118 E 2nd St - Office FOR SALE


Miller, SD 57362
$500,000 USD
605-321-4284
118 E 2nd St, Miller, SD for Sale
$500,000 USD
Office - FOR SALE
1/9
null | 12.54% Cap Rate

118 E 2nd St
Miller, SD 57362


HIGHLIGHTS

  • Large, overflow parking lot fronts N. Broadway (aka Main Street).
  • Concrete block construction.
  • Quick Sale Price: $400,000 with 14.3% cap rate.
  • All property viewings must be through Broker with at least 2 days notice.

OVERVIEW

Freestanding office property located one block east of N. Broadway in central business district Miller, SD is a county seat town Area neighbors include Hand County Hospital, Miller Schools K-12, Quion Bank, American Bank and Trust, Runnings, Kesslers Grocery. Current Tenant – Government agency for over 48 years with 2 years remaining at $95,000 +/- per year gross, negotiations ongoing for new lease. Historical expense ratio: 40%. Lease and financials upon request.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

12.54%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,462 SF

ZONING

-

APN/PARCEL ID

8020

ASK ABOUT THIS PROPERTY

Steve ShaykettNAI Sioux FallsMore Info
605-321-4284

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Steve ShaykettNAI Sioux FallsMore Info
605-321-4284

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.