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Pennington County declares downtown bank building surplus; South Dakota School of Mines expresses interest
Summary
The Pennington County Board of Commissioners voted to declare the county-owned former First Interstate Bank at 14 Saint Joseph Street surplus and to file an independent appraisal, after presentations about potential sale terms and interest from the South Dakota School of Mines.
The Pennington County Board of Commissioners on Sept. 29 declared the county-owned building at 14 Saint Joseph Street — the former First Interstate Bank — surplus and adopted an independent appraisal to be filed with the county auditor, clearing the way to begin negotiations on a possible sale.
Why it matters: The county bought the building in February 2023 and has since spent nearly $1 million on improvements; commissioners said selling the property could reduce the county's operational footprint and remove annual operating costs, while the South Dakota School of Mines described potential community benefits if it or a partner acquires the building.
The board's action: Commissioners voted to declare the property surplus and adopt the independent appraisal by Simpson & Associates dated 08/20/2025; the motion carried. The motion was stated on the record under SDCL 6-13-1…
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