CI Land w/Building - Sturgis, SD
A great income producing commercial property in a high traffic area of downtown Sturgis! This property has 4 apartments and one large 2700 sq ft office space. Very low turn over in the apartments, salon is on 2nd year into a 5 year lease. Apartments produce $28,200 gross annually, commercial + rally rental gross $15,150 annually. The main building was built in 1996 with a freshly remodeled main floor in 2016, newer HVAC systems, separate MDU and electric meters. Landowner pays city water/sewer/garbage. Apartments in newer building have 2bed and 2bath, older apartment building has 2 bed 1bath upstairs and a 1bed 1bath on ground level.
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