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21121 438th Avenue, Lake Preston, SD 57249

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For Sale

$1,150,000

5 beds2 baths3 half baths3,200 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $359.38
    Price per square foot

  • 21-30 Years Old
    Age

  • Fireplace
    Heating System

Explore this Property

North Shore Lodging and Campground is a coveted private resort property on Lake Thompson. Located just a few miles south of US-14 and just nine miles from the town of DeSmet, SD, a 12-month fishing season awaits. North Shore Lodging and Campground is a rare find in today's market with private access to Lake Thompson, neighboring State Recreation Area, and stunning views of the spring and fall waterfowl migration in the heart of the Central Flyway. Lake Thompson laps at the shore of the property, inviting anglers, boaters, paddlers and swimmers to enjoy all that lake life has to offer. Extensive landscaping improved and protected the shoreline from erosion, and access from the property to the water's edge is easier for people of all ability levels. Glacial lakes like Lake Thompson have bowl shaped basins, and anglers are lured towards properties like North Shore Lodging and Campground that have good access to deep water and prevailing northwest winds at their back. The maximum lake depth is approximately 22 feet, and there are numerous humps in the basin that provide structure for the fish to relate to. Lake Thompson is managed as a walleye, yellow perch and black crappie fishery; other fish include northern pike and white bass. In addition to an excellent, consistent walleye and large, preferred class yellow perch fishery, Lake Thompson also is an important roost lake for waterfowl during the migration. The abundance and beauty of natural resources at the property are matched by the amenities and comforts of the turn-key lodge and campsites. Inside the lodge, the large dining and great room windows open the indoor spaces to the panoramic views of the lake. Five generous bedrooms and bathrooms provide ample space for family, friends and guests in this private resort. Prepare the catch of the day in the large, well-appointed kitchen or on the patio grill, then enjoy a bonfire on the front lawn overlooking the lake as you watch the sunset. During hard water season, the huge great room is the perfect place to cozy up in front of the gas fireplace and swap stories of the one that got away. The steel roof was replaced in the Spring of 2024 and as well as a new furnace & AC installed in the Fall of 2023. Eleven spacious, landscaped campsites with full hookups including electric, water and sewer provide additional guest space and consistent revenue. Additional Property Details & Options: North Shore Lodging and Campground would be an ideal private retreat and single family residence at lake Thompson. Alternatively, this is an excellent investment property that is currently owner-operated and zoned commercial. The lodge is rented on a nightly basis at a high annual occupancy rate for the remainder of the year, and the campsites are rented for the season with 100% occupancy. Lodge and campsite guests are almost entirely repeat business and referrals, which could transfer to the new owner. The lodge is sited on approximately 1.94ac with approximately 186 feet of lakefront. Two additional adjoining tracts are also available for purchase. Tract 2 provides an additional 75 feet of lakefront and includes a fully outfitted cabin that boasts the same attention to detail and quality as the main lodge. Tract 2 also includes three campsites and a 35-foot fifth-wheel camper, and Tract 2 is offered for an additional $325,000.00 to the purchaser of Tract 1. Tract 3 provides an additional 79 feet of lakefront and includes two campsites and a storage shed for an additional $250,000.00 to the purchaser of Tracts 1 and 2. North Shore Lodging and Campground is the ideal recreation and investment property for hunters and anglers to create a legacy for future generations.
MLS# 11289247

Courtesy Of Whitetail Properties Real Estate, LLC

(217) 285-9000

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Water Front
  • Appliances
    Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Central A/C
  • Exterior Type
    Log Siding
  • Fireplace
    Fireplace
  • Floor Covering
    Hardwood, Tile, Vinyl
  • Heating System
    Fireplace, Forced Air
  • Lot Size
    1.94 Acres
  • Roof Type
    Metal
  • Rooms
    Bedroom, Dining Room, Family Room, Foyer, Full Bath, Half Bath, Living Room
  • View Type
    Lake, Park

Home seller CENTURY 21 Krogman & Company

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Krogman & Company

(605) 692-2100
Learn More About Us

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