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🏢 Just listed — Commercial Land for sale in Mitchell, SD.

📍 E Spruce St, Mitchell, SD
🏷  Commercial Land · For Sale
💰 $985K

Land | 2.75 acres

<ul><li>Great restaurant lot on Spruce Street.</li><li>Can be the restaurant for My Place Hotel steps away.</li><li>Much paving already in place.</li><li>Join in the success of Cabela's, Walmart, Menards, My Place Hotel and Holiday Inn Express.</li><li>Co-

Full financials, photos, and broker contact:
https://commrty.com/property/south-dakota/mitchell/e-spruce-st-mitchell-sd-2601559-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=e-spruce-st-mitchell-sd-2601559

#Mitchell #Land #CommercialRealEstate #CRE #Investment

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Home/SD/Mitchell

E Spruce St

Mitchell, SD 57301

Asking Price

$985K

Asset Type

Commercial Land

Class

Class B

What's Special

Land | 2.75 acres <ul><li>Great restaurant lot on Spruce Street.</li><li>Can be the restaurant for My Place Hotel steps away.</li><li>Much paving already in place.</li><li>Join in the success of Cabela's, Walmart, Menards, My Place Hotel and Holiday Inn Express.</li><li>Co-listed with Janklow Eliason Real Estate; Mithell, SD </li></ul>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

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

Location & Travel Times

Similar Properties Nearby

📍

$985K

Class B

E Spruce St, Mitchell, SD 57301

Listed by Owner · For Sale