Brookings, SD Commercial Real Estate Auction
Thursday, September 24th at 11:00am CT
1022 Main Avenue South – Brookings, SD
Live auction with online bidding
Open Houses: Friday, August 28th from 12-2pm & Tuesday, September 8th from 3-6pm CT
Offering an unbeatable combination of location, square footage, South Main frontage, and ample space, this expansive 2.19± acre (95,706±sf), zoned B-3 commercial, complex is fully equipped to support a wide range of business operations. This property was built and owned by Interstate Telecommunications Cooperative since 1950, and the time has come for a favorable opportunity for you to take Advantage of a move-in ready commercial space. A 4' x 8' message center sign installed in 2020 offers outstanding exposure to South Main, where the South Dakota Department of Transportation reports traffic counts exceeding 2,500 vehicles per day. The primary 4,755±sf block construction building includes 3,391± sf finished and features a split-foyer design with a main level office addition with a private office with built-in bookshelves, convenient drive-up window, secure drop box and desks that enhance functionality. A professional upper-level office space provides an oversized workstation with upper and lower cabinets complete with a 10' x 12' walk-in vault. The spacious lower level provides a break room with a kitchenette, spacious conference room and abundant storage, making it ideal for a working business. Year-round comfort is provided by natural gas water boiler with baseboard heat installed in 2002 and three climate control zones with separate air conditioning units serving the upper, lower, and main level addition, all installed in 2019 and 2020. A 28' x 32' attached and heated garage on the West side of the building adds everyday convenience. Further enhancing the overall operation, the property also includes a detached 2,400±sf concrete floor shop. This secondary 60' x 40' structure features a 32' x 40' insulated and heated shop in-front, complemented by a 28' x 40' cold storage area in the back. With 10' x 12' overhead doors on both the north and south entrances allowing access for equipment throughout the seasons. Location, durable, secure, and move-in ready, this multi-purpose B3 zoned commercial property offers space, infrastructure, and versatility to accommodate businesses of all types. Bid to buy September 24th!
Snapshot:
- 236' of Main Avenue Frontage!
- 2.19± Acres Zoned B-3.
- 4,755±sf Professional Building.
- 2,400±sf Shop with 1,280±sf Heated & Insulated.
- Walk-In Vault & Drive-Up Window.
- 4' x 8' Electronic Message Center.
Tract 1:
Acres: .91± (39,406.34±sf). Building Square Footage: 4,755±sf. Taxes: $5,630.00±
Legal: Lot 6 except Lot H-1 in the NE¼ of the NW¼, SEC 35-110-50, Brookings County, SD.
Strategically located on South Main Avenue, this 4,755±sf block construction commercial building offers an exceptional blend of professional office space, storage, and practical workspace. A 4' x 8' message center sign installed in 2020 offers outstanding exposure to South Main Avenue, where the South Dakota Department of Transportation reports traffic counts exceeding 2,500 vehicles per day. Originally constructed in 1959, the primary building features a split-foyer design and has been thoughtfully updated over the years, including an 18' x 31' main level addition constructed in 1982, new roof installed in 2018 and year-round comfort provided by zoned climate control, including a natural gas water boiler with baseboard heat installed in 2002 and three separate air conditioning units serving the upper, lower, and main level addition, all installed in 2019 and 2020. The main level office addition was constructed with a private office and built-in bookshelves, convenient drive-up window, secure drop box and desks that enhance functionality. A professional upper-level office space provides an oversized workstation with upper and lower cabinets, bathroom and a 10' x 12' walk-in vault. The spacious lower level provides a break room with a kitchenette, spacious conference room, utility room, and abundant storage, making it ideal for a working business. An attached 28' x 32' heated garage with a bathroom on the west side of the building adds everyday convenience. The property also features direct access from Main Avenue and benefits from an easement providing shared access to the entrance serving Tract 2, for accessibility and future flexibility with a drive-through window. Well maintained, highly visible, and move-in ready, this versatile commercial property is well suited for many business services.
