118 +/- Acre Land Auction, Watertown, SD

October 8, 2026 10:00 am

Pelican Twp., Codington Co., SD

Directions

From Watertown on Hwy. 212, 2 miles West on Hwy. 212, then 1 mile south on 42nd St. SW, & ½ a mile west on 20th Ave. SW (173rd Ave.). Or from the Intersection of Hwy. 212 & Co Rd. 17, ½ a mile south

Auctioneer Notes

This sale presents the opportunity for quality bare farmland overlooking Pelican Lake, & also just minutes to Watertown & Lake Kampeska! The land is also near many newer residential developments and other beautiful acreage sites too. Don’t miss this excellent sale, come prepared to buy, and no buyer’s premium!

Overview

This farm has a prime location that offers something for everyone. This all-tillable farm features gently laying topography, great eye appeal, paved road access on the west, and good access along the south. The farm is located just one mile south of Highway 212 and only half a mile from Lake Pelican. Only a few minutes from Watertown, the property is conveniently located near other residential developments and newer residential acreages, and boasts views of the lake too. According to the FSA Office & Surety Maps, the farm has 115.03 DCP Cropland Acres and a soil rating of 60.1, primarily comprised of Estelline-Kampeska Silt Loam soils, a Class II-rated soil. The farm currently has a strong corn crop and offers an excellent opportunity to acquire a row crop farm in a highly desirable area. This sale also offers the opportunity to bid on and purchase the entire 118 +/- acre property, as well as the ability to bid on and purchase two smaller 59 +/- acre parcels, offered as the East ½ and West ½. Whether you are looking for a strong farm to add to your operation or an excellent investment or developmental property, don’t miss this sale!

Description

The S 1,947 ft of the SW ¼ of Sec.4, T-116-N, R-53-W, Codington County, SD, 118 +/- Acres

Terms

A 10% non-refundable earnest money deposit due day of sale; balance due on or before November 20th, 2026. Closing fees & title insurance split 50/50 between buyer & sellers. The property is leased for the 2026 crop year, expiring at the end of this current crop year. The buyers will be responsible for the 2027 real estate taxes payable in 2028. This property is sold subject to easements and restrictions, if any, and is sold subject to confirmation of owners. The farm is offered as is, where is, without warrantees or guarantees of any kind and sold by the acre per recorded deeded acres. The information contained herein and all statements made are believed accurate but not guaranteed. Statements made the day of the sale take precedence over all previously written material. Sellers do not guarantee fences lie on the true boundaries. New fencing if any, is the buyer’s responsibility. The buyers are responsible to conduct their own due diligence for current or future uses and practices, and are encouraged to speak with county officials for information regarding future improvements or developments, if any. The land will be offered as a unit or in two individual tracts as the East 1/2 and West 1/2. The West 1/2 will be Tract 1A and the East 1/2 will be Tract 1B. Preliminary title work will be provided prior to the sale. All bids placed are binding, and successful buyer(s) will enter into purchase agreements and initial earnest money deposit(s) accordingly after the sale. Buyers or sellers may elect to do a 1031 exchange. The auctioneers and brokerage firm represent the seller in this transaction.

Owner

DIAMOND M1 LLC & SDSU ALUMNI & FOUNDATION

Additional Information

Burlage Peterson Auctioneers & Realtors, LLC Land Brokers - Auctioneers - Realtors - Farm Managers Office@burlagepeterson.com or 605-692-7102 Brookings - Watertown - De Smet / burlagepeterson.com Mike Bergh, Bergh & Owen Auction Service, 605-881-1652