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117 E 3rd Ave
167 - 23,591 SF of Office/Retail Space Available in Mitchell, SD 57301
Highlights
- Motivated landlord - will work out terms with any interested tenant.
- 500,000 annual visitors in Mitchell.
Space Availability (4)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 10,200 SF | Negotiable | £6.34 /SF/PA £0.53 /SF/MO £68.23 /m²/PA £5.69 /m²/MO £64,654 /PA £5,388 /MO | Modified Gross | ||
| 2nd Floor | 6,612 SF | Negotiable | £6.34 /SF/PA £0.53 /SF/MO £68.23 /m²/PA £5.69 /m²/MO £41,911 /PA £3,493 /MO | Modified Gross | ||
| 3rd Floor | 6,612 SF | Negotiable | £6.34 /SF/PA £0.53 /SF/MO £68.23 /m²/PA £5.69 /m²/MO £41,911 /PA £3,493 /MO | Modified Gross | ||
| 3rd Floor | 167 SF | Negotiable | £6.34 /SF/PA £0.53 /SF/MO £68.23 /m²/PA £5.69 /m²/MO £1,059 /PA £88.21 /MO | Modified Gross |
1st Floor
Large retail/office space can be subdivided - current 13,225 SF of street retail and 10,200 SF of lower level storage space.
- Listed rate may not include certain utilities, building services and property expenses
- Can be combined with additional space(s) for up to 23,424 SF of adjacent space
2nd Floor
Cotenants include Michelle's Mad Batter and 3rd Ave Salon.
- Listed rate may not include certain utilities, building services and property expenses
- Can be combined with additional space(s) for up to 23,424 SF of adjacent space
3rd Floor
TI Allowance negotiable.
- Listed rate may not include certain utilities, building services and property expenses
- Can be combined with additional space(s) for up to 23,424 SF of adjacent space
3rd Floor
Small retail/office space is currently open, but can be closed off.
- Listed rate may not include certain utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 117 E 3rd Ave , Mitchell, SD 57301
| Total Space Available | 23,591 SF | Property Subtype | Storefront Retail/Residential |
| Max. Contiguous | 23,424 SF | Gross Internal Area | 42,867 SF |
| Property Type | Retail | Year Built | 1911 |
| Total Space Available | 23,591 SF |
| Max. Contiguous | 23,424 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Internal Area | 42,867 SF |
| Year Built | 1911 |
About the Property
117 E 3rd Ave located in the heart of Mitchell, just down the street from the Corn Palace.
Nearby Major Retailers
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117 E 3rd Ave
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