Name Commerford Rapid City Absolute Land Auction
Auctioneer Bradeen Real Estate & Auctions
Type Online-Only Auction
Date(s) 2/13/2021 - 2/18/2021
ONLINE BIDDING OPEN SATURDAY FEBRUARY 13 THROUGH 10:00 AM MST THURSDAY FEBRUARY 18, 2021 at www.bradeenauction.com. ONLINE ONLY AUCTION BIDDING format used. Register and bid early to insure bidding connections are secure. Auction "soft close" feature utilized, allowing continued bidding after the 10:00 am closing timeframe in the event further bids are received. Auctioneers/Brokers are not responsible for internet and/or system failure of any kind and reserve the right to withdraw the property should a system failure disrupts bidding in any manner.
Preview Date/Time Feel free to inspect on your own, corners are marked, maps available onsite. OR Auctioneers/Brokers will be onsite for questions/showing on Friday January 29, Tuesday February 9 and Monday February 15 from 11:30 am to 1:30 pm each day. Also available by appointment.
Checkout Date/Time AUCTION CLOSING RECEPTION: Auctioneers/Brokers will be at "The Meadows" hospitality room, SW of the property on Moon Meadows Dr., on Auction closing day, February 18 from 8:30 am through auction closing, to show property, answer questions, or place your bid(s), if you desire. OR, feel free to bid privately ONLINE from your home or office.
Location Buffalo Crossing
Rapid City, SD 57701
Buyer Premium No Buyer's Premium Charged
Description
RAPID CITY - PENNINGTON COUNTY SOUTH DAKOTA ABSOLUTE REAL ESTATE AUCTION AGRICULTURAL - RESIDENTIAL - DEVELOPMENT - INVESTMENT OPPORTUNITY 40+- PRIME ACRES WITHIN RAPID CITY LIMITS - NEAR BUFFALO CROSSING ONLINE BIDDING OPEN SATURDAY FEBRUARY 13 THROUGH 10:00 AM MST THURSDAY FEBRUARY 18, 2021 at www.bradeenauction.com Directions to property, from the intersection of CATRON BLVD & MT. RUSHMORE RD (Hwy. 16), 1 mile south on Hwy, 16, left on Moon Meadows Dr. & left on partially developed Healing Way to the SW property corner. Features an impressive 40+- acre parcel, located on partially developed "Healing Way", just ½ mile SE of the Catron Blvd./Hwy 16 intersection in south Rapid City SD. This impressive tract is currently in agricultural use. The property is fenced, includes an excellent water well with pumping system, small livestock shelter, corral, and stock dam, all surrounded by good native grass pasture. Topography is gently rolling to steep, and includes a scenic, deep timbered draw with spectacular views overlooking west Rapid City. With direct access to partially developed Healing Way and Rapid City utilities nearby, the development potential for this property is unlimited! AUCTIONEERS NOTE: This is a rare opportunity to purchase a sizable tract of land, well located, for livestock use and/or a spectacular homesite. This property is literally within walking distance from the new Monument Health Orthopedic & Specialty Hospital, The Black Hills Orthopedic & Spine Center and the popular Buffalo Crossing complex. The current growth & development surrounding this property ensures its future for any number of residential development opportunities. Terms and Conditions: ABSOLUTE AUCTION, selling to the highest bidder without minimum or reserve bid! Successful bidder shall deposit 15% irrevocable earnest money auction day with the balance due on or before February 19, 2021, OR short term Seller financing offered. An additional 18% (33% total down) due upon closing, seller to carry the balance amortized over 3 years including 4% interest. Cost of Contract/escrow at Buyer's expense. A policy of Title Insurance showing marketable title provided by Seller and is available for inspection prior to bidding. Seller will transfer by Warranty Deed or will transfer all stock in South Forty LLC to Buyer, at the Buyer's option. Auctioneers/Listing Broker represents the Seller. Commerford (Reed) Family owned for over 100 years, held debt free. Contact Rapid City Planning & Zoning for information on future use of this property. Information, additional terms & conditions, maps, title commitment, and online bidding procedure at www.bradeenauction.com. ONLINE