606 1st st, Armour, SD 57313

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$325,000 List Price
Sold on 1/06/2020
 
Listing ID 10647783
Property Type Commercial Building
County Douglas
Total Tax $2,896
FEMA Flood Map fema.gov/portal
Year Built 1979
Virtual Tour
Well maintained commercial property just one block off Main St. • This Two office suite has separate private entrances • .The two offices split 3,760 square feet of space.. • This property includes two bathrooms and a common kitchen space. • A large board room is also available. This property has an asphalt parking lot adjacent to the property. The current tenant is with the federal government and is under a five year lease agreement.
Property Details
  • 2 Full Baths
  • 3760 SF
  • 10650 SF Lot
  • Built in 1979
  • Renovated 2001
  • 1 Story
  • Available 9/03/2019
  • Slab Basement
  • Renovation: Added 880 square foot to the building.and expanded the parking lot.
Unit Information
Gross Area: 3760
Interior Features
  • Carpet Flooring
  • Vinyl Flooring
  • Forced Air
  • 2 Heat/AC Zones
  • Propane Fuel
  • Central A/C
  • 200 Amps
Exterior Features
  • Frame Construction
  • Wood Siding
  • Asphalt Shingles Roof
  • Community Water
  • Community Septic
  • Handicap Features
Commercial Info
  • Farmer Service Agency and Natural Resource Conservation service (Business Name)
  • 15 Parking Spaces
  • 8% Cap. Rate
Income/Expenses
  • Gross Income $40,000
  • Net Income $25,000
  • Operating Exp $15,000
  • Management Exp $4,200
  • Insurance Exp $1,215
  • Heat Exp $2,400
  • Electric Exp $2,400
  • Water Exp $700
  • Misc Exp $2,000
  • Paid by Landlord: Electric, Heat, Gas, Water, HVAC, Cleaning, Insurance, Parking, Ground Maint.
Taxes and Fees
  • $2,896 Total Tax
Sale Information
  • Sold on 1/06/2020
  • Sold for $270,000
  • Buyer's Agent: Mark VanDerWerff
  • Company: Farmers National Co.
Previously Listed By
Farmers National Company
Office: 605-530-6314
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