Land Auction

309.3 +/- Acres - Brule County (Red Lake TWP), SD

Auction Location:  AmericInn Chamberlain Conference Center, 1981 E King St, Chamberlain, SD

Live Auction with Internet Bidding available at www.PLAbid.com!

We are pleased to bring 309.3 acres of Brule County, Red Lake Township, SD land to the market at public auction! This auction represents two excellent tracts of agricultural land in an area where land is closely held and is rarely offered for sale.  The land is well-located southwest of Pukwana, SD, and southeast of Chamberlain.  All information, maps, photos, videos and more are available online at www.PetersonLandAuction.com!  Contact our office with any questions.  Remember...only at auction!

Legal Descriptions: 

Tract 1: SOLD FOR $7150/ACRE! SE 1/4 of Section 31-T103N-R70W of the 5th PM Brule County, SD. 155 +/- acres., Tract 1 is easily accessed along the east boundary by 347^th Avenue.  The parcel features 126.73 +/- acres under cultivation, 25.48 acres of pasture and the balance in ROW.  There is potential for additional cultivated acres with this tract.  Tract 1 features an excellent productivity index of 78!  Dont miss an opportunity on a great piece of property! If buyer desires rural water, they will need to make application for rural water service with Aurora-Brule Rural Water.  R.E. Taxes: $2349.12 (2023)

Tract 2:  SOLD FOR $6775/ACRE! SW ¼ of Section 31-T103N-R70W of the 5^th PM, Brule County, SD. 154.3 acres. This tract features 50.78 +/- acres under cultivation, 102.91 +/- acres of pasture, and the balance in ROW.  There is potential for additional cultivated acres with this tract also.  This too is an excellent parcel in terms of soil quality with an overall productivity index of 79.  The livestock pond is silted in and will need to be cleaned out in order to be a primary water source.  If the buyer desires rural water, they will need to make application for rural water service with Aurora-Brule Rural Water.  The property is accessed in the northwest corner from the grass/dirt section line along 346^th Avenue.  R.E. Taxes: $2386.30 (2023)

Combination:  PROPERTY SOLD IN INDIVIDUAL TRACTS. SE ¼ and SW ¼ of Section 31-T103N-R70W of the 5^th PM, Brule County, SD.  309.3 acres. Collectively, these two tracts combine 177.51 +/- acres under cultivation with 128.39 +/- acres in pasture, and the remaining balance in ROW.  The combination of Tracts 1 & 2 seems a terrific fit for the diversified operator.  Crop production, grazing and hunting potential are all possible by investing in this combination.  The land will be offered in individual tracts and one combination and will be sold in the manner that generates the most revenue for the seller. R.E. Taxes: $4735.42

Property Directions: Tract 1: Pukwana SD I-90 Exit 272, Four miles south on SD Highway 50, four miles west on 25th St, one-and-a-half mile south on 347^th Ave to Tract 1 on west side of the road.  Tract 2: Pukwana SD I-90 Exit 272, Four miles south on SD Highway 50, four miles west on 254^th St, one mile south on 347^th Ave, one mile west on 255^th Street, turn south onto 346^th Ave (grass/dirt section line) for one-half mile to Tract 2 on east side of the section line. Signs designate the property.  Inspect the property on your own - from the roads.

Owners: Jeannette Gibbons, Gloria Anderson, Lyle Bode

Terms & Conditions:

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.  Buyer and seller will execute a 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 Titles of Dakota where it will be held until closing and applied to the respective purchaser’s purchase price.  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.  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. Property is being sold by legal description only.  Should purchaser elect to have a survey completed it will be at the expense of the purchaser.  In the event of any acreage discrepancy, the final contract price will not be adjusted to reflect any difference between the advertised acres and surveyed acres. Closing date shall be on or before January 15, 2025 at Titles of Dakota, Chamberlain, SD.  The closing fee shall be divided equally between the buyer and seller. Possession and risk of loss on the property transfer at closing.  Buyer has the right to farm the land in 2025.  Merchantable title shall be conveyed by Warranty Deed.  Owners title insurance will be provided with the cost divided equally between buyer and seller.  2024 Real Estate taxes due and payable in 2025 shall be paid by the seller.  2025 taxes shall be paid by the Buyer. Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.