ONLY AUCTION BIDDING format used. Register and bid early to insure bidding connections are secure. Auction "soft close" feature utilized, allowing continued bidding after the 10:00 am closing timeframe in the event further bids are received. Auctioneers/Brokers are not responsible for internet and/or system failure of any kind and reserve the right to withdraw the property should a system failure disrupts bidding in any manner. PROPERTY INSPECTION: Feel free to inspect on your own, corners are marked, maps available onsite. OR Auctioneers/Brokers will be onsite for questions/showing on Friday January 29, Tuesday February 9 and Monday February 15 from 11:30 am to 1:30 pm each day. Also available by appointment. AUCTION CLOSING RECEPTION: Auctioneers/Brokers will be at "The Meadows" hospitality room, SW of the property on Moon Meadows Dr., on Auction closing day, February 18 from 8:30 am through auction closing, to show property, answer questions, or place your bid(s), if you desire. OR, feel free to bid privately ONLINE from your home or office. Broker participation is encouraged, contact Bradeen Auctions for details, required form and deadline. South Forty LLC, Frank Commerford, Owner Rapid City SD Mel Dreyer, Listing Broker 605-484-2040 Auctioneers/Brokers, Ron Bradeen & Jeff Storm, 605-673-2629
Auction Terms & Conditions Auction Notice: In compliance with state and federal guidelines for COVID social distancing: Auction reception attendees in person should be in good health, free from underlying conditions and/or complications. Do not attend the auction closing reception unless your intent is to purchase. NO SPECTATORS. Property may be purchased ONLINE from your home or office at www.bradeenauction.com, auction reception attendees will be required to maintain a 6ft barrier between themselves and other attendees. Please respect this for the safety of all our patrons and employees. Terms & Conditions: ABSOLUTE AUCTION, selling to the highest bidder without minimum or reserve bid! Successful bidder shall deposit 15% irrevocable earnest money auction day with the balance due on or before February 19, 2021, OR short term Seller financing offered. An additional 18% (33% total down) due upon closing, seller to carry the balance amortized over 3 years including 4% interest. Cost of Contract/escrow at Buyer's expense. A policy of Title Insurance showing marketable title provided by Seller and is available for inspection prior to bidding. Seller will transfer by Warranty Deed or will transfer all stock in South Forty LLC to Buyer, at the Buyer's option. Auctioneers/Listing Broker represents the Seller. Commerford (Reed) Family owned for over 100 years, held debt free. Contact Rapid City Planning & Zoning for information on future use of this property. Information, additional terms & conditions, maps, title commitment, and online bidding procedure at www.bradeenauction.com. Owners: South Forty LLC, Frank Commerford, Owner Property Inspection: Feel free to inspect on your own, corners are marked, maps available onsite. OR Auctioneers/Brokers will be onsite for questions/showing on Friday January 29, Tuesday February 9 and Monday February 15 from 11:30 am to 1:30 pm each day. Also available by appointment. Property Location/Directions: from the intersection of CATRON BLVD & MT. RUSHMORE RD (Hwy. 16), 1 mile south on Hwy, 16, left on Moon Meadows Dr. & left on partially developed Healing Way to the SW property corner. Watch www.bradeenauction.com for additional information, showing dates, photos, etc. Broker participation is encouraged, call for details, required form and deadline. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 2,500.00 USD
Currency USD
Buyer Premium No Buyer's Premium Charged
Payment Terms
Successful bidder shall deposit 15% irrevocable earnest money auction day with the balance due on or before February 19, 2021, OR short term Seller financing offered. An additional 18% (33% total down) due upon closing, seller to carry the balance amortized over 3 years including 4% interest. Cost of Contract/escrow at Buyer's expense.