Listed by Janklow Eliason Real Estate
$1,950,000
713 E HAVENS AVE MITCHELL SD 57301-4576
Details
APN 15431-00000-002-00
Property Type Retail
Square Footage 1,120
Units 18
Cap Rate 1.9%
NOI $37,000
Occupancy 94%
Tenancy Multi
Broker Co-Op True
Year Built 1900
Acreage 8.130
Zoning Commercial
Ground Lease No
Prime redevelopment site with existing income from trailer park
Marketing description
Prime 8.13-acre redevelopment site one block from Mitchell, SD's busiest intersection with traffic counts exceeding 20,000. Current use is a profitable trailer park with 16 sites (14 occupied), plus 3.65 acres of undeveloped land. Nearby neighbors are Walgreens, Plains Commerce Bank, First Interstate Bank, Verizon, c-stores, etc. Perfect site for large retail, hotel, etc. Priced at $5.51 psf.
Investment highlights
Small income producing mobile home park on 8.13-acre PRIME redevelopment site.
Listing Contacts
Listed by Janklow Eliason Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,000.00
$3,083.33/mo
Valuation Metrics
0
DSCR
1.9%
Cap Rate
1.9%
ROI
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Property History
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