118 E. 2nd Street

For Sale

118 E 2nd St, Miller, SD 57362

This Miller property for sale is located at 118 E 2nd St. The general use of 118 E. 2nd Street is office and it incorporates 5,220 square feet of class C office space. The current listed sale price for 118 E. 2nd Street is $500,000. 118 E. 2nd Street is situated on a lot that is 0.43 acre in size.

Contacts

broker
Steve Shaykett, MAI

NAI Sioux Falls

Property Details

  • Property Type Office - General Office
  • Property Size 5,220 SF
  • Lot Size 0.43 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1976
  • Year Renovated 1991
  • Date Updated Dec 17, 2024
Located one block east of N. Broadway in central business district Miller, SD is a county seat town Area neighbors include Hand County Hospital, Miller Schools K-12, Quion Bank, American Bank and Trust, Runnings, Kesslers GroceryGood mix private offices, open work area, conference room, breakroom Large, overflow parking lot fronts N. Broadway (aka Main Street) Concrete block construction Current Tenant – Government agency for over 48 years with 2 years remaining at $95,000 +/- per year gross, negotiations ongoing for new lease. Historical expense ratio: 40%. Lease and financials upon request Cap Rate: 11.4% Quick Sale Price: $400,000 with 14.3% cap rate All property viewings must be through Broker with at least 2 days notice
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Highlights

  • Good mix private offices, open work area, conference room, breakroom
  • Large, overflow parking lot fronts N. Broadway (aka Main Street)
  • Concrete block construction
  • Current Tenant – Government agency for over 48 years with 2 years remaining at $95,000 +/- per year gross, negotiations ongoing for new lease. Historical expense ratio: 40%. Lease and financials upon request
  • Cap Rate: 11.4%
  • Quick Sale Price: $400,000 with 14.3% cap rate
  • All property viewings must be through Broker with at least 2 days notice

Getting around

  • 35/100

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  • 49/100

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Location

  • City Miller, SD
  • Zip Code 57362

Points of Interest

  • Super 8 by Wyndham Miller

    0.88 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Steve Shaykett, MAI

NAI Sioux Falls