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1113 Sherman St

Sturgis, SD 57785
  • $675,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 156040
UPDATED: 99 min ago
$675,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,550
    SQFT
  • $122
    $/SQFT
Neighborhood:
Type:
Commercial

School Ratings & Info

Description

4 monthly residential rentals on second floor. Two 2 bedroom apts., and two one bedroom apts. 2 BR apt. lease ends on July 31, 2022. The other 2 BR apt. lease ends June 1, 2022. 1 BR apt. lease ends on May 1, 2022. The other 1 BR lease ends on Feb 1, 2022. There is a commercial tenant on the first floor. That lease end June 1, 2024. There is ample space to add 3 additional apts. on the first floor (in addition to the commercial renter). The highest and best use in my opinion is to lease the building as nightly rentals. All existing apartments have kitchens, which brings a premium during the Rally. On the first floor it is possible to convert on of the nightly rentals into an apt. with 3 bedrooms and add a kitchen. All 2 or 3 additional apts. on the first floor would have lockable access to the 3 BR with kitchen for a larger group that wants to share a kitchen yet have separate sleeping areas. The building is well-constructed an in good shape.

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© 2021 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. Data last updated: 2021-10-26T13:16:19.027.
www.buyandsellblackhills.com/homes/121118223
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1113 Sherman St Sturgis, SD 57785

  • Price: $675,000
  • Status: Active
  • Updated: 99 min ago
  • MLS #: 156040
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,550
SQFT
$122
$/SQFT
Neighborhood:
Northern Hills
Area:
Northern Hills
Property Description
4 monthly residential rentals on second floor. Two 2 bedroom apts., and two one bedroom apts. 2 BR apt. lease ends on July 31, 2022. The other 2 BR apt. lease ends June 1, 2022. 1 BR apt. lease ends on May 1, 2022. The other 1 BR lease ends on Feb 1, 2022. There is a commercial tenant on the first floor. That lease end June 1, 2024. There is ample space to add 3 additional apts. on the first floor (in addition to the commercial renter). The highest and best use in my opinion is to lease the building as nightly rentals. All existing apartments have kitchens, which brings a premium during the Rally. On the first floor it is possible to convert on of the nightly rentals into an apt. with 3 bedrooms and add a kitchen. All 2 or 3 additional apts. on the first floor would have lockable access to the 3 BR with kitchen for a larger group that wants to share a kitchen yet have separate sleeping areas. The building is well-constructed an in good shape.
Exterior Features

Construction Wood Frame Exterior Walls Brick Parking Concrete/Off-StreetOn-Street Road Frontage City/County Roofing Rubber View City

Interior Features

Basement None Cooling Central Flooring Carpet Interior Walls Sheetrock

Property Features

Auction YN No Building Use OfficeOther Commercial Type Other Leased 50-75% Meters Separate Owner Paid Expenses InsuranceMaintenanceTaxes Physical Condition GoodNormal Quality AverageGood Sale Or Lease Sale/Lease Services City SewerCity WaterElectricityNatural Gas

© 2021 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Jeff Anderson of Keller Williams Realty Black Hills.


© 2021 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. Data last updated: 2021-10-26T13:16:19.027.
 
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Spearfish SD, 57783