AUCTION LOCATION: AMERICINN CONFERENCE CENTER, 1981 E KING ST, CHAMBERLAIN, SD

Discover this unparalleled opportunity to own 237.24 acres of prime farmland adjoining the city limits of Chamberlain, South Dakota. This property offers a unique blend of rural landscape and convenient access to city amenities, making it an ideal investment for both agricultural and development purposes. 

The prime farmland is perfectly suited for a variety of agricultural activities. The property’s location provides stunning panoramic views of the South Dakota landscape, creating a serene and picturesque environment.

Chamberlain, known for its vibrant community and rich history, offers numerous attractions and amenities. From the scenic beauty of Lake Francis Case to the historic Old Highway 16 bridge, the area provides ample recreational opportunities for outdoor enthusiasts. The city boasts excellent schools, healthcare facilities, and a welcoming community, making it an attractive place to live and invest.

For developers, the land’s adjacency to the city limits opens possibilities for residential, commercial, or mixed-use development. The growing demand for housing and commercial spaces in Chamberlain presents a lucrative opportunity for future projects.

Whether you’re an agricultural investor, developer, speculator, or someone seeking a peaceful rural retreat with city conveniences, this auction offers limitless potential. Embrace the chance to own a piece of South Dakota’s heartland and benefit from its strategic location and natural beauty.

Inspect the property on your own - from the roads.  Contact our office with any questions.  Remember...only at auction! 

Legal Descriptions: 

Tract 1:  NW 1/4 Less and Except Platted Portions of Section 26-T104N-R71W of the 5th PM Brule County, SD. 86.89 +/- acres.  Location! Location! Location! Tract 1 sits one-quarter mile east of SD Hwy 50/I-90 Business loop just one mile north of the Chamberlain, SD I-90 exit and two miles south of downtown Chamberlain.  This outstanding, nearly all tillable, easily accessed piece of property with all acres, except right-of-way, currently under cultivation. From a soil rating perspective, Tract 1 is an excellent parcel featuring a productivity index of 86!  Even better is 84% of the tract is ONE soil type…incredible!  This tract features one-quarter mile of frontage of 248^th Street (gravel road) on the north boundary.   No matter the intended use of this property, it is one of the most unique tracts we’ve offered in terms of location, soil quality, and development potential.  Situated “On the Hill” in Chamberlain, Tract 1 is bordered by the city limits of Chamberlain on the entire west boundary.  The location and opportunity available with this tract - for any buyer - is one that rarely comes along.  Don’t miss out! Current zoning: Agricultural.  R.E. Taxes: $1411.08 (2023)

Tract 2:  N ½ NE ¼ Less and Except Goldammers Outlot No 1 and Prairie View Subdivision Section 26-T104N-R71W of the 5^th PM, Brule County, SD. 68.82 +/- acres. All acres are presently under cultivation in Tract 2, except for the right-of-way.  This too is an excellent parcel in terms of soil quality with an overall productivity index of 83.  Of the three tracts offered, Tract 2 is unique in offering access from two different roads.  Tract 2 is one-half mile east of SD Highway 50/King Street, fronted by 248^th Street (gravel) on the north and three-quarter mile north of old Highway 16 fronted by 345^th Avenue (gravel) on the east. An existing small-acreage subdivision is located along a portion of the northeast border of the tract.  Current zoning: Agricultural.  R.E. Taxes: $1205.73 (Estimated 2024)

Tract 3:  S ½ NE ¼ of Section 26-T104N-R71W of the 5^th PM, Brule County, SD. 81.53 +/- acres. Last, but certainly not least, we bring Tract 3, a powerful, all-tillable parcel-with the exception of the right-of-way.  Like the previous tracts, Tract 3 features a powerful productivity index of 86 with only two soil types! The land is located one-half mile north of old Highway 16 and fronted by 345^th Avenue (gravel) on the east boundary for one-quarter mile.   Outstanding location, great access and strong upside potential can all be used to describe Tract 3.  Current zoning: Agricultural.  R.E. Taxes: $1428.41 (Estimated 2024)

Tract 4: The combinations of Tracts 1-3. 237.24 +/- acres.  From an agricultural perspective, the entire property brings so much to the table in terms of soil quality, outstanding access, good roads and proximity to markets.  Bordering the city limits and utilities & services nearby brings limitless opportunities for potential development.  The upside potential for this property is extremely strong!  The property will be sold in the manner that generates the most revenue for the seller.  

Note: Property boundaries and acres shown on any maps-printed or digital-are to be consisdered approximate. The property has been surveyed and will sell based on the survey acres.  A copy of the survey is available on this webpage. 

Property Directions: Chamberlain SD I-90 Exit 265, one mile north on I-90 Business Loop (King Street), one-quarter mile east on 248^th Street (gravel). Tract 1 will be on the south side of 248^th St.  Pukwana, SD I-90 Exit 272, one mile north on 350^th Ave.  At Pukwana, keep left-traveling west-onto 249^th Street for 6.5 miles, turn north onto 345^th Avenue (gravel) for one-half mile.  Tract 3 is on the west side of 345^th Avenue. Signs will designate the property.  Inspect the property on your own - from the roads.

Owners: Gail Gunderson, Craig Swanson, Kim Swanson and Barry Swanson

Terms & Conditions

Qualifying to Bid:  All prospective purchasers that have no prior real estate purchase/business history with Peterson Land & Auction LLC shall be required to submit a letter of credit/guarantee or proof of funds from an FDIC insured lending institution or financial services company prior to being approved to bid.  Peterson Land & Auction LLC and the Seller shall have absolute discretion and authority to qualify or not qualify potential bidders.  If you have any question as to your ability to bid, contact our office in advance of the auction. 

Contract & Deposit: Buyer and Seller agree to execute a written purchase agreement at the conclusion of the auction.  Non-refundable deposits in the amount of 15% (Fifteen Percent) of the final selling price shall be tendered by the purchaser at time of purchase agreement execution.  The deposit will be held in the trust account at Brule County Abstract/Lyman County Title where it will be held until closing and applied to the respective purchaser’s purchase price.

Type of Sale:  Cash. No Buyer contingencies of any kind are offered, nor will any be accepted.  These include but are not limited to financing, appraisal, and inspections. Potential buyers are expected to have their financial arrangements secured prior to bidding.  Buyers who are unable to close because of insufficient funds will be in default and the earnest money shall be forfeited.  Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries, and due diligence concerning the property.  Property will be sold subject to confirmation of the seller.

Warranty: Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or any warranty.  Property sells in AS-IS condition.  

Survey: Property is being sold by surveyed acres.  

Closing/Possession: Closing date shall be on or before October 31, 2024 at Brule County Abstract, Chamberlain, SD.  The closing fee shall be divided equally between the buyer and seller. Possession shall be granted at closing. 

Title: Insurable title shall be conveyed by Warranty Deed.  Owners title insurance will be provided with the cost divided equally between buyer and seller.  

Taxes:  2023 Real Estate taxes due and payable in 2024 shall be paid by the seller.  2024 taxes-and subsequent years taxes-shall be paid by the buyer when due.

Agency: Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.