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    1515 Sanborn Blvd Mitchell, SD 57301

    Sponsored
    For Sale
    $2,995,000

    75,800 SF Office Building, $2.995M

    Property size:
    75,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional two-story, 75,800 square foot office building in Mitchell, South Dakota, is available for sale at $2,995,000. Currently configured as co-working space, it features a spacious reception area, multiple conference rooms, private offices, open work areas, a large shared break room with kitchen, and in-suite restrooms. The building includes a building elevator and boasts abundant natural light from perimeter windows. Existing furniture is negotiable for a turnkey solution. The property sits on a substantial 7.79-acre lot (110,889 square feet), offering significant expansion potential for additional buildings or parking, or the possibility of selling a portion to offset acquisition costs. Ample on-site parking is available, along with full-time on-site management and maintenance. 36,400 square feet is currently available for lease, subdividable into 7,000 square foot units. The property is zoned HB Highway Oriented Business District and is located at 1515 N Sanborn Blvd, Mitchell, SD 57301 (APN: 15090-00300-001-00, 15800-01600-101-80). The seller is open to considering sale-leaseback options and all subdivision opportunities. The price reflects a recent $1,000,000 reduction. This presents a unique opportunity to acquire a substantial, well-maintained office building in a desirable location.

    Property Features for 1515 Sanborn Blvd

    General Information

    Property type
    Coworking space
    Square Feet
    75,800 SF
    Lot Size
    339,332 SF

    Building Details

    Stories
    2

    HighLights

    • 75,800 SF building.
    • 36,400 SF available for lease, subdividable to 7,000 SF.
    • Two‑story office space with elevator.
    • Features reception, multiple offices/conference rooms, open workspace, large breakroom/kitchen, and restrooms.
    • Existing furniture negotiable.
    • Abundant natural light from perimeter windows.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chr Solutions Inc Telecommunications Service Provider

    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
    -98.0300821
    Latitude
    43.7234902

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    FAQs

    What type of property is this?
    Coworking space - 75,800 SF Office Building, $2.995M
    Where is this coworking space located?
    The property is located at 1515 Sanborn Blvd Mitchell, SD.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: 75,800 SF building.; 36,400 SF available for lease, subdividable to 7,000 SF.; Two-story office space with elevator.
    Request Owner's contact information
    1515 Sanborn Blvd Mitchell, SD 57301
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    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
    1515 Sanborn Blvd Mitchell, SD 57301
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