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112 N Chicago St

1,920 SF Light Industrial Building Hot Springs, SD 57747 £314,811 (£164/SF)

Investment Highlights

  • Heavy daytime foot traffic
  • Currently fully leased

Executive Summary

Nice Downtown Hot springs building with great long term tenant. Addiction Recovery Center rents this building. 2,700/month. Building is nicelyupdated in and out. New siding and roof. Nice back covered porch area. Come take a look! This building is 1900 square feet. This is ahistorical building that does NOT require any special approvals or held to any requirements. Sellers have rebuilt the front alley side of thebuilding from the ground up. Had the foundation professionally spray foam insulation. They insulated and re-sided the three sides of the building that are exposed, re-roofed the building, and had the air-conditioning unit on the roof refurbished and the support structure replaced. The inside of the building has been completely rebuilt and re-organized for the tenant. This building now has two bathrooms, one of which is ADA-compliant. They have added a kitchen to the building with a space for a lunchroom. They have also added a coffee nook with custom tile work, lighting, and power in the hallway. The front doorway has been rebuilt and replaced and is ADA-compliant. They have added a covered deck to the back of the building and a matching custom copper awning to the front. This building is turnkey and leased on a contract to a reliable and top-quality tenant. :)

Property Facts

Price £314,811
Price Per SF £164
Sale Type Investment
Property Type Light Industrial
Property Subtype
Light Distribution
  • General Retail Storefront Retail/Office
Lot Size 0.08 AC
Rentable Building Area 1,920 SF
Number of Floors 1
Year Built 1984
Tenancy Single

Amenities

  • Air Conditioning
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
75410-00100-018-00
Land Assessment
£23,056
Improvements Assessment
£94,766
Total Assessment
£117,821
  • Listing ID: 32669878

  • Date on Market: 02/08/2024

  • Last Updated:

  • Address: 112 N Chicago St, Hot Springs, SD 57747

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