United States Bankruptcy Court for the District of North Dakota
In Re: PARKSIDE PLACE, LLC,
Debtor.
Case No.: 25-30003
Chapter 11
NOTICE OF OPPORTUNITY TO OVERBID FOR PARKSIDE PLACE
TO: ALL CREDITORS AND INTERESTED PARTIES
Red River State Bank (the "Plan Proponent") has proposed a plan in the bankruptcy case of Parkside Place, LLC (Bankr. D.N.D. Case No. 25-30003) that provides for sale of RRSB's real estate collateral, the real property legally described as follows: Parkside Place Addition to the City of Watertown, Codington County, South Dakota according to the recorded plat thereof. Parcel ID: 9358, and commonly known as: 8 2nd Street NE, Watertown, SD 57201 (the "Property").
The Plan Proponent has received an offer to purchase the Property for $4,900,000. Any third party may also bid on the Property, on identical terms (excepting the price term), provided they bid $4,950,000 or more (such a bid, a "Third Party Overbid").
To be valid, a Third Party Overbid must be submitted in the form of a signed copy of the Purchase Agreement delivered to the Plan Proponent and an earnest money deposit equal to 10% of the proposed purchase price ("Earnest Money") must be received by First Dakota Title in Sioux Falls, SD, no later than August 3, 2026.
To request the form of purchase agreement, contact counsel for the Plan Proponent by email to: ktanabe@vogellaw.com. To obtain wire instructions and deposit Earnest Money, contact Nancy Hughes of First Dakota Title via email to: NHughes@TheTitleResourceNetwork.com, or by phone (605) 338-6505. To ensure that a valid Third Party Overbid is timely submitted, you are encouraged to contact counsel and the title company on or before July 31, 2026.
Dated: July 6, 2026.
BY: /s/ Kesha L. Tanabe
Kesha L. Tanabe
ktanabe@vogellaw.com
Caren W. Stanley (#06100)
cstanley@vogellaw.com
VOGEL LAW FIRM
218 NP Avenue
PO Box 1389
Fargo, ND 58107-1389
Telephone: (701) 237-6983
COUNSEL TO PLAN PROPONENT RED RIVER STATE BANK
Published July 14, 21, 28 2026, at the total approximate cost of 84.56 and may be viewed free of charge at www.sdpublicnotices.com
LABD0554588