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

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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 - -
Operating Expenses - -

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
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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6826
Land Assessment
$25,476
Improvements Assessment
$29,550
Total Assessment
$55,026
  • Listing ID: 35190011

  • Date on Market: 3/19/2025

  • Last Updated:

  • Address: 1603 N Broadway Ave, Miller, SD 57362

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