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$ 230,000
Est. payment | /mo
4,139 SqFt
$ 230,000
Est. payment | /mo
4,139 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,139 sqft
Price per Sqft $55
Subdivision Original Plat
MLS Listing ID 22606119
Year Built 1884
Annual Tax Amount $675
Lot Size 6,799 Sqft
Property Sub-Type Mixed Use
Property Description
Investment opportunity in the heart of Madison! This four-unit mixed-use property offers multiple income streams with additional upside for its next owner. The café currently rents for $500/month, while the card shop rents for $350/month with its lease ending in October and potential to increase rent to $500/month. The upstairs apartment is currently vacant with estimated market rent of $800-$900/month. A fourth commercial unit is also vacant, creating an excellent opportunity to start or grow your own business, occupy the space yourself, or lease it out for additional income. With four units, existing income, and room to increase revenue, this is a great opportunity to add a versatile mixed-use property to your investment portfolio!
Location
State SD
County Lake
Area Sf60
Zoning Commercial
Interior
Flooring Carpet, Wood, Vinyl
Exterior
Roof Type Rubber
Building
Story 2.0
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LIsted by eXp Realty - Elevated Sioux Falls • Tyce Ortman • Cell: 605-413-7903
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