1111-1113 Sherman St
Sturgis, SD 57785
Office Property For Sale

Commercial Building downtown area of Sturgis, offering substantial income potential. Located just one block south of the world-famous Sturgis Main Street this property features 2500 SF of Office Space on the lower level, and 4 remodeled, separately metered apartments on the 2nd level. The building is in excellent physical condition with new toilets, faucets, paint, carpet, and two water heaters having been replaced within the last year. The roof was re-done in 2018 and comes with a 10-year membrane warranty. On/Off street parking is hard to come by in downtown Sturgis- but that's exactly what you get with this property! There are 2 Commercial office spaces for rent on the Lower Level, 1 @ $1200/mo. & 1 @ $800/mo. or both can be rented as one large unit of 2525 SF. The upper level features 4 Apartment Units consisting of two - 2 Bedroom apartments that each rent for $550 per month, and two - 1 Bedroom apartments that each rent for $475 per month. All gas/electric are metered separately for each unit with water/sewer included in the rent. With the proper updates, the lower level could also be converted into Multi-Family apartments as well. Call me today to schedule a showing and see the potential for yourself. Listed by Casey Raftevold, 605-863-5282, Sturgis Real Estate & Auctions, Inc.