2281 Colorado BlvdSpearfish, SD 57783

Property Details for 2281 Colorado Blvd

Year built

2010

Lot size

1.06 AC

Property size (Sq ft)

6,036 SF

Property type

Showrooms

APN

32460-00000-000-72

APU

324600000000072

Description

This exceptional commercial property, located at 2281 E Colorado Boulevard in Spearfish, South Dakota, presents a unique investment opportunity. The building boasts 5,932 square feet of well-maintained space situated on a generous 1.06-acre lot. Its prime location within Spearfish offers excellent visibility and accessibility, benefiting from the city's business-friendly environment and strong potential for growth. The property is priced significantly below replacement cost, representing a compelling value proposition for discerning investors. The building's high-quality construction ensures durability and longevity, minimizing future maintenance expenses. This makes it an ideal investment for a variety of commercial uses, providing ample space for expansion and adaptation to suit diverse business needs. The substantial lot size offers additional potential for future development or expansion of existing operations. Spearfish's reputation as a thriving community with a supportive business climate further enhances the property's long-term prospects. This is a rare opportunity to acquire a well-located, high-quality commercial property in a dynamic and growing market at a highly competitive price. Serious inquiries are encouraged to explore the full potential of this exceptional offering. The property is ready for immediate occupancy and presents a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,119,961

  6.5%

  $1,956,887

  7%

  $1,817,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,994,151

  Geo Method

  $1,256,710

• Alternative Use

  Use

  Valuation

  Residential

  $1,650,707

  Hospitality

  $1,512,039

  Educational

  $1,257,999

  Medical

  $1,301,263

  Retail

  $1,956,887

Location Insight

City

Spearfish

County

Lawrence

State

South Dakota

Latitude

44.476

Longitude

-103.822

CBSA code

43940

CBSA name

SPEARFISH, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].