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32334843
32334847

1515 N Sanborn Blvd Unit 3, Mitchell, SD 57301-1021

PB
21795
Ace Realty
Listed by Ace Realty
$1,550,000
31 days on market
Updated 31 days ago

1515 N Sanborn Blvd Unit 3

Details
Property Type Office
Sub Type Professional Office
Square Footage 38,220
Tenancy Vacant
Year Built 1996
Stories 2
Acreage 2.550
Zoning Highway Oriented Business, R4
Investment Type Owner/User

Office | 38,220 SqFt

Marketing description

Expansive 75,800 SF professional office building is available for purchase as three individually conveyed units offering flexibility for multi-tenant use. Final legal descriptions will be determined by survey and/or plat. All units have individually metered water and gas. Units 1 and 2 currently share electric service, but the prior electrical contractor has indicated service can readily be split.

Located within the HB – Highway Oriented Business District, the property is well‑positioned for a wide range of commercial and professional uses. The structure is a wood‑frame building with brick veneer, providing a classic and durable exterior. A new roof was installed across the entire building in January 2021.

The building is being sold as‑is, with noted drywall and ceiling tile damage. All existing office furniture, cubicles, tables, chairs, wall art, and appliances present at the time of sale will be included, offering a turnkey opportunity for future owners or tenants.

Interior spaces benefit from abundant natural light thanks to generous perimeter windows, while the grounds feature mature, well‑maintained landscaping that enhances curb appeal. A large exterior parking lot serves the property and will require an easement agreement.

This property presents a rare opportunity for investors or owner‑occupants seeking substantial office space with flexible configuration options and strong commercial zoning.

Unit 3 comprises the north 38,220 SF portion of the building, constructed as part of the 1996 second addition. This impressive two‑story suite offers a highly functional and visually appealing layout, ideal for corporate headquarters, administrative operations, or large professional teams.

The unit features a spacious front reception area that leads into two 17,500 SF floors, accessible by both an elevator and an architecturally striking stairwell. Each floor includes numerous private offices (approximately 9.5’ x 9.5’) along with larger offices and conference rooms positioned along the east and north perimeters. Several offices on the east side were specifically designed as executive‑sized offices, providing enhanced space and prominence.

Just beyond the reception area is a large open commons/break room featuring numerous windows and an adjoining kitchenette, creating a bright and inviting gathering space. The first floor includes a large copy and supply room, while the second floor offers a spacious open meeting room equipped with a Panelfold room divider system, along with an additional break room and kitchen area. Fire doors separate the west end of the second floor for added safety and flexibility. The front entrance is enhanced with heated concrete pads, providing improved accessibility during winter months.

In addition to the main building, the property includes a 110,889 SF bare lot, offering opportunities for future expansion, additional parking, or potential sale to offset acquisition costs. This lot is currently zoned R4 – Residential.

Investment highlights

  • 38,220 Sq. Ft. of Professional Office Space
  • Two-Story Building Built in 1996 with Brick Exterior
  • Zoned Highway Oriented Business
  • Front Reception Area
  • Variety of Private Office Sizes
  • Multiple Conference Rooms
  • Large Meeting Room with Panelfold Room Divider System
  • Large Copy/Supply Room
  • Elevator
  • Large Commons Area
  • Additional 2.55 Acre Vacant Lot to the West, Zoned R4
  • Estimated 2026 Taxes: $18,000

Listing Contacts

PB
21795
Ace Realty
Listed by Ace Realty

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