106 South Chicago Hot Springs SD 57747

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Serving the

entire Black Hills region!

Property Information
Price $675,000.00

MLS
#156040
Price
$675,000.00
Type
Other
Area
Northern Hills
Selling
Sale/Lease
Total Bldg Sq Ft
5550

1113 SHERMAN ST, Sturgis

4 monthly residential rentals on second floor. Two 2 bedroom apts., and two one bedroom apts. 2 BR apt. lease ends on July 31, 2022. The other 2 BR apt. lease ends June 1, 2022. 1 BR apt. lease ends on May 1, 2022. The other 1 BR lease ends on Feb 1, 2022. There is a commercial tenant on the first floor. That lease end June 1, 2024. There is ample space to add 3 additional apts. on the first floor (in addition to the commercial renter). The highest and best use in my opinion is to lease the building as nightly rentals. All existing apartments have kitchens, which brings a premium during the Rally. On the first floor it is possible to convert on of the nightly rentals into an apt. with 3 bedrooms and add a kitchen. All 2 or 3 additional apts. on the first floor would have lockable access to the 3 BR with kitchen for a larger group that wants to share a kitchen yet have separate sleeping areas. The building is well-constructed an in good shape.

Contact Heartland Real Estate for more information at 605-745-6772
Listing Office: Keller Williams Realty Black Hills, Agent: Anderson, Jeff
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Address

106 South Chicago
Hot Springs, SD 57747

Phone

605-745-6772

Toll Free

877-208-6706