715 Main StMitchell, SD 57301

Property Details for 715 Main St

Year built

1994

Lot size

0.16 AC

Property size (Sq ft)

2,565 SF

Property type

Other commercial real estate

APN

15580-00400-007-00

APU

155800040000700

Description

This exceptional 1.04-acre commercial property, located at 715 S Main St in Mitchell, South Dakota, presents a unique investment opportunity. The property features two heated buildings totaling nearly 7,000 square feet of versatile space, perfect for a variety of uses. The larger building boasts impressive 16-foot ceilings, while the smaller building offers 14-foot ceilings. Both buildings include bathrooms and durable concrete floors. A front office area in one building is air-conditioned, providing comfortable workspace. Currently, the property is 100% occupied by an auto body shop under a modified lease expiring January 31, 2025. The lease is month-to-month with a maximum three-month extension. The property is zoned for Highway Business use and includes ample parking with 50 spaces. Built in 1998 and renovated in 2020, this Class B property offers a blend of functionality and modern updates. The asking price is $899,000, translating to $131.43 per square foot. This sale is structured as a sale-leaseback, ideal for an owner-user seeking immediate income generation. The property's location near Havens Avenue provides excellent visibility and accessibility. This is an outstanding opportunity for a contractor, implement dealer, auto repair shop, detailing business, or similar enterprise.

• Alternative Use

  Use

  Valuation

  Residential

  $459,183

  Hospitality

  $420,609

  Educational

  $349,942

  Medical

  $361,977

  Retail

  $544,354

Location Insight

City

Mitchell

County

Davison

State

South Dakota

Latitude

43.716

Longitude

-98.026

CBSA code

33580

CBSA name

MITCHELL, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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