Individaul units
ALL UNITS ARE LEASED
Main Floor, Former Bank at 1,662 sqft
Space shared men's and women's bathroom
LeaseD at $1,750
former coffee shop includes courtyard & 1,450 sqft
Shared men's and women's bathroom
LeaseD at $1,500/month
3 BED | 2 BATH | 3,124 sqft
LeaseD at $2,500
1 BED | 3/4 BATH | 1,562 SQFT
LeaseD at $1,200/month
FEATURES
INCOME & EXPENSE
Unit Breakdown
| Unit | Type | Monthly Rent | Annual Rent | Sq Ft |
|---|---|---|---|---|
| Unit D | Second Floor Loft | $2,500 | $30,000 | 3,124 |
| Unit B | Basement 1 Bed | $1,200 | $14,400 | 1,562 |
| Basement Storage | Storage Space | $100 | $1,200 | 1,562 |
| Unit C | Main Floor Upper | $1,100 | $13,200 | 1,122 |
| Unit A | Main Floor Lower w/Courtyard | $1,500 | $18,000 | 1,450 |
| Attached Garage | Garage Income | $50 | $600 | – |
| 1st Street Entry Foyer | Commercial Foyer | $400 | $4,800 | 522 |
| TOTAL | $6,850 | $82,200 | 9,342 |
Financial Summary
| Total Leased Spaces | 7 (incl. foyer + storage + garage) |
| Total Gross Income | $82,200 |
| Vacancy (5%) | $4,110 |
| Management (5%) | $4,110 |
| Operating Expenses | $8,790 |
| Net Operating Income (NOI) | $65,190 |
| Cap Rate (List Price $910,000) | 7.16% |
| Cap Rate (Appraised Value $901,195) | 7.23% |
Expenses
| Property Taxes | $1,990 |
| Insurance | $4,400 |
| Maintenance | $2,400 |
| Water/Sewer | Paid by tenants |
| Garbage | Paid by tenants |
| Utilities (Electric, Heat) | Paid by tenants |
Property Description
This historic mixed-use building in South Dakota, built with Sioux Quartz, offers a blend of commercial and residential space along withadditional land. The ground floor boasts commercial areas with impressive 10' to 14' ceilings, beautiful wood floors, and abundantcharacter. Currently divided into two vacant commercial units, they are ready for leasing. Access the second-floor loft through a spacious 20’ x 22’ entry foyer with a soaring 14’ ceiling. Upstairs, discover expansive ceilings ranging from 12' to 14', large windows, efficientheating and cooling, a wood-burning stove, original wood floors, a luxurious primary suite, two guest bedrooms, a gourmet kitchen, study, den/studio, and in-suite laundry. The basement hosts a separate 1-bedroom apartment with its own outside entrance, offering additional living space. Parking options include both on-street and off-street spaces. Added features-attached garage/workshop, a secluded paver courtyard garden you must see to appreciate!
Property Details
| MLS # | 22505505 |
| Status | Active |
| Listing Price | $910,000 |
| Address | 101 N Main Ave, Hartford, SD 57033 |
| County | Minnehaha |
| Subdivision | Hartford City |
| Lot Size | 13,200 sq. ft. (0.303 acres) |
| Year Built | 1902 |
Schools
| School District | Sioux Falls |
| Elementary School | Laura Wilder ES |
| Middle School | Memorial MS |
| High School | Roosevelt HS |
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JENNY BUTORAC
Email: jennyb@21stcenturylending.com
Phone: (605) 250-6867
NMLS Lic# 2051777
DRE Lic#01368889
