111 Main St Henry, SD 57243-2071
- Commercial real estate
- 0.22 lot acres
Current Use by Public Records
- Dacotah Bank / Bank / Atm
Property Details for 111 Main St
- Year built
- 1974
- Lot size
- 0.22 lot acres
- Property type
- Commercial real estate
- APN
- 4818
- APU
- 4818
Description
This exceptional 2,353 square foot Class C executive office building, located at 111 Main Street in Henry, South Dakota, presents a unique investment opportunity. Built in 1974, the property sits on a 0.24-acre lot and boasts a prominent location in the heart of Henry, conveniently situated north of Highway 212. Neighboring businesses include the Henry Town Hall and Double Barrel Steakhouse, ensuring high visibility and convenient access to local amenities. The building features a spacious lobby, two restrooms, and a notable security feature: two vaults equipped with substantial 3-foot doors. This characteristic makes the property suitable for various uses, including but not limited to, financial institutions (subject to any existing restrictions), or even a hunting bunkhouse given its proximity to hunting grounds. The property's annual real estate taxes are $3,434.96. The building's age and features offer potential for renovation and modernization to enhance its value and appeal. This is a rare opportunity to acquire a well-positioned commercial property in a desirable South Dakota location. The property's central location and unique features make it an attractive investment for a variety of business owners or investors seeking a strong foothold in the Henry market. Serious inquiries are encouraged. The zip code is 57243, and the property is located in Codington County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $370,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $430,000
- Mixed-Use
- $420,000
- Hospitality
- $390,000
- Educational
- $340,000
- Residential Income
- $345,000
- Energy
- $450,000
- Income-Based Land
- $420,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Henry
- County
- Codington
- State
- South Dakota
- Longitude
- -97.4678
- Latitude
- 44.8784
- CBSA code
- 47980
- CBSA name
- WATERTOWN, SD MICROPOLITAN STATISTICAL AREA