$100,000

Historic Downtown Building in Gayville, South Dakota The Gayville Music Hall & Apartment AT ONLINE AUCTION! Wednesday, November 18th at 7:00pm This will be the very first lot of the online only auction that will take place with all the personal property from inside the building. This will give the new buyer of the building a chance to buy anything that they would maybe plan to keep in the facility! OPENING BID OF $100,000 MEETS RESERVE! NO BUYER'S PREMIUM ON THE REAL ESTATE Open House: Tuesday, November 10th 4-6pm. This will be for the Real Estate & Personal Property Located: 504 Washington St., Gayville, SD (Main Street) Legal Desc: (2-Legals) N54'S75' Lots 1, 2 & 3 Blk 3 AND S20'2" Lots 1,2 & 3 & Strip 20' Wide South of Lots 1 & 2 Blk 3 - Original Town of Gayville, Yankton County, SD - Taxes: $528.32. This unique mixed-use property featuring the well-known Gayville Music Hall and a spacious two-bedroom apartment could be yours! Live and work in the same location or start a business & rent the apartment for additional income. Over 7,300 Sq. Ft. of usable space! 5-Bathrooms in the commercial spot. The possibilities are really quite endless as to what you can do with a space of this size! Use it for one main business or entity OR divide it out and put multiple businesses in! Apartment Details: The rear apartment offers a rustic Black Hills spruce interior with cabin-style charm, featuring a large kitchen, living room, two bedrooms, full bath, and utility room with washer/dryer. Currently rented at $750/month plus utilities, with the lease converting to month-to-month after August 31, 2026. Utilities are separately metered from the commercial space. Music Hall Details: The commercial portion was home to the historic Gayville Music Hall, operating since 2001 with 25 seasons and nearly 300 live shows. They had their final show on Saturday, Oct. 24th. This historic building, originally the Bagstad & Aaseth Building, dates back to the 1870s and was originally home to Gayville's longtime grocery store and post office. Rich local history and endless possibilities for entertainment, retail, event space, restaurant, studio, or mixed-use redevelopment. Gayville is located just minutes from both Yankton & Vermillion; and an easy drive from Sioux City and Sioux Falls! TERMS: $10,000 non-refundable down payment due within 24-hours of the close of the auction, with the balance due at closing. Closing on or before December 18, 2026. Possession at closing. Title insurance and closing costs will be split 50/50 between buyer and seller. Yankton County Title Co. will serve as closing company.