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1603 N Broadway Ave 4,000 SF Industrial Building Miller, SD 57362 $552,000 ($138/SF)



INVESTMENT HIGHLIGHTS
- Located just outside of city limits at the intersection of SD Highway 45 & SD Highway 14 - prime location with excellent access and visability
- Three large overhead doors provide convenient access: 13' x 12' (east), 12' x 12' (west), and 18' x 12' (south), along with two walk-through doors
- The metal roof was improved in the summer of 2024 with new ice skids and gutters
- 32' x 80' insulated finished and heated pull-through shop is designed for efficiency and functionality
- Lighting has been upgraded with new LED and metal-halide fixtures
- The property also includes a 30' x 45' Quonset, currently used for cold storage
EXECUTIVE SUMMARY
Opportunity knocks just outside of city limits at the intersection of SD Hwy 45 & SD Hwy 14--a prime location with excellent access & visibility! This versatile 2.58-acre commercial property is ready for your business--whether you're looking for a turnkey shop space, storage, or expansion opportunities, this property has the infrastructure to support a variety of commercial uses. The 32' x 80' insulated, finished, and heated pull-through shop is designed for efficiency & functionality. Originally built in 1963, the west half was added in 2004, along with an updated electrical system & the bathroom with a shower. The building features propane heat, while the bathroom has an electric wall heater. Three large overhead doors provide convenient access: 13' x 12' (east), 12' x 12' (west), and 18' x 12' (south), along with two walk-through doors. Lighting has been upgraded with newer LED & metal-halide fixtures, the metal roof was improved in the summer of 2024 with new ice skids & gutters, & the west half of the building has a large floor drain. The property also includes a 30' x 45' Quonset, currently used for cold storage. This structure features a 12' x 12' automatic overhead door on the west side & a new walk-through door on the east side. It has a half-bath, which was winterized 10 years ago & the water heater was shut off. With the addition of a new furnace, it may be possible to restore heat & full bathroom functionality. The property offers 3 RV hookups with water, electricity, and sewer drains connected to the septic system. (All sewer lines on the property drain to the septic tank.) Additionally, the main building presents extra 30-amp and 50-amp exterior electric hookups. Dirt piles and personal property will be removed before closing. With easy highway access; plenty of space for maneuvering vehicles, trailers, or equipment; storage; and room to grow--don't delay--make a showing appointment today! **Property is currently in a lease agreement that will expire June 30, 2026. Lessee has First Right of Refusal.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
|
$9.99
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TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $552,000 | Rentable Building Area | 4,000 SF |
| Price Per SF | $138 | No. Stories | 1 |
| Sale Type | Owner User | Year Built/Renovated | 1963/2004 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 2.58 AC | ||
| Zoning | C - Commercial | ||
| Price | $552,000 |
| Price Per SF | $138 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 2.58 AC |
| Rentable Building Area | 4,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2004 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | C - Commercial |
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 6826 | Improvements Assessment | $29,550 |
| Land Assessment | $25,476 | Total Assessment | $55,026 |
PROPERTY TAXES
Parcel Number
6826
Land Assessment
$25,476
Improvements Assessment
$29,550
Total Assessment
$55,026
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1603 N Broadway Ave
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