Auctions (605) 347-7579 or your local Realtor. MLS lockbox is installed – Inspect carefully at your own risk -Not responsible for accidents.
Auctioneer’s Note: Take note of this unique tract of unrealized potential within the city limits of Sturgis. All selling without reserve! If you are in the market for reasonably priced lots in a nice neighborhood, take time to inspect and be in attendance as lots and property of this type in Sturgis are very difficult to find!
Owners: AAI Property Mgt. & Steven & Valli Petersen