Property profile

1603 N Broadway Ave Miller, SD 57362

FOR SALE
Other commercial real estate
Property ID
US79-0253263
1 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

This 2.58-acre commercial property is located just outside city limits at the intersection of SD Highway 45 and SD Highway 14. The main structure includes a 32' x 80' insulated, finished, and heated pull-through shop; it was originally built in 1963 with a west half addition in 2004, which included an updated electrical system and an added bathroom with a shower. The building is heated with propane, and the bathroom has an electric wall heater. Access is provided by three large overhead doors measuring 13' x 12' (east), 12' x 12' (west), and 18' x 12' (south), plus two walk-through doors. Interior lighting includes newer LED and metal-halide fixtures, and the metal roof was upgraded with new ice skids and gutters in 2024. The west half of the building includes a large floor drain. On the property there is also a 30' x 45' Quonset structure used for cold storage, with a 12' x 12' automatic overhead door on the west side and a walk-through door on the east side; it contains a half-bath that was winterized about 10 years ago with the water heater shut off. Utility infrastructure includes three RV hookups with water, electricity, and sewer drains connected to the septic system, along with exterior 30-amp and 50-amp electric hookups for the main building; all sewer lines on the property discharge to a septic tank.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1 ac (43,560 SF)
APN 6826
UPID US79-0253263

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1603 N Broadway Ave Miller, SD 57362
Miller metro Census 975700
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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