E Spruce St

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E Spruce St

Mitchell, SD 57301
Asking Price
$985K
Asset Type
Land
Class
Class B

What's Special

Located on East Spruce Street in Mitchell, South Dakota, this land parcel is situated within a developing commercial corridor. The surrounding neighborhood features a mix of established industrial facilities and retail businesses. The property benefits from proximity to East Spruce Street’s connection with South Ohlman Street, providing direct access to the Interstate 90 interchange less than one mile away. Nearby amenities include regional distribution centers, hospitality services, and hardware retailers, ensuring high visibility and ease of transport for logistics. The site is well-suited for light industrial development, storage facilities, or highway-oriented commercial use. Potential occupants include regional logistics providers, equipment rental companies, or construction firms requiring yard space and convenient highway access. The flat topography and proximity to municipal utilities support a range of professional and trade-based applications. This location offers a strategic footprint for owner-occupiers or developers targeting the expanding commercial infrastructure of the Mitchell area.

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NOI
$80,000
Cap Rate
8.12%
DSCR
1.37
Strong
Cash-on-Cash
7.28%
Monthly Payment
$4,873.243
Annual Cash Flow
$21,521.089

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