36 6Th StCuster, SD 57730

  • Commercial real estate
  • 1,100 SF
For Sale
$325,000 View listing

Property Details for 36 6Th St

Year built
1900
Lot size
0.07 AC
Property size (Sq ft)
1,100 SF
Property type
Commercial real estate
APN
7976
APU
7976

Description

This exceptional commercial property, located at 36 N 6TH ST, Custer, SD, presents a lucrative investment opportunity. Situated just half a block from the bustling Mt. Rushmore Road, Custer's main business district, this retail building enjoys high visibility and convenient access. The 0.03-acre lot includes alley access, a side parking lot, and ample street parking for customers and employees. Currently operating as a floral shop, the building's versatile layout has also accommodated office use in the past. The interior features a cooler room, a dedicated office space, a restroom, and a spacious work area, offering flexibility for a variety of businesses. The property boasts a strong rental history, currently leased at $1800 per month with the tenant responsible for utilities. Significant improvements have been made in recent years, including a new membrane roof (2023), new gutters, and a new water heater. Previous owners completed extensive remodeling, updating windows, flooring, and other key features. The building benefits from efficient climate control, utilizing mini-split systems for cooling and heating, supplemented by baseboard heating. While the current lease runs until April 2025, the sale can be finalized at any time, making this an attractive option for immediate or future investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $300,825
    Hospitality
    $275,554
    Educational
    $229,258
    Medical
    $237,142
    Retail
    $356,623
36 6Th St, Custer, South Dakota

Location Insight

City
Custer
County
Custer
State
South Dakota
Latitude
43.7674
Longitude
-103.599

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,582
$32,994
$143,800
$176,794
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