23858 Hwy 385, Hill City, SD
Retail for Sale - $399,000 - 4,960 Sq. Ft. on 1.62 acres
Property Info
| CIMLS# | 961006 |
| Location 23858 Hwy 385 Hill City SD 57745 | |
| Updated | December 29th, 2017 |
| Type | Retail |
| Price | $399,000 |
| Building | 4,960 Sq. Ft. |
| Land | 1.62 acres |
Property Description
Well-maintained, 4,960 SF commercial building on busy Highway 385 into Hill City. Suite A has showroom, office, parts storage area, and shop/service area and is available for lease starting March 1, 2018. Suite B which is leased by a long-term tenant has customer service counter and office. Outdoor area for equipment display and storage. Newly renovated in 2005 with new plumbing, concrete in shop area, insulation, roof, sheet rock and insulation, and heating. Gross rents of $42,300 annually - 8.2% cap rate. Listed by Chris Long, Keller Williams Realty Black Hills, 605-939-4489.
Location Description:
3 miles east of Hill City with frontage on Hwy 385
Highlights:
>> 4,960 SF on 1.62 acres
>> 100% leased by long-term, established businesses
>> 8.2% cap rate
>> Well-kept and updated with new plumbing, roofing, and flooring
>> Close to Hill City and Rapid City
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** This property also has spaces available for lease.