111 Logan Avenue

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111 Logan Avenue

Gregory, SD 57533
Asking Price
$1.83M
Asset Type
Office
Class
Class B

What's Special

111 Logan Avenue is situated in the central business district of Gregory, South Dakota. The surrounding neighborhood is characterized by a mix of local government offices, retail storefronts, and essential community services. The property is positioned within walking distance of the Gregory County Courthouse and regional banking institutions. Accessibility is provided via Highway 18 and Highway 47, which intersect nearby and serve as the primary transportation arteries for the region. Local amenities including dining options and community parks are located within a three-block radius of the site. The property is suited for general administrative use, professional services, or a satellite regional office. Given the proximity to local civic infrastructure, ideal tenants include legal practices, accounting firms, or insurance agencies. The layout is functional for businesses requiring private office suites or shared workspace configurations. The location is appropriate for enterprises seeking a central presence within the Gregory trade area to serve the local population and surrounding rural community.

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NOI
$80,000
Cap Rate
4.38%
DSCR
0.74
Underwater
Cash-on-Cash
-5.21%
Monthly Payment
$9,046.42
Annual Cash Flow
$-28,557.044

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