117 East 3Rd Ave Mitchell, SD 57301
Historic 3-story mixed-use property in downtown Mitchell with income potential.
Building Details
- Year built
- 1915
Source:
Siouxfallscommercial
Listing Agent: Marcus Mahlen, CCIM, SIOR
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown Mitchell Mixed-Use Property
Located in downtown Mitchell, this historic 3-story mixed-use property offers excellent visibility and foot traffic. The building, zoned Central Business, is full of character and architectural charm, presenting endless possibilities. It features five commercial spaces and one storage space, alongside fifteen residential apartments with a 77.8% occupancy rate. The residential units include five studio apartments, six one-bedroom/one-bath apartments, two two-bedroom/one-bath apartments, one three-bedroom/one-bath apartment, and one five-bedroom/two-bath apartment currently operating as an Airbnb. The property benefits from building signage availability and generates a gross annual revenue of $191,700.
Location Intelligence
Current Use by Public Records
Bonnie's Dekor
Florist
Location Insight
- Map
- Local Demand
- City
- Mitchell
- County
- Davison
- State
- South Dakota
- Longitude
- -98.0252832
- Latitude
- 43.7114226
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Historic 3-story mixed-use property in downtown Mitchell with income potential.
Where is this mixed-use property located?
The property is located at 117 East 3Rd Ave Mitchell, SD.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: - Prime downtown Mitchell location with high visibility and foot traffic.; - Income-generating mixed-use property with commercial and residential units.; - Significant gross annual revenue of $191,700.