15-Unit Apartment
New
For Sale
$1,200,000
121-123 W 6th Ave, Mitchell, SD 57301
Fully leased multifamily property with refreshed building systems and landlord-paid gas and water.
Property Size11,280 SF
Lot Size0.11 Acres
Price / SF$106.38
Days on Market4
Property Features for 121-123 W 6th Ave
General Information
Standard status
Active
Size
11,280 SF
Lot size
0.11 Acres
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
15
Building Details
Building Size
11,280 SF
Year Built
1930
Listing Agency:
NAI | Sioux Falls
(605) 403-0333
Listed By:
Marcus Benson · License #21232
Source:
Siouxfallscommercial
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 6:42AM
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
Investment Insights
Based on property information with market context.
This 15-unit apartment property was built in 1930 and contains 11,280 SF within a 4,734 SF lot. All units are fully leased, providing an established occupancy profile for the multifamily asset. Building improvements include a new roof completed in 2019, along with a new water heater and boiler/boiler lift.
The property is located one block from the world's only Corn Palace in Mitchell, South Dakota. The landlord pays gas and water, while tenants are responsible for electric service, defining the current utility arrangement. The address is 121-123 W 6th Ave.
The property is located one block from the world's only Corn Palace in Mitchell, South Dakota. The landlord pays gas and water, while tenants are responsible for electric service, defining the current utility arrangement. The address is 121-123 W 6th Ave.
Key Highlights
- 15 fully leased units
- 11,280 SF building on a 4,734 SF lot
- New roof installed in 2019
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
576
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased multifamily property with refreshed building systems and landlord-paid gas and water.
Where is this apartment building located?
The property is located at 121-123 W 6th Ave Mitchell, SD.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 15 fully leased units; 11,280 SF building on a 4,734 SF lot; New roof installed in 2019
