905 Spruce StMitchell, SD 57301

Property Details for 905 Spruce St

Year built

2008

Lot size

2.39 AC

Property size (Sq ft)

10,466 SF

Property type

Commercial real estate

APN

15800-03400-101-20

APU

158000340010120

Description

This exceptional 4,920-square-foot restaurant space is ideally situated within the bustling Mitchell Towne Centre in Mitchell, South Dakota. Located at 905 E Spruce St, 57301, this single-tenant property benefits from a prime location at a signalized intersection, directly across from Walmart and Menards. The existing space features a well-designed layout suitable for a restaurant with dining and bar areas. The property boasts excellent visibility and accessibility, enhanced by its proximity to Interstate 90. This ensures high traffic volume and strong potential for customer reach. The strong co-tenancy includes national retailers such as Walmart, Menards, Cabela's, Dollar Tree, Cato Fashions, Hibbett Sports, Tokyo Japanese Cuisine, DaVita, Culver's, Hardee's, Kelly Inn, Corona Village Mexican Restaurant, and Tractor Supply Company. The lease is structured as a triple net (NNN) lease with a base rent of $22 per square foot, and an estimated NNN expense of $5.00 per square foot. This presents a compelling opportunity for restaurant operators seeking a high-traffic, established location in a thriving retail center within Davison County. The property is categorized as Retail and Restaurant.

• Alternative Use

  Use

  Valuation

  Residential

  $1,873,611

  Hospitality

  $1,716,218

  Educational

  $1,427,873

  Medical

  $1,476,980

  Retail

  $2,221,136

Location Insight

City

Mitchell

County

Davison

State

South Dakota

Latitude

43.687

Longitude

-98.0124

CBSA code

33580

CBSA name

MITCHELL, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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