400 N Main, Mitchell, SD 57301 (MLS# 11-167)

400 N Main, Mitchell, SD 57301

$690,000

Property Type: Commercial Status: Closed

Current Price: $690,000 List Date: 2/08/2013 Last Modified: 8/25/2024

Overview

Description

This excellent commercial property has 17 updated apartments with an occupancy rate of 98%. There are 12 one bed., 4 two bed. and 1 effic.units included with a projected 2012 cap rate of 16.97. The commercial area available for lease had an 87% occupancy rate for 2010. Building has many updates with includes new heating system, water heater, outside brick facing and new roof just to mention a fe

Listing Details MLS# 11-167

Contract Information

Book Section: Commercial
Begin Date: 2011-05-02
Sold Date: 2013-04-29

Location Tax and Other Information

House Number: 400
Street Direction Pfx: N
Street Name: Main
State/Province: SD
Postal Code: 57301
County: Davison
Taxes: 2314.96
Tax Year: 2010

General Property Description

Age: 1940
Realtor.COM Type: Commercial

Miscellaneous

Insurance $: 5,266.00
Lease Terms: 9 or 12 month
Parking Space: Public Parking

Construction

Exterior Const: Brick
Foundation (historical): Block
Roof: Membrane

Utilities

Heat Fuel: Natural Gas
Heat Type: Hot Water
Sewer: City
Water: City

More Information

Location, Tax and Other Information

Legal: Lots 5 thru 9, Blk.110, Lawlers First Add.

Documents

Projections for Year 2011 ›

Listing Office: Mitchell Realty LLC

Last Updated: August - 25 - 2024

Information deemed reliable but not guaranteed.