718 Walnut StYankton, SD 57078

This exceptional mixed-use commercial property, located at 718 Walnut St in Yankton, South Dakota, presents a unique investment opportunity. The 6,976 square foot building sits on a substantial 27,007 square foot lot (.62 acres) and offers a diverse range of possibilities. Recently rezoned from I-1 Industrial to B-2 Highway Business, the property boasts four entryways, ample parking, and a prime location just two blocks from Broadway Street. The building comprises three distinct areas: a 2,976 square foot retail space to the south, a 2,464 square foot apartment in the center, and a 1,536 square foot north addition suitable for expansion or additional business use. The apartment offers potential rental income, supplementing the retail space's revenue. The expansive lot provides room for future construction or additional parking. Built in 1920 and extensively renovated between 2010 and 2023, this single-story building features one loading dock. The property is available for $255,000, with a price per square foot of $36.55. The current owners are open to discussing flexible financing options, including a potential contract for deed with a limited-time offer of a $50,000 down payment, 6.5% interest, and a maximum 10-year balloon payment. This is subject to approval of other terms. The property is zoned B2 (business) and has an occupancy date of September 29, 2024. This is an owner/user investment opportunity.