773 4Th St Huron, SD 57350

This exceptional investment opportunity presents two industrial buildings totaling 10,000 square feet on a 1.24-acre lot in Huron, South Dakota. The property, built in 1970 and renovated in 2022, consists of two single-story structures with a permitted commercial zoning. The larger building offers 7,200 square feet of heated and cooled space, including 3,600 square feet of currently unoccupied area, and boasts impressive 16-foot ceilings. The smaller building adds an additional 3,000 square feet. Currently 100% occupied with a single tenant under a modified lease expiring December 31, 2024, this property offers a strong pro-forma cap rate of 7.52% and a pro-forma NOI of $30,000. The asking price is $399,000, translating to $39.90 per square foot and $79,800 per unit. The property features five units and is classified as Class B. The location at 773 4th St NW, Huron, SD 57350, provides excellent access and visibility. This is an owner/user investment opportunity with significant potential for growth and return. The property includes a vacant lot north of the buildings, offering potential for future expansion.