Highlights:
- 188' of Main Avenue Frontage.
- Walk-In Vault & Drive-Up Window.
- 4' x 8' Electronic Message Center.
- 39,406±sf Lot Size.
- 4,755±sf Commercial Building.
- 28' x 32' Attached & Heated Garage.
Tract 2:
Acres: 1.28± (56,300.66±sf) Building Square Footage: 2,400± sf. Taxes: $4,120.00±
Legal: Lot 6A in the NW¼ and Lot 7 in the NE¼ of the NW¼, SEC 35-110-50, Brookings County, SD.
Situated on a spacious 1.28± acre lot with direct access from South Main Avenue, this 40' x 60' commercial shop offers a functional layout with 10' x 12' doors on the North and South side designed for a variety of industries. Constructed in 1966 on a durable concrete floor, the building combines a fully insulated and heated 32' x 40' shop, providing a comfortable year round environment and an adjoining 28' x 40' cold storage area in the back that offers generous space for equipment, vehicles, inventory, or seasonal storage. Possibilities are a bid away with 56,300±sf of land in a profound location and potential to place up to a 48sf of Main Avenue signage. Whether you’re expanding an existing operation, establishing a new business, or simply looking for commercial storage, this versatile property delivers the space, accessibility, and functionality to support a wide range of business uses.
Highlights:
- 1.28± Acres (56,300±sf).
- 2,400±sf Commercial Shop.
- 32' x 40' Heated & Insulated Shop.
- 28' x 40' Cold Storage Area.
- Main Avenue Access.
- Main Avenue Sign Potential.
Aerial Aerial T1 & T2 Aerial T1 Aerial T2
Zoning Info ITC Preliminary Title
Terms - Closing to take place on or before October 29, 2026. Full possession to be given at closing. If Tracts 1 and 2 are sold separately, an access easement will be signed at closing to allow Tract 1 ingress and egress access for the use of 50 feet of Tract 2’s driveway. The message center and control software will be sold with Tract 1. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 10% will be due at the conclusion of the sale. If the buyer is not immediately available at the conclusion of the auction, the purchase agreement and non-refundable earnest money deposit must be completed within 24 hours from the close of the auction. The balance will be due at closing. Merchantable title will be conveyed, and title insurance cost will be divided 50/50 between the buyer and seller. Closing costs are to be split 50/50 between the buyer and seller. The 2025 RE Taxes due and payable in 2026 will be the responsibility of the seller. 2026 RE taxes due and payable in 2027 will be prorated to the date of closing. This property is sold subject to an annual special assessment by the City of Brookings for storm water drainage which the 2026 assessment due and payable in 2027 will be paid by the Seller as a credit to the Purchaser at the time of closing. The 2027 special assessment and all future assessments will be paid by the Purchaser. No warranty is made or implied for the property boundaries, mineral rights owned, or water supply. Any mineral rights currently owned by the seller will pass to the buyer, however, the seller does not warranty or guarantee any. Information contained herein is deemed to be correct but is not guaranteed. Sold subject to existing easements, restrictions, reservations, or highways of record, if any, as well as any or all Brookings City Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. A boundary survey will be completed and will be provided. The Seller makes no representation or warranty, express or implied, regarding the physical or environmental condition of the property or any of the structures or improvements located thereon or their fitness for any particular purpose. The property, structures, and improvements will be sold on a striction “as is,” “where is,” and “with all faults” basis (including the presence or absence of hazardous substances on or affecting the property). Buyer is solely responsible at buyer’s sole expense for any structural, environmental, or other inspections and evaluations of the property which buyer wishes to conduct in relation to the property, structures, and improvements. Seller to remove all ITC logo signage prior to closing. This sale is subject to Seller Confirmation. This property is subject to a 5% buyer premium. Announcements made day of sale take precedence over any written materials. Not responsible for accidents. Tracts will be offered individually and as a unit. Purchase Agreements will be signed according to how the bids were placed at auction.
