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320 S 26th St 9,700 SF 100% Leased Retail Building Spearfish, SD 57783 $1,599,000 ($164.85/SF)
Investment Highlights
- 100% Leased
- Location
- 5 Units
Executive Summary
5-unit commercial building with overhead doors/ shop space/office space 100% Leased
Excellent opportunity to acquire a commercial shop/office building located in Spearfish, South Dakota. This well-maintained property features five commercial units, all currently leased, offering immediate and stable cash flow from day one. Designed for functionality and flexibility, the building includes a mix of shop and office space with overhead doors, making it attractive to a wide range of commercial tenants. The property offers easy access, ample parking, and a convenient layout ideal for service, trade, or professional users. Investors have the rare opportunity to purchase this building individually or in combination with the neighboring storage unit business, creating a larger income-producing portfolio with operational efficiencies and long-term upside. A turnkey, low-maintenance commercial investment in a strong Spearfish location-perfect for investors seeking simple ownership, steady income, and future growth potential.
Excellent opportunity to acquire a commercial shop/office building located in Spearfish, South Dakota. This well-maintained property features five commercial units, all currently leased, offering immediate and stable cash flow from day one. Designed for functionality and flexibility, the building includes a mix of shop and office space with overhead doors, making it attractive to a wide range of commercial tenants. The property offers easy access, ample parking, and a convenient layout ideal for service, trade, or professional users. Investors have the rare opportunity to purchase this building individually or in combination with the neighboring storage unit business, creating a larger income-producing portfolio with operational efficiencies and long-term upside. A turnkey, low-maintenance commercial investment in a strong Spearfish location-perfect for investors seeking simple ownership, steady income, and future growth potential.
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Property Facts Under Contract
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
9,700 SF
Year Built/Renovated
1992/2021
Price
$1,599,000
Price Per SF
$164.85
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.89 AC
Zoning
General Commercial
Amenities
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32460-00000-000-55 | Improvements Assessment | $392,650 |
| Land Assessment | $226,810 | Total Assessment | $619,460 |
Property Taxes
Parcel Number
32460-00000-000-55
Land Assessment
$226,810
Improvements Assessment
$392,650
Total Assessment
$619,460
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