Three-Story Mixed-Use
New
For Sale
Contact for pricing
117-123 E 3rd Ave, Mitchell, SD 57301
The property combines apartments, commercial premises, and a separate storage space.
Property Size51,600 SF
Price / SF$19.38
Days on Market4
Property Features for 117-123 E 3rd Ave
General Information
Standard status
Active
Size
51,600 SF
Property subtype
OFFICE
Zoning
Central Business
Occupancy
78%
Units
Unit Mix
5 Studio, 6 One Bed/One Bath, 2 Two Bed/One Bath, 1 Three Bed/One Bath, 1 Five Bed/Two Bath
Multifamily Units
15
Additional Details
Gross Income
$220,343
Mixed-Use Components
commercial, residential
Tenant in Place
Yes
Building Details
Buildings
1
Stories
3
Listing Agency:
NAI | Sioux Falls
(605) 357-7100
Listed By:
Marcus Mahlen, CCIM, SIOR
(605) 228-9744
Source:
Moodyscre
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 4:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI | Sioux Falls
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Investment Insights
Based on property information with market context.
At 117-123 E 3rd Ave in Mitchell, this three-story property contains 51,600 square feet and is zoned Central Business. Its layout includes 5 commercial spaces and 1 storage space alongside 15 apartments. Residential occupancy is 77.8%. The apartment mix comprises 5 studios, 6 one-bedroom/one-bathroom units, 2 two-bedroom/one-bathroom units, 1 three-bedroom/one-bathroom unit, and 1 five-bedroom/two-bathroom unit; the five-bedroom apartment is operating as an Airbnb.
Building signage is available. The combination of residential units, commercial spaces, and storage brings multiple property components together in one downtown Mitchell building.
Building signage is available. The combination of residential units, commercial spaces, and storage brings multiple property components together in one downtown Mitchell building.
Key Highlights
- 51,600‑square‑foot, three‑story mixed‑use property
- 15 apartments with 77.8% occupancy
- Unit mix: 5 studios; 6 one‑bedroom/one‑bathroom; 2 two‑bedroom/one‑bathroom; 1 three‑bedroom/one‑bathroom; 1 five‑bedroom/two‑bathroom
Property Analytics
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Current Use
Lease Details
15
Residential units
77.8%
Occupancy
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 57301, SD
18,759
Population
9,148
Households
2.1
Avg Household Size
40
Median Age
25%
College-Educated
91%
High-School Grad
238.3 sq mi
ZIP Area
79
Density / Sq Mi
$60,671
Median Household Income
$39,545
Median Earnings
$775
Median Rent
$191,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines apartments, commercial premises, and a separate storage space.
Where is this mixed-use property located?
The property is located at 117-123 E 3rd Ave Mitchell, SD.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 51,600‑square‑foot, three‑story mixed‑use property; 15 apartments with 77.8% occupancy; Unit mix: 5 studios; 6 one‑bedroom/one‑bathroom; 2 two‑bedroom/one‑bathroom; 1 three‑bedroom/one‑bathroom; 1 five‑bedroom/two‑bathroom
