Cutting mine land
360 Acres
$4,100,000
Lead, SD
Property Description
This offering presents a unique opportunity to purchase one of the largest privately held tracts in and around the City of Lead. Included are numerous mining claims, flowing wells, live water creeks, AND the historic Cutting Gold Mine is on the property! Owned by Black Hills Power, Inc. since 1957 and offered for the first time in nearly 70 years!
On the outskirts of Lead SD, these 360 acres offer remarkable access, timber, and live water. PLUS, the historic Cutting Gold Mine and mining claims included date back to the late 1800’s!
Acreage: 360+/- Acres
Contact: Tyson Hewitt: (605) 206-0034 | Tanner Hewitt: (605) 490-7952 | JD Hewitt: (605) 347-1100
Property Location
Property Location: This property is located within and adjacent to the western boundary of the City of Lead, SD
Property Directions: On the north edge of Lead, on US HWY 14A, take Cutting Mine Rd west approximately .4mi to the property, Or from the top, at the intersection of HWY 14A and 1st St, take 1st St west to Mountain View and follow Mountain View to the end. Property will be to the north.
Locale
The nearest town to the Cutting Mine Property is Lead, SD nestled in the northern Black Hills. Lead’s population is approximately 3,000. Though small, the community boasts a heavy tourist industry, rooted in the region’s historical gold mining industry of the 1800’s. There is shopping, fine and casual dining and sightseeing of the many local attractions. Lead is currently the home of Sanford Underground Research Facility that draws worldwide attention. Four miles up the road is historical Deadwood, South Dakota, home of legendary figures, historical shootouts and gaming halls!
The Black Hills is home to multiple natural beauties and attractions including Mount Rushmore, Custer State Park, Black Elk Peak, Sylvan Lake and many more. The area offers many recreational opportunities including: hiking, fishing, hunting, ATV riding, golfing and during the winter months snowmobiling and skiing.
Rapid City is located 45 miles southeast of Lead. Air services are found in the nearby towns of Spearfish and Sturgis. Regional flight services are available within an hour drive at Rapid City Regional Airport with direct flights to over twenty major markets.
Topography
The property is timbered and rugged with many aspen filled draws. Deadwood Creek makes the north boundary along much of the property.
Soils
Grizzly-Mineshaft complex, 40 to 80 percent slopes (227 Ac.) Pactola-Buska channery silt loams, 20 to 60 percent slopes (166 Ac).
Water
There are major water resources on the property, including flowing wells, creeks and springs. City water is available from the upper end.
Access
The property is easily accessed off US Hwy 14A on the north edge of the City of Lead and is flanked by the Deadwood Creek Rd along the north boundary.
Improvements
The property is largely unimproved, save an existing block building connected to the Cutting Mine. Remnants of the Mine structures are still visible on the property.
Operation
The property has not been in production in recent years.
Wildlife
Whitetail deer are the most prominent wildlife on the property and can be seen in abundance. Other species include, coyote, bobcat, raptors and others common to the region.
Utilities
There is 3-phase and single-phase power located on the premises. (The transmission lines crossing the property will not be available as service lines).
Easements
Black Hills Power, Inc. will retain a 50’ Electric Overhead/Underground Easement (25’ from the centerline) along the existing transmission and power lines. See Easement documents in Bidding Packet.
Taxes
The real estate taxes are currently assessed centrally and will be re-assessed upon transfer of title.
Contact Us
Tanner Hewitt, Broker Associate: Rapid City, SD Office, (605) 490-7952
Tyson Hewitt, Broker Associate: Rapid City, SD Office, (605) 206-0034
JD Hewitt, Managing Broker: Rapid City, SD Office, (605) 347-1100
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The information provided by Hewitt Land Company has been obtained from sources deemed to be reliable, but is not guaranteed or warranted by Hewitt Land Company or the sellers of these properties. It is the responsibility of the prospective buyer to independently confirm the accuracy and completeness of this information. Prospective buyers and advisors are encouraged to do their own due diligence in regard to tax, financial and legal matters, and to determine the suitability of a specific property to the buyer's needs. This offering is subject to errors, omissions, prior sale, price change, correction or withdrawal from the market without notice. All references are approximate. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. Sellers reserve the right to accept or reject any and all offers without liability to any buyer or cooperating broker. Fences may or may not be located along property borders.