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    621 5th St SE

    Watertown, SD 57201
    • $1
    • STATUS: Active
    • ON SITE: 38 days
    • MLS #: 20-775
    UPDATED: 34 min ago
    $1
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 26,537
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Listing provided courtesy of David Kneip of Best Choice Real Estate.

    Description

    TO BE AUCTIONED. Thursday, October 29th, 2020 - 11:00AM Start Time. (Auction on Site) An opportunity to own a business in Watertown. The former Drake Motor Inn sits on US Hwy 81 one block north of the high-traffic intersection of 212/81. This property has it all... The motel has 25+ guest rooms, many of which are currently being leased out, offering the new buyer an income stream upon possession. There is also a banquet hall, restaurant & bar area w/ a lottery room & a full service kitchen. The interior has had many updates, including lighting, floor coverings & room furnishings. The restaurant has also had updates including tables, chairs & booths. 10% Non-refundable earnest money down-payment day of sale, balance due in 30 days or less. (See supplement for additional RE terms)10% Non-refundable earnest money down-payment day of sale, balance due in 30 days or less. No exceptions or buyer contingencies of any kind - have financial arrangements secured prior to bidding. Title insurance & closing agent fees will be split 50/50 between Buyer & Seller. Seller not responsible for any Lender's Policy. Closing Agent: First Dakota Title - Watertown, SD. Property is sold subject to easements, reservations, restrictions, & highways of record, if any. Auctioneers are Real Estate Licensees acting as agents for the sellers in this transaction. Any & all information is deemed to be true, but not guaranteed. Announcements made sale day take precedence over all written materials.

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    © 2020 East Central Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Best Choice Real Estate. Data last updated: 2020-11-28T10:35:48.417.
    www.brookingshomes.com/homes/111192824
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    621 5th St SE Watertown, SD 57201

    • Price: $1
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 20-775
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    26,537
    SQFT
    $0
    $/SQFT
    1947
    Built
    Neighborhood:
    Watertown
    County:
    Codington
    Area:
    Watertown
    Property Description
    TO BE AUCTIONED. Thursday, October 29th, 2020 - 11:00AM Start Time. (Auction on Site) An opportunity to own a business in Watertown. The former Drake Motor Inn sits on US Hwy 81 one block north of the high-traffic intersection of 212/81. This property has it all... The motel has 25+ guest rooms, many of which are currently being leased out, offering the new buyer an income stream upon possession. There is also a banquet hall, restaurant & bar area w/ a lottery room & a full service kitchen. The interior has had many updates, including lighting, floor coverings & room furnishings. The restaurant has also had updates including tables, chairs & booths. 10% Non-refundable earnest money down-payment day of sale, balance due in 30 days or less. (See supplement for additional RE terms)10% Non-refundable earnest money down-payment day of sale, balance due in 30 days or less. No exceptions or buyer contingencies of any kind - have financial arrangements secured prior to bidding. Title insurance & closing agent fees will be split 50/50 between Buyer & Seller. Seller not responsible for any Lender's Policy. Closing Agent: First Dakota Title - Watertown, SD. Property is sold subject to easements, reservations, restrictions, & highways of record, if any. Auctioneers are Real Estate Licensees acting as agents for the sellers in this transaction. Any & all information is deemed to be true, but not guaranteed. Announcements made sale day take precedence over all written materials.
    Exterior Features

    Lot Size 74938 SQ FT

    Property Features

    Tax Year 2020 Taxes 6838.40 Zoning Commercial

    Listing information © 2020 East Central Board of Realtors MLS.


    © 2020 East Central Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Best Choice Real Estate. Data last updated: 2020-11-28T10:35:48.417.
     
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    Best Choice Real Estate
    611 6th Street
    Brookings SD, 57006
    Listing provided courtesy of David Kneip of Best Choice Real Estate.