USASDSpearfishOriginal Town230 N Main St
230 N Main St, Home with 0 bedrooms, 0 bathrooms and null parking in Spearfish SD | Image 1
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$2,200,000

230 N Main St, Spearfish, SD

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 8685 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 350
Approx. Age 
Avg. Price Per Sqft $253
MLS® Number 170022

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This 31-unit apartment complex is located on Main Street in the heart of Spearfish, SD. The property includes 4 separate buildings that are situated on 4 city lots with a total land area of .64 acres and 8, 685 square feet of finished space. Current rental rates range from $625-$850/month with a gross monthly rental income potential of $22, 375 ($268, 500 annual) at 100% capacity. The owner pays for electricity, gas, city water and city sewer. This is one of the few pet-friendly complexes in Spearfish, which has created strong demand for the units. With the exception of the 824 square foot, 1 bed, 1 bath manager’s suite and office, 30 of the 31 units are studio apartments. There is a large laundry room generating additional income. With more than 1/2 acre of land and 200 feet of frontage on the main corridor through Spearfish, the value of this property will continue to appreciate overtime and the commercial uses will remain endless.Show Description
MLS® Number170022
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas
A/CWindow/Wall
Heating Fuel

Extras

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