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701 N Main St 2,776 SF 100% Leased Office Building Aberdeen, SD 57401 $291,900 ($105.15/SF)

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INVESTMENT HIGHLIGHTS

  • Current lease in place at $2100 per month plus utilities, lawn & snow.
  • Remodeled bathrooms; new flooring, carpet and paint.
  • Two new AC units, one new furnace, multiple new windows and new insulation.
  • Over $100,000 in improvements.

EXECUTIVE SUMMARY

Nicely updated, unique commercial building with eight off-street private parking spaces. Two new AC units, one new furnace, multiple new windows and new insulation. Remodeled bathrooms; new flooring, carpet and paint. Over $100,000 in improvements. Current lease in place at $2100 per month plus utilities, lawn & snow. Four one year options. Owner pays taxes only. This does not include the business currently leasing the building nor any of their equipment. Convertible to residential if desired. Has 2 -1/2 baths, 1-3/4 bath & 3-5 bedrooms. Listing broker is related to seller. LIMITED SHOWING HOURS, PLEASE CALL FOR AN APPOINTMENT WELL IN ADVANCE.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,776 SF
Building Class
C
Year Built
1909
Price
$291,900
Price Per SF
$105.15
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
925 SF
Building FAR
0.27
Lot Size
0.24 AC
Parking
8 Spaces (2.88 Spaces per 1,000 SF Leased)
  • Listing ID: 33479660

  • Date on Market: 10/10/2024

  • Last Updated:

  • Address: 701 N Main St, Aberdeen, SD 57401

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