Description |
<b>Entire Unit</b> Building & Commercial Lot
MAJOR RAPID CITY – BLACK HILLS OF SOUTH DAKOTA COMMERCIAL REAL ESTATE
Located at 620 East Disk Drive, Rapid City SD
-Features: Prime 7.2 Acre Commercial Property just off I-90 Exit 59 with curb/gutter, utilities on site or available.
-54,000+- sq. ft. Class S multi-use building w/ partial interior finish for large scale indoor water park, 60’+- ceiling height.
-Excellent high traffic location in an established heavy retail, restaurant and motel corridor at North LaCrosse St. & E Mall Drive. The area is thriving with new Hotels, auto dealerships, 2 major Malls, Cabela’s, Ramkota convention center and more. The structure is highly visible from I-90.
-Zoned General Commercial, the property is suitable for any number of retail, storage, entertainment, or other uses.
"Bidder Information Packet" Posted <mark><a href="https://drive.google.com/file/d/1PxVyE_gJPmMuJAT5N6ELiWFf6s_a5UXm/view?usp=sharing" target="_blank" title="Click to view Info Packet"><font color="black">Click Here To View The Bidder Information Packet With Sample Purchase Agreement</font></a></mark>
<mark>METHOD OF SALE</mark>
<b>The following procedure will be used to determine the new owner(s) of the proposed “Rippin Rapid Water Park Resort" located in Rapid City, SD.</b>
Please read the following procedure carefully, the Auctioneers - Brokers will answer any questions you may have prior to the opening bid.
<mark>Note: You will need Adobe Flash Player installed on your device to receive the live Video/Audio feed. Hot all devices support Adobe Flash Player (some tablets, cell phones, ect.) You will still be able to bid, but will not receive live Video/Audio.</mark>
<ol><li>To become a qualified online bidder you will need to open a HiBid user account & register for the auction. An email address & credit card required for registration.</li>
<li>Property will be offered as follows: Please refer to the Video Window listing tract numbers, $ per tract bid, total bid, running total, bidder #, and Status column noting "Hold" or "Sold" throughout the course of the auction.</li><li>
</li><li>After opening statements and any questions the Auctioneer will ask for opening bids in the following order and manner: <b>Entire Unit</b> (Real Estate & Structure) Offered as a TOTAL AMOUNT. Auctioneers will calculate the total bid and place your bidder number in the appropriate column.</li>
<li>Auctioneer will then ask for opening bids on individual <b>Tract 1</b> (Real Estate only). Auctioneers will then ask for bids on the remaining <b>Tract 2</b> (Structure Salvage Tract). All bids taken will be in total dollars per tract. Auctioneers will calculate the total bid and place your bidder number in the appropriate columns.</li>
<li>Property will be offered individually and as an entire unit until no further bids are received one way or the other. *Multiple rounds of bidding may occur. If and when the property is offered, either individually or as a unit, without establishing an overall amount greater than the current high bid, the property will not be offered in that manner again.</li>
<li>Your competitive bidding, not the auctioneers, determine how many rounds will be held to determine the sale price and owner(s).</li>
<li><b>Property Sold Subject only to Seller Confirmation!</b></li></ol>
<u>NOTE:</u> In the event bidding occurs on the entire unit, individual tract bidders will be given the opportunity to advance their own bids in an attempt to achieve an overall amount greater than the entire unit bid.
***Buyer is aware that no personal property is included with this transaction. Personal Property will be sold at the advertised online only Industrial Liquidation Auction scheduled to close on August 15, 2018 beginning at 10AM.
<mark>This is a multi-parcel auction. Online bidding may potentially be re-opened numerous times on each individual tract and on the entire unit before the final price is determined. As an online bidder, it is important to understand this method of sale and to closely follow the updated prices of each tract and the entire unit as the auction progresses.</mark>
<mark>The online bidding platform does not save internet bidder information when a lot is reopened. This information will be provided to internet bidders via the live “Video/Audio?u009D and through the chat window. If a lot is reopened and an internet bidder had the leading bid, the bid will show as a “Floor Bidder?u009D on the bidding site. The auctioneer will announce the leading internet bidders bid number and amount bid, and the internet bidders bid number and amount bid will be posted on the chat screen.</mark>
<mark>Please do not attempt to bid via the chat window</mark>
<b>If you have any questions concerning this process, please ask the auction staff.</b>
All unattached industrial material (including attached motors) in and around the property is not included in this auction. Those items will be sold by "Online Auction" method.
<mark><a href="https://bradeenauction.hibid.com/catalog/139437/-rippin-rapids--industrial-liquidation-online-auction/" target="_blank" title="Click to view the industrial liquidation auction"><font color="black"> CLICK HERE</font></a></mark> To view the Industrial Liquidation Online Only Auction selling in conjunction with this real estate.
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