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


$659,900
1401 N Main St
Mitchell, SD 57301
MLS# 20-239
21400 sqft


1401 N Main St, Mitchell, SD 57301
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Property 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.

Details
Maps
Contract Information
Current Price: $659,900
Book Section: Commercial
Begin Date: 2020-07-13
Status: Active
List Price: $659,900
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
Legal: Lots 22 thru 32 and that portion of abandoned Lot H1 abutting Sub IT #7-SW(15), City of Mitchell, Davison County, SD
Zoning: Commercial
General Property Description
Total SqFt.: 21400
Age: 1960
Realtor.COM Type: Commercial
Lot Size: 275 x 142
Miscellaneous
Lease Terms: upon request and NDA
Income
Gross Income: $108,900 pro forma
Net Income: $71,960 pro forma
Construction
Exterior Const: Masonary
Utilities
Air Conditioning: Central
Electric: Separately metered
Gas: Separately metered
Heat Fuel: Natural Gas
Heat Type: Hot Air
Sewer: City
Water: City
Property Features
Miscellaneous: Paved
Foundation: Other

Listing Office: Mitchell Realty LLC

Last Updated: August - 01 - 2020

Information deemed reliable but not guaranteed.

Tuesday 11th of August 2020 06:34 AM