COMMERCIAL LAND AUCTION

20.24 Taxable Acres  *  3817 3^rd Ave. SE – Aberdeen, SD

MONDAY, DECEMBER 10, 2018 – 11:00am

Auction Location: The DEC (Dakota Event Center) - 720 Lamont St. Aberdeen, 57401

Outstanding opportunity to purchase land for development. The land is located adjacent to Menards, AmericInn, Northwestern Energy and Aberdeen Mall. Property is zoned I-2 (Unrestricted Industrial) allowing multiple industrial or commercial uses. It is bordered by 3^rd Avenue SE, Centennial Street South, Milwaukee Avenue and Brown County Highway 19. It will be offered as two parcels.

Current Legal Description:
Lot 2, Schwan Family First Addition to the City of Aberdeen, in SE1/4 of Section 17-T123N-R63W of the 5^th P.M., Brown County, South Dakota

Parcel 1: 9.47 Acres located adjacent to Milwaukee Avenue and Brown County Highway 19.

Parcel 2: 10.77 Acres located adjacent to 3^rd Avenue SE and Centennial Street South.

Method of Sale: Land will be offered by the choice and privilege method with the choice to high bidder to take one or both parcels. Should the high bidder not select both parcels, the contending bidder will have the privilege to select the remaining parcel at the high bid. Should the contending bidder elect not to purchase the parcel that remains, the remaining parcel will be offered with another round of bidding.

TERMS & CONDITIONS: Successful bidder will deposit 5% irrevocable earnest money down day of sale with balance due in certified funds upon closing, on or before January 28, 2019. Purchaser shall receive full possession at closing. Property is selling in "as is" condition and without Purchaser contingency of any kind, have financial arrangements secured prior to bidding. Marketable Title will be conveyed, and owner’s title insurance will be provided with the cost of the owner’s policy shared equally between the Purchaser & Seller. Titles of Dakota will be the closing agent and their closing service fee will be split equally between Purchaser and Seller. Seller is responsible for the 2018 real estate taxes payable in 2019. The 2019 real estate taxes payable in 2020 are the responsibility of the Purchaser. In the eveSeller will convey to the Purchaser all of his oil, gas and mineral rights related to the Property. Seller makes no representation and does not warrant the nature and extent of such interests. The property is sold subject to existing easements, zoning restrictions, reservations or highways of record, if any, which do not interfere or restrict the existing use of property. Verbal announcements made day of sale shall take precedence over promotion advertisements. Thorpe Realty & Auction is representing the Seller exclusively.

Owner: First Premier Bank, Trustee of the R. Cleon Dornbush Irrevocable Trust, Dated October 12, 1972

Jim Thorpe
Broker/Auctioneer
Cell: (605) 216-7776

Peggy Thorpe
Broker
Cell: (605) 216-1309

Office: (605) 225-7776

Thorpe Realty & Auction
1002 S Lawson St
Aberdeen, SD 57401