15-Unit Apartment
121-123 W 6th Ave, Mitchell, SD 57301
For Sale
$1,200,000
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 Market95
Property Features for 121-123 W 6th Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
NAI Sioux Falls
Listed By:
Lexa Rahn
(605) 444-7111
Source:
Thebrokerlist
Added: Aug 8
Changed: Nov 4
Last Checked: Nov 10 at 5:11AM
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.
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
Who owns this building?
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Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
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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?
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
