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Retail/Office Space Available for Rent

117 East 3rd Avenue, Mitchell, SD 57301

For Lease
$8 SF/Yr

Retail and office spaces available with flexible terms and signage.

Space Size167 SF - 20,825 SF
Days on Market288

Property Features for 117 East 3rd Avenue

General Information

Standard status Active
Size 167 SF - 20,825 SF
Property subtype Retail
Lease Term Gross plus utilities

Building Details

Year Built 1915

Spaces For Lease

at 117 East 3rd Avenue Contact us

117 E 3rd Avenue - A $8/SF/Yr

Size 20,825 SF
Type Street Retail
Term Negotiable
Contact us

Southeast Space $8/SF/Yr

Size 167 SF
Type Street Retail
Term Negotiable
Contact us
Listing Agency: NAI Sioux Falls
Listed By: Marcus Mahlen, CCIM, SIOR
Source: Siouxfallscommercial
Added: Jan 27 Changed: Aug 8 Last Checked: Aug 8 at 5:54AM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Available for rent are a small retail/office space and a three-level retail/office space. The smaller space is currently open but can be closed off. The larger space is able to be subdivided, with the option of over 10,000 square feet of lower-level storage. Building signage is available. Tenant improvement allowance is negotiable, and the landlord is motivated to work out terms with interested tenants.

Key Highlights

  • Large retail/office space is subdividable, offering flexible layout options.
  • Motivated landlord willing to negotiate lease terms.
  • Building signage available, providing excellent visibility.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bonnie's Dekor (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency HVAC Service Restaurant Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

703
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Retail and office spaces available with flexible terms and signage.
Where is this office unit located?
The property is located at 117 East 3rd Avenue Mitchell, SD.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Large retail/office space is subdividable, offering flexible layout options.; Motivated landlord willing to negotiate lease terms.; Building signage available, providing excellent visibility.
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