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    117-123 E 3Rd Ave Mitchell, SD 57301

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    For Lease
    $8 SF/Yr ($13,883 /Mo)

    Retail and office spaces available with flexible terms.

    Property size:
    20,825 SF
    Lot size:
    0.20 Acres

    Property Features for 117-123 E 3Rd Ave

    General Information

    Size
    20,825 SF
    Lot size
    0.20 Acres

    Source: NAI | Sioux Falls Agent Marcus Mahlen, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Office Space Available for Rent

    This property offers both retail and office spaces for rent. The available spaces include one smaller retail/office space and a larger three-level retail/office space. The smaller space is currently open but can be closed off. The larger space can be subdivided and includes an optional 10,000+ square feet of lower-level storage. The lower level of the property measures 10,200 square feet, while the upper and mezzanine levels total 13,225 square feet. Building signage is available. Tenant improvement allowance is negotiable. The landlord is motivated and willing to work out terms with interested tenants. The property is located on E 3rd Ave in Mitchell, SD.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mitchell
    County
    Davison
    State
    South Dakota
    Longitude
    -98.0252832
    Latitude
    43.7114226

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    FAQs

    What type of property is this?
    Retail space - Retail and office spaces available with flexible terms.
    Where is this retail space located?
    The property is located at 117-123 E 3Rd Ave Mitchell, SD.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Subdividable large retail/office space with optional 10,000+ SF lower level storage; - Upper and Mezzanine levels total 13,225 SF; Lower level is 10,200 SF; - Street retail location
    (605) 357-7100
    Request Owner's contact information
    117-123 E 3Rd Ave Mitchell, SD 57301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117-123 E 3Rd Ave Mitchell, SD 57301
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