Large Commercial Building Auction – Former DQ/Subway – 2 Restaurant Spaces Under 1 Roof w/Drive Thru – De Smet, SD

November 3, 2026 10:00 am

207 US Hwy. 14, De Smet, SD 57231

Directions

207 US Hwy. 14 – At the Corner of US Hwy 14 & SD Hwy 25 in De Smet, SD

Auctioneer Notes

FORMER DAIRY QUEEN & SUBWAY – 2 RESTAURANT SPACES UNDER ONE ROOF WITH DRIVE-THRU 2 COMMERCIAL VENT HOODS – WALK-IN COOLERS/FREEZERS ON 1± ACRE – HWY 14 FRONTAGE - IDEAL FOR RESTAURANT, CAFÉ, OR RETAIL ◼️ BIDDING OPENS: Monday, November 2nd, 2026 at 10:00 AM ◼️ BIDDING CLOSES: Tuesday, November 3rd, 2026 at 10:00 AM ◼️ This sale presents an opportunity to purchase a 3,644 sq. ft. commercial building with a working drive-thru on a highly visible 1± acre lot along US Hwy. 14 in De Smet. The seller is highly motivated, and the walk-in coolers and freezers stay with the building. Bring your business idea and don’t miss this opportunity!

Overview

This former Dairy Queen is a single-story, 3,644 sq. ft. building with commercial zoning, a working drive-thru window, walk-in coolers and freezers, and central air, with a layout already set up for food service. The parking lot was seal coated in September 2026, and the 1± acre lot offers room for outdoor seating, added parking, or future expansion. The building's layout, drive-thru, and Hwy 14 visibility offer flexibility for a variety of food service or commercial uses, with buyers responsible for verifying zoning and approvals for their intended use. The sale includes the real estate, walk-in coolers/freezers, & 2 commercial vent hoods only. All other equipment may be available for purchase after the sale. Showings are available upon request. Don't miss this opportunity in De Smet!

Description

N 35’ Lot 1, Lots 3 & 4, Lot A, Blk. 1, N ½ NE ¼ 33-111-56, City of De Smet, Kingsbury Co.

Terms

5% non-refundable earnest money deposit due day of sale, balance due on or before December 2nd, 2026. Closing fees & title insurance split 50/50 between buyer & seller. Real estate taxes will be prorated to the date of closing. The 2025 real estate taxes were $4,978.04. Property is sold as is, where is, without warranties, guarantees, or contingencies of any kind, and sold subject to contracts, easements, and restrictions, if any, and subject to confirmation of owners. Information contained herein and all statements made are believed accurate but not guaranteed. Possession granted at closing. Broker participation offered. Prospective buyers are encouraged to conduct all due diligence prior to bidding. This sale is for the real estate only; the walk-in coolers, freezers, & two commercial vent hoods are included. All other equipment, furnishings, and POS systems may be available for purchase after the sale. Statements made during the auction take precedence over all previously written material. The buyers are responsible for conducting their own due diligence for current or future uses, including zoning, permits, and licensing. Preliminary title work will be available and provided prior to the sale. The successful high bidder will sign the purchase agreement and submit earnest money accordingly upon completion of the auction. Buyers or sellers may elect to do a 1031 exchange. The auctioneers and brokerage firm represent the sellers in this transaction.

Owner

Bluco, INC

Additional Information

LAND BROKERS & AUCTIONEERS Burlage Peterson Auctioneers & Realtors, LLC Auctioneers – Land Brokers – Realtors – Farm Managers Office@burlagepeterson.com or 605-692-7102 Brookings – Watertown – De Smet