Red Iron Lake – 117581 Red Iron Lane $5,000 - SOLD
SOLD. South Red Iron Lake is one of NE South Dakota’s quietest, tree-lined lakes. 1,368 square foot double wide mobile home has 3 bedrooms and 2 bathrooms. It needs work, but great opportunity for a do-it-yourselfer! Bring your offers, this property will be sold as-is.
Buyer owns the cabin and leases the lot, which has 100 +/- feet of frontage. New 15 year lease was recently signed. Lease is $2,810 per year, plus taxes and common area maintenance fees, totaling approximately $4,605 per year. Some amounts have been paid for 2020 already, allowing a new buyer to get on this great lake this summer for a very low cost of entry and very reasonable costs in the years ahead!
Cabins have been on this tribal leased land for over 50 years. Red Iron Lake has great fishing and is one of the quietest lakes in the area, due to limited development around the lake. There are only 14 lots in this development. Easy access from SD Hwy 10.