404 Opal LnHartford, SD 57033

Property Details for 404 Opal Ln

Year built

2022

Construction

FRAME

Lot size

0.60 AC

Property size (Sq ft)

2,542 SF

Property type

Retail space

APN

92961

APU

92961

Description

This exceptional commercial property, situated at 404 Opal Ln in Hartford, South Dakota, presents a unique investment opportunity. Conveniently located just off Western Ave, this retail space boasts two separate suites, offering flexibility for a variety of business ventures. Each suite is designed to accommodate diverse operational needs, making it suitable for single or multi-tenant occupancy. A key feature is the inclusion of a built-in vault, providing enhanced security for valuable assets or inventory. The property includes a dedicated parking lot, ensuring convenient access for customers and employees, a significant advantage in a busy commercial area. Adding to its appeal is the inclusion of an additional 1.21-acre lot, providing significant expansion potential. This extra land offers the possibility of future development, allowing for growth and adaptation to evolving business needs. The asking price for this versatile and well-positioned property is $900,000. This represents a compelling opportunity to acquire a substantial commercial property in a thriving South Dakota community. The combination of its prime location, flexible layout, and expansion potential makes this an ideal investment for both established businesses and new ventures seeking a strong foothold in the Hartford market. Don't miss this chance to secure a property with significant long-term growth prospects.

• CAP approach

  CAP return

  Valuation

  6%

  $577,162

  6.5%

  $532,765

  7%

  $494,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $326,954

  Geo Method

  $326,954

• Alternative Use

  Use

  Valuation

  Residential

  $449,407

  Hospitality

  $411,655

  Educational

  $342,492

  Medical

  $354,271

  Retail

  $532,765

Location Insight

City

Hartford

County

Minnehaha

State

South Dakota

Latitude

43.6151

Longitude

-96.9512

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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