Lot # : 1 - Main Street Cafe & Market

TERMS & CONDITIONS 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 $15,000.00. The nonrefundable earnest money payment will be made payable to the closing agency, SD Title Co., 131 South Main St., Chamberlain, SD 57325. 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 October 15, 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 fees will 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 inspection of the property to the extent deemed necessary and rely upon their own pre-auction inspection when bidding. The winning bidder(s) acknowledges 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 5% 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.