Online Only Commercial Real Estate Auction, Elkton SD

Online Only Commercial Real Estate Auction, Elkton SD

Bidding begins to close on Tuesday, August 18^th at 10:00am CT. 

110 N Elk. St., Elkton, SD 57026

Owner: Jon Vaske Living Trust

Directions: Located North of Downtown at 110 N Elk St., Elkton SD

Auctioneer Notes: Here's your opportunity to own a versatile commercial property with shop & office space right on the main downtown street in Elkton, SD! The property has lots of usable space and has loads of potential with flexibility for a shop, warehouse storage, small business, offices, ag operations, or personal use. Opportunities like this don't come often. Located in Elkton, potential to drive a little and save a lot! This is an online-only auction, bid from anywhere! Registration and bidding available at www.burlagepeterson.com. Don’t miss this sale & no buyer’s premium!

Survey

Preliminary Title

Overview: This useful property has a brick office building with a large adjoining, finished shop all in one exciting property! The main floor consists of over 6,500 total sq. ft. featuring 2,760 sq. ft. of finished, heated shop space, 2,890 sq. ft. of office space, and over 1,000 sq. ft. of storage and loading space. The shop has a 14’ by 24’ overhead pwr. door, and the building is situated on a large corner lot with excellent loading and access on the front, side and back. The basement adds an additional 2,660 square feet with interior access and its own exterior loading ramp and overhead door. The building also has a bathroom, heat, ac, and is on city utilities. Whether you're looking for shop, office, or business use, or an investor looking for a well-located commercial building, this one is worth a look. Don’t miss the auction!

Description: 110 N Elk Street, Elkton, SD 57026; Railroad Addn., Lot B, 29,185.2 SQ FT, City of Elkton, Brookings Co., SD

Terms: 5% non-refundable earnest money deposit due day of sale, balance due on or before September 18th, 2026. Closing fees & title insurance split 50/50 between buyer & seller. 2026 Real estate taxes will be prorated to the date of closing. 2025 RE taxes were $1,498.90. Property is sold as is, where is, without warranties, guarantees, or contingencies of any kind, and sold subject to easements and restrictions, if any. Information contained herein and all statements made are believed accurate but not guaranteed. Possession granted at closing. Utility items and any items are the property transfer with the sale. The sale is sold subject to the approval of seller or representatives of and is sold subject to seller’s confirmation. Broker participation offered. Prospective buyers are encouraged to conduct all due diligence prior to bidding, and contact city or county representatives for questions on uses or practices. Announcements made or posted during the sale take presidency over previously posted materials or statements. The brokerage firm & auctioneers represent the seller in this transaction.