Schmidt’s Landing Resort on Big Stone Lake
Friday, December 1st at 10:00 am CST
Resort Located at: 48140 Schmidt’s Road –
Big Stone City, SD 57216
Directions: From I-29 Exit 213 go East 19 miles on SD-15N, turn left onto SD-109S for 5 miles, turn left onto 482nd Ave. 1 mile.
Auction Location: Big Stone City American Legion – 2 miles East of Big Stone City on US-12.
OPEN HOUSE – Wed. November 15th & Sat., November 18th – Noon – 3pm both days
Legal: Block 1 except the West 10’ lying adjacent to & parallel w/lot 23 & Lot 42 in said Block 1 & Block 2 and Lots 24-25, 47 & 50A-55A in Government Lots 4&5 Schmidt’s Landing in Section 16 in township 122, north of range 47 West of the 5th Principal Meridian, in Roberts County, SD. Taxes: $5,442.67
Here’s an opportunity of a lifetime to buy a turn-key successful and profitable resort on a thriving lake! Schmidt’s Landing has been a focal point on Big Stone Lake for decades and has been owned and operated by Jim & Donna Gregory since 1994. Due to health reasons and retirement, the Gregory’s have decided to sell the resort at public auction. Located on Big Stone Lake in northeast South Dakota on the border with Minnesota, this property sits on 16.5± acres of which 5.89 acres are being actively used for the resort and features 680 feet of fully developed lakeshore. It currently operates as a full service, family oriented resort. Services offered include: 14 lakeside suites (total remodel completed in 2011 with new flooring, water and gas lines, “smart lap” siding, Anderson windows, architectural shingles, huge new patio area and more), 10 full service RV pads, general campground with 9 ~20/30 amp service pedestals, boat/motor rental, fully stocked C-Store with on-off sale malt beverage license, private boat ramp, large kids playground, beach/swimming area & more! There is over 10-acres currently unused and has the potential to take on several more camp sites and with rural water running through the area!
There is also a bait/fish cleaning house, four stall garage/shop, store/office building constructed in 2000, and a pole barn. The owner’s living quarters is a 2 story, 2300 sq. ft. home built in 2000 and features 4 bedrooms, 3 bathrooms, open kitchen/dining area, living room and family room. Home also has a full unfinished basement that could easily house more living quarters or adds additional storage. Tons of resort equipment included: (2) 16’ Crestliner fishing boats w/trailers; 20’ Weres Pontoon w/trailer; (7) docks; (3) kayaks; (3) boat lifts; tons of picnic tables & grills; numerous office & C-store items; fully furnished suites & so much more! Check the website for a full list of personal property items that go with the sale of the property.
This resort sits on Big Stone Lake which is 12,610 acres and has 62 miles miles of shoreline! The lake is home to over 30 species of fish including: Walley, Northern Pike, Largemouth Bass, Bluegill, White & Black Crappie, Channel Catfish, Sunfish and is home to some of the best Yellow Perch fishing in all of South Dakota! In the last few years, the DNR has also been stocking the lake with Lake Sturgeon. This area is also very abundant in wildlife and offers excellent pheasant, waterfowl & deer hunting opportunities.
For a full sales packet including income projections, lake information, full equipment list, maps and more – visit www.GirardAuction.com or contact the auction company.
The resort is located just 10 minutes from Big Stone City, SD, 15 minutes to Ortonville, MN, 20 minutes from Milbank, SD and just an hour from Watertown, SD. Also, only sits 130 miles from Fargo, ND; 140 miles from Sioux Falls, SD and 190 miles from Minneapolis, MN. This resort sits in the heart of a very dense population of avid outdoor enthusiasts!
This is a rare opportunity for someone to purchase a living, breathing, thriving business with great potential for future growth; while maintaining an active outdoors lifestyle!
Live Internet Bidding Available through www.GirardBid.com.
Financing available for qualified buyers at First Bank & Trust of Milbank, SD. Call Steve Wenzel at (605) 432-5111 for more information.
Terms: $100,000 nonrefundable down payment due day of auction with balance on closing date of Feb. 1, 2018. Chad Nelson of Nelson Law Office in Milbank, SD will be acting as the closing agent. Title Insurance and Closing costs will be split 50/50 between buyer and seller. Possession on closing. Taxes are prorated to day of auction. Auctioneers are acting as agents for the seller.
For information on Big Stone Lake & Recent Fishing Surveys – CLICK HERE
For a Full List of all Personal Property & More Info on the Grounds - CLICK HERE
For Schmidt’s Landing Resort Website – CLICK HERE
For Several More Photos of Schmidt’s Landing – CLICK HERE
Jim & Donna Gregory - Owners
Girard Auction & Land Brokers, Inc.
Toll Free: 1-866-531-6186
in CONJUNCTION with
drone aerial photos
home & c-store
suites & campground
big fish tales!