117641 Red Iron Ave, Lake City, SD 57247

A-frame cabin on Red Iron Lake - Lake City, SD. On leased land approximately 100 x 150 lot. The cabin has a 22 x 10 lakeside deck, mature trees with a flat yard area. The main floor of the cabin is 792 square feet with 1 bedroom, bathroom, kitchen, and living room area with a stone fireplace. The loft area has 200 square feet of space with 1 bedroom and bonus area. The property also has an 8 x 10 storage shed, dock included, private septic and community well. The current 10-year lease goes through September 30, 2029. A new lease will be negotiated at the lease renewal period. The 2024 rent was $3,719.01 with CAM/HOA of $377.86 for a total of $4096.87. CAM/HOA includes well expense, garbage service, electricity for well, liability insurance for the LLC, incidental road maintenance. 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.