1401 N Main St, Mitchell, SD 57301 (MLS# 20-239)

1401 N Main St, Mitchell, SD 57301

$659,900

Property Type: Commercial Square Footage: 21,400 Status: Closed

Current Price: $659,900 List Date: 12/15/2020 Last Modified: 8/25/2024

Overview

Description

Northstar Plaza is a fantastic commercial real estate investment opportunity at $31 per sq ft, just a fraction of replacement cost for a steel and concrete block building in a great location on N Main St. Surrounded by other retail (US Bank, Thune's Hardware, McDonald's, Burger King, etc.) and near the Mitchell Rec Center. Projected cap rate of 11%. Contact listing agent for financial info.

Listing Details MLS# 20-239

Contract Information

Book Section: Commercial
Begin Date: 2020-07-13
Sold Date: 2021-08-04

Location Tax and Other Information

House Number: 1401
Street Direction Pfx: N
Street Name: Main
Street Suffix: St
State/Province: SD
Postal Code: 57301
County: Davison
Taxes: 4872.18
Tax Year: 2019
Zoning: Commercial

General Property Description

Total Finished SqFt.: 21400
Age: 1960
Realtor.COM Type: Commercial

Miscellaneous

Lease Terms: upon request and NDA
Paved: Yes

Income

Gross Income: $108,900 pro forma
Net Income: $71,960 pro forma

Construction

Exterior Const: Masonary

More Information

Utilities

Air Conditioning: Central
Electric: Separately metered
Gas: Separately metered
Heat Fuel: Natural Gas
Heat Type: Hot Air
Sewer: City
Water: City

Location, Tax and Other Information

Legal: Lots 22 thru 32 and that portion of abandoned Lot H1 abutting Sub IT #7-SW(15), City of Mitchell, Davison County, SD

Foundation

Other: Yes

Property Features

Miscellaneous: Paved Foundation: Other

Listing Office: Mitchell Realty LLC

Last Updated: August - 25 - 2024

Information deemed reliable but not guaranteed.