Lyman County, SD Land Auction

Auction Location: Presho Fire Hall, 220 Main Ave, Presho, SD Property Location(s): From Presho, SD: Three miles East – past Dakota Mill – on County Rd 14, 5.5 miles North on 309thAve, Tract 1 is on west side of road. Follow the dirt section line west to Tract 2, along the south border of Tract 1. Signs designate the property. Approximate property corners are marked with orange ribbon. Broker Note: Peterson Land & Auction LLC is pleased to bring these two farming tracts in Lyman County, SD to public auction! Access to the property is very good and less than 10 miles from Presho, SD. Most of the cropland is level to gently rolling and features very good soil productivity ratings! Wheat, Corn, Soybeans, Sunflowers and Milo are all grown in the area. We cannot stress enough, the investment opportunity this auction presents to farm & ranch operations-big or small, investors, outdoor enthusiasts and more! Inspect the property at your convenience from the road along the property boundaries. Come prepared to BUY! Lyman County, SD Land Auction November 7, 2025 - 10:30 am 220 Main Ave - Presho, SD LIVE auction with internet bidding available! Video coming soon! Tract 1 Maps Tract 2 Maps FSA Maps & Data Auction Location: Presho Fire Hall, 220 Main Ave, Presho, SD Property Location(s): From Presho, SD: Three miles East – past Dakota Mill – on County Rd 14, 5.5 miles North on 309thAve, Tract 1 is on west side of road. Follow the dirt section line west to Tract 2, along the south border of Tract 1. Signs designate the property. Approximate property corners are marked with orange ribbon. Broker Note: Peterson Land & Auction LLC is pleased to bring these two farming tracts in Lyman County, SD to public auction! Access to the property is very good and less than 10 miles from Presho, SD. Most of the cropland is level to gently rolling and features very good soil productivity ratings! Wheat, Corn, Soybeans, Sunflowers and Milo are all grown in the area. We cannot stress enough, the investment opportunity this auction presents to farm & ranch operations-big or small, investors, outdoor enthusiasts and more! Inspect the property at your convenience from the road along the property boundaries. Come prepared to BUY! Legal Descriptions: Tract 1: Southeast Quarter (SE 1/4) of Section 7-T106N-R76W of the 5thPM Lyman County, SD. 160 +/- acres. Outstanding, nearly all tillable, easily accessed piece of property that features 156.78 +/- acres under cultivation with the balance in ROW. The entire tract boasts a 70.4 productivity index with 84% of the land in just two soil types! Gravel road access along the east boundary on 309th Ave. Real Estate Taxes: $1182.38 (2024) Tract 2: Southwest Quarter (SW ¼) of Section 7-T106N-R76W of the 5th PM Lyman County, SD. 157.24 +/- acres. This diverse tract comes in with 57.4 +/- acres under cultivation, and the balance of the quarter in forage production. Tract 2 is bordered on the west side by SD School and Public land property. The entire tract features a 52 productivity index. Dirt section-line access along the south boundary. Real Estate Taxes: $722.32 (2024). The property will be sold in two, separate tracts. Owners: Linda Whitney & Sherie Hall Terms: 1. All prospective purchasers that have no prior real estate purchase/business history with Peterson Land & Auction LLC shall be required to submit a letter of credit/guarantee or proof of funds from an FDIC insured lending institution or financial services company prior to being approved to bid. Peterson Land & Auction LLC and the Seller shall have absolute discretion and authority to qualify or not qualify potential bidders. If you have any question as to your ability to bid, contact our office in advance of the auction. 2. Buyer and Seller agree to execute a written purchase agreement at the conclusion of the auction. Non-refundable deposits in the amount of 10% (Fifteen Percent) of the final selling price shall be tendered by the purchaser at time of purchase agreement execution. 3. No Buyer contingencies of any kind are offered, nor will any be accepted. These include but are not limited to financing, appraisal, and inspections. Potential buyers are expected to have their financial arrangements secured prior to bidding. Buyers who are unable to close because of insufficient funds will be in default and the earnest money will be forfeited. 4. Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries, and due diligence concerning the property. Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or any warranty. 5. Property is being sold by legal description only. Property sells in AS-IS condition. 6. Property will be sold subject to confirmation of the seller(s). 7. Closing and possession date shall be on or before December 29, 2025, at Titles of Dakota, Kennebec, SD. The closing fee shall be divided equally between the buyer and seller. Merchantable title shall be conveyed by Warranty Deed. Owners title insurance will be provided with the cost divided equally between buyer and seller. 8. 2025 Real Estate taxes due and payable in 2026 shall be paid by the seller. 2026 taxes and beyond shall be the responsibility of the buyer. 9. Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.