LAND AUCTION

Location, Location, Location!!

ATTENTION - Developers, Investors, Contractors & Entrepreneurs +/-159.5 Surveyed Acres of Prime Potential Development Land Located in Medary Township, Brookings County, SDLying Within Approx. 1 Mile of Brookings, SD and Lying Adjacent to South Main Avenue/Co. Hwy. #77 and Near the South Main Fire Station, Dakota Prairie Elementary School, Fishback Indoor Training Facility & Nearby Developed and Developing Commercial, Residential & Multi Family Housing

We will offer the following real property at auction “On Site” at the land which is located from the South Main Fire Station at the Jct. of 26th St. S. & S. Main Ave. (Co. Hwy #77) – approx. 1 mile south; the Southeast Corner of the Land is at the Jct. of S. Main Ave./Co. Hwy. #77 & South 44th St./216th St. and the SW Corner is at the Jct. of S. Western Ave./470th Ave. and S. 44th St./216th St. – Located at the “S” Curve South of Brookings & the Sinai Road (216th St.).

FRIDAY, MARCH 31, 2023

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 situated within a close proximity to Brookings, SD that has been owned by the Nelson Family for many decades, which now comes to the market due to the recent deaths of both Wes and Gail Nelson. This land has remarkable unbridled potential with this land lying on the cusp of future development and the ongoing southerly expansion to the City of Brookings, SD. This property is located near numerous area professional, educational, retail and residential enterprises being both currently built and developing in southern Brookings, SD. 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 Brookings, SD – a rapidly developing community and the home of South Dakota State University, then this is a property that deserves your utmost attention.

This property will be offered as PARCEL #1 – The North +/- 79.2 Acres; PARCEL #2 – the South +/- 80.3 Acres or as PARCELS #1 & #2 Combined the +/-159.5 Acre Unit.

This land is sold subject to an existing farm lease for 2023, with the buyer to receive a seller’s enhanced rental amount of $300.00 per acre on 159.5 Surveyed Acres for a total of $47,850.00, or an amount multiplied by the surveyed acres in each individual parcel, which will be credited to the buyer at closing, with full possession to be awarded subsequent to the harvest of the 2023 crops. Presently this property is zoned agricultural and is under Brookings Co. Zoning Regulations and any future changes in zoning are subject to the Joint Jurisdictional Zoning of both the City of Brookings & Brookings County Planning and Zoning, and are subject to any applicable related zoning conditions and other requirements, with any or all future development costs to be the responsibility of the purchaser(s).

LEGAL DESC.: The SW¼, Exc. Outlot 1, in Sec. 11, T. 109N., R. 50W., (Medary Twp.), Brookings Co., SD.

TERMS: Cash - A 10% non-refundable down payment sale day and the balance on or before May 19, 2023, with landlord’s possession, with the buyer to receive a Seller’s Enhanced Rent of $300.00 per acre multiplied by the surveyed acres, which on the property as a whole would be $47,850.00 for 2023 and credited to the buyer(s) at closing. Marketable Title will be conveyed and Owner’s Title Insurance 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 Sellers, with all of the 2023 RE taxes payable in 2024 will be paid by the buyer(s). The acres being sold in this property are to be based on the acres as determined by a survey to be completed by Civil Design, Inc. Engineers & Land Surveyors, with the acres understood to be “more or less”. 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 Trustee. To view full terms, see www.suttonauction.com

**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**

To View a Drone Video of the Properties or for addt’l information see www.suttonauction.com

To make arrangements for absentee bidding contact Sutton Auction.