Reinicke – Lakeside Acreage Auction

One Story Home with a Nearly New Addition and Overlooking Lake Herman and Located on Territorial Road on the East Side of Lake Herman at Madison, SD This Property has an owned Lakeside Access to Lake Herman on the West Side of Territorial Road in Sorensen’s Subdivision Situated between Territorial Road & Lake Herman with The Residence and Outbuildings being Situated Between Territorial Road and Prairie Village and Personal Property including Vehicles, Shop Items & Tools, Yard & Garden Items, Antiques & Collectibles, Household & More! WEDNESDAY JUNE 10, 2026 SALE TIMES: Real Estate at 6:00 PM OPEN HOUSE DATES: Sunday May 31st from 1:00-3:00 PM And Wednesday June 3rd from 5:00-7:00 PM or Shown by Appointment Arranged with the Auctioneers This auction presents the rare opportunity to purchase a bit of a “fixer upper” property with a very good location and view overlooking Lake Herman. The main level features a 3 seasons/sunroom addition with large windows providing a great view overlooking Lake Herman, a finished pine ceiling, 2 ceiling fans, brick fireplace (appears to not be in use) and a wall mount AC unit and also has an exterior south walk door to a concrete stair & handicapped accessible ramp; and an interior door between the addition and the kitchen – furthermore, the wall between the kitchen and the addition has 3 full length windows that provide year around views of the lake and abundant natural light; additionally the main floor of the home has a kitchen w/dining area – the kitchen has an island with a sink, counter and snack bar, also there is a set of base cabinets along the south wall, along with a GE stove and Frigidaire refrigerator (Note – The upper cabinets have been removed); the dining area has a stone-faced fireplace and a closet w/shelves and an adjacent living room with a ceiling fan & 3 full length windows overlooking the lake; additionally, the main floor has two bedrooms w/ceiling fans & closets; an office; a full bath w/+/-4’10” step-in shower, a urinal, stool, 36” high vanity w/sink and a floor to ceiling double door linen cabinet; a hallway w/laundry area inclusive of a Hotpoint washer & dryer, linen closet and a storage cabinet; and a side entry which accesses the garage and the stairwell to the basement. The home has a full basement with a concrete lock foundation under the entire home and the addition; with the basement comprised primarily of 4 rooms – including the room under the new addition with an egress window; a center room with painted walls; a northwest room with an egress window, painted walls and finished ceiling; a northeast room w/painted walls, closet and egress window; a ¾ bath w/shower; and a laundry/utility/storage room w/ample built-in storage shelves, Speed Queen washer & dryer, a Payne natural gas furnace w/central AC unit, American 50 gal. elec. HW heater and a 100 amp breaker elec. service. The home has an attached double garage w/Weathermaker gas furnace work bench & 2 – overhead doors with openers and a walk door to a rear addition with a one stall garage w/OH door and an enclosed patio/storage area. The exterior of the home has mostly a tar & gravel roof, rubber roof on the new addition and steel clad on the garage and other additions. Other improvements on the property include a nice shop/storage bldg. (approx. 24’x30’ with a 9’wx10’h insulated overhead door w/elec. opener, walk door and has an insulated & sheetrocked lined interior, some interior cabinetry & shelving, a furnace (may or maynot be operational) and has a colored steel exterior, as well as some other incidental improvements, trees, landscaping, etc. The purchase of this property comes with a small parcel of land providing private lake access that has approx. 122’ of frontage on Lake Herman – lying on the west side of Territorial Road. A property with all of the amenities that are encompassed in this property is extremely rare and this auction provides the opportunity to purchase a property with a home that has a great deal of potential, ancillary buildings that provide a combination of utilizations – including shop, garage space for lawn equipment and vehicle storage and other suitable utilizations. Come take a look for yourself and see the potential and all that this property has to offer! ABBREVIATED LEGAL DESC.: For the Parcel w/the Residence & Improvements Lying East of Territorial Road – All of Lot 3 and the N. 41’ of Lot 4 of Nelson’s Park Add’n. in the NE¼; and the N. 41’ of Lot 2 of Sorenson’s Second Re-Subdivision in the NE¼; all in Sec. 10, T 106N., R. 53W., (Herman Twp.), Lake County, SD; For the Parcel Lying West of Territorial Road – All of Lot 28 and the N. 41 feet of Lot 29 of Sorenson’s Re-Subdivision of Lot 5 and 26 of Nelson’s Park and Plat of that Portion of Gov’t. Lot 1 in Sec. 10 and Gov’t. Lot 4 in Sec. 11 – Lying between Platted Highway and Nelson’s Park and Lake Herman, Lake County, SD, According to the Recorded Plat Thereof. TERMS: Cash – A 10% nonrefundable earnest money payment on sale day with balance on or before July 29, 2026. A Personal Representative’s Deed will be conveyed and a title insurance policy will be provided with the cost of Owner’s Policy and Closing Agent’s Fees (Weber Abstract & Title), to be divided 50/50 between the buyer and seller. The 2025 Real Estate taxes payable in 2026 in the amount of $3,704.88 will be paid by the estate and based on that amount the 2026 RE taxes will be prorated to the date of closing. This property is sold exempt of a Sellers Property Condition Statement and is sold in “AS IS Condition” with no contingencies whatsoever, and subject to any existing easements, restrictions, reservations or highways of record, if any. This property has recently been surveyed and has had a survey drawing prepared and the property boundaries established by Midwest Land Surveying, Inc., with the survey costs paid by the estate. The RE Licensees/Auctioneers are acting solely as agents for the sellers. Sold subject to confirmation of the Personal Representative. For additional information contact the auctioneers . BROKER PARTICIPATION WELCOME – A 2% Commission is Available to a licensed RE Broker that represents a successful purchaser of the property and that complies with the criteria for Broker Participation – Brokers Must Register their Prospective Buyers and Submit an Opening Bid Deemed Worthy of Consideration/Participation at the Discretion of the Auctioneer Prior to the Day of the Auction; to Obtain Information Pertaining to Broker Participation Contact Sutton Auction.