- For Sale $500,000
- Property Type Office - General Office
- Property Size 5,220 SF
- Lot Size 0.43 Acre
- Additional Rent Contact for pricing
- Building Class C
- Year Built 1976
- Year Renovated 1991
- Date Updated Dec 17, 2024
Located one block east of N. Broadway in central business district
Miller, SD is a county seat town
Area neighbors include Hand County Hospital, Miller Schools K-12, Quion Bank, American Bank and Trust, Runnings, Kesslers GroceryGood mix private offices, open work area, conference room, breakroom
Large, overflow parking lot fronts N. Broadway (aka Main Street)
Concrete block construction
Current Tenant – Government agency for over 48 years with 2 years remaining at $95,000 +/- per year gross, negotiations ongoing for new lease. Historical expense ratio: 40%. Lease and financials upon request
Cap Rate: 11.4%
Quick Sale Price: $400,000 with 14.3% cap rate
All property viewings must be through Broker with at least 2 days notice
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Highlights
- Good mix private offices, open work area, conference room, breakroom
- Large, overflow parking lot fronts N. Broadway (aka Main Street)
- Concrete block construction
- Current Tenant – Government agency for over 48 years with 2 years remaining at $95,000 +/- per year gross, negotiations ongoing for new lease. Historical expense ratio: 40%. Lease and financials upon request
- Cap Rate: 11.4%
- Quick Sale Price: $400,000 with 14.3% cap rate
- All property viewings must be through Broker with at least 2 days notice
False
Contacts
Location
Getting Around
-
Walk Score ®
35/100
Car-Dependent
-
Bike Score ®
49/100
Somewhat Bikeable
Powered by Walk Score ®
- City Miller, SD
- Zip Code 57362
Points of Interest
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Super 8 by Wyndham Miller
0.88 miles
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Spiers School
4.75 miles
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Center School
5.23 miles
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Lone Star School
5.23 miles
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Matson School
6.84 miles
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Prairie View School
7.22 miles
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Vitters School
7.39 miles
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Moncur School
7.73 miles
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Ford School
7.83 miles
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Corrin School
8.09 miles
Frequently Asked Questions
How much does 118 E. 2nd Street cost?
The space currently listed for sale at 118 E. 2nd Street asks for $500,000.
What is the total square footage of 118 E. 2nd Street?
118 E. 2nd Street totals 5,220 square feet.
When was this property built?
118 E. 2nd Street was built in 1976.
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Contact Listing Broker
NAI Sioux Falls