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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

COMMERCIAL SPACE C

former coffee shop includes courtyard & 1,450 sqft

Shared men's and women's bathroom

LeaseD at $1,500/month

COMMERCIAL SPACE A

3 BED | 2 BATH | 3,124 sqft

LeaseD at $2,500

LOFT APARTMENT UNIT D

1 BED | 3/4 BATH | 1,562 SQFT

LeaseD at $1,200/month

Basement Apartment unit B

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 Spaces7 (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/SewerPaid by tenants
GarbagePaid 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 # 22501081
Status Active
Listing Price $950,000
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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Email: jennyb@21stcenturylending.com

Phone: (605) 250-6867

NMLS Lic# 2051777

DRE Lic#01368889

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