125 W 3rd Street, Winner, SD

Dan Clark Auction & Realty LLC

 

Date(s) 9/30/2024 - 10/16/2024

Auction closes with a "soft close" at 1:00 PM on October 16th.

Past Auction
Online-Only Auction
Shipping Not Available
Bidding Notice:

Property is being sold AS IS with no warranties written, expressed, or implied.

Auction Information
Name 125 W 3rd Street, Winner, SD
Auctioneer
Type Online-Only Auction
Date(s) 9/30/2024 - 10/16/2024
Auction Date/Time Info
Auction closes with a "soft close" at 1:00 PM on October 16th.
Preview Date/Time Preview the property by contacting Dan at 605-842-6075.
Checkout Date/Time Earnest Money Deposit due within 24 hours.
Location
Buyer Premium 4.00% buyers premium & 6.2% state/tax
Description
Here’s a great opportunity to purchase a good solid commercial/residential building that is in good condition and always been maintained. Not only would this be a good investment/rental property, but also, it would make a good building for someone either starting a new business or for someone looking to expand a business they currently have that requires more office space. This property is located ½ block off of Main Street and has ample parking spaces. This is a solid, 2-story concrete block building consisting of a total of 6,402 sq. ft. of useable area. The main floor has a total of 5,114 sq. ft. The front portion of this building, 4,074 sq. ft., (28’ x 110’) has been used as a reception area, (4) office rooms, breakroom, 2 restrooms, mechanical room and the balance was used for storage & working area. That back portion of this building has been used for cold storage and has access from the alley, with both an overhead door and a walk thru door. The main part of the building and the apartment has a propane forced air furnace and central air conditioning. The 2 nd floor has 1,288 sq ft (28’ x 46’) of living area and it consists of a 1-bedroom apartment, that has a kitchen, dining & living room and a full bathroom. This living area can be accessed from two separate stairways. Appliances stay with the apartment: refrigerator, electric cook stove & oven, dishwasher, and microwave. All of the furniture currently being used in the apartment will stay. The back part of this building, 1,040 sq. ft. (26’ x 40’) was used as a cold storage area and a single vehicle garage. There is an overhead garage door, and a walk-through entrance door that is accessed from the alley.
ONLINE ONLY AUCTIONS TERMS: * Bidder inspection is encouraged. * By placing a bid, the bidder signifies that they have examined the property to their satisfaction. This is a cash sale, which means potential buyers must have their financial arrangements secured prior to bidding. There will be no buyer contingencies offered or accepted for financing, inspections, or appraisals. Buyer and Sellers agree to execute a written purchase agreement within 24 hours of auction closing and to deposit, with RE Broker/Auctioneer Dan Clark, a nonrefundable earnest money payment of 15% of the Purchase price. The nonrefundable earnest money payment will be made payable to the closing agency, Titles of Dakota, Winner, SD. Buyers who are unable to close will be in default and the earnest money will not be forfeited. All prospective buyers that have no prior real estate purchase/business history with Dan Clark Auction & Realty, LLC shall be required to submit a letter of credit or proof of funds from an FDIC-insured lending institution or financial services company prior to being approved to bid. Dan Clark Auction & Realty, LLC and the Sellers shall have absolute discretion and authority to qualify or not qualify potential bidders. If you have any questions as to your ability to bid, contact our office in advance of the auction. Balance of the purchase price is due in certified funds at closing on or before November 18, 2024, the buyer(s) will take full possession after final payment at the date of the closing. The closing service fee that's charged by the closing agency shall be divided equally between the buyer and the sellers. Conveyance of marketable title will be transferred by Warranty Deed. The owner's title insurance policy will be provided with the cost of title insurance policy to be divided equally between buyers and sellers. This property is sold AS-IS / WHERE-IS condition, with No warranty or guarantees either written, expressed or implied. All of the 2023 Real Estate taxes will be paid by the Sellers. 2024 Real Estate taxes due and payable in 2025 shall be prorated to the date of the closing, based on the most current county information. DISCLAIMER: Property information provided was obtained from sources deemed reliable, however, the Seller(s) and Broker/Auctioneer are not making any guarantees to its accuracy. Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries, and due diligence concerning the property. The seller makes no warranty whatsoever for the property and specifically disclaims all warranties of fitness for a particular purpose of any warranty. Potential buyers are encouraged to conduct both on-site and off-site inspections of the property to the extent deemed necessary and rely upon their own pre-auction inspection when bidding. The winning bidder(s) acknowledge that they are representing themselves or have hired representation using their own financial means to complete the online- only auction sales transaction. Dan Clark, Broker/Auctioneer, and Dan Clark Auction & Realty, LLC Brokerage Firm, and all associated licensees are acting as agents for the Seller and will be representing only the Seller's interest in this transaction. Auctioneers reserve the right to cancel and /or reopen the auction in the case of system failures. This Real Estate property is being sold subject to the Sellers confirmation. Buyer’s Premium of 4% and 6.2% city/state sales tax will be added to the final bid. The laws of the State of South Dakota govern this agreement. Any dispute arising from the terms of this auction shall be brought in a court of Tripp County, South Dakota.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 4.00% buyers premium & 6.2% state/tax
Payment Terms
This is a cash sale, which means potential buyers must have their financial arrangements secured prior to bidding. There will be no buyer contingencies offered or accepted for financing, inspections, or appraisals. Buyer and Sellers agree to execute a written purchase agreement within 24 hours of auction closing and to deposit with RE Broker/Auctioneer, a nonrefundable earnest money payment of 15% of the winning bid price. The nonrefundable earnest money payment will be made payable to the closing agency,Titles of Dakota, 302 E 2nd St., Winner, SD. Buyers who are unable to close will be in default and the earnest money will be forfeited.
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