2101 Sherman StSturgis, SD 57785

  • Commercial real estate
  • 0.40 AC
For Sale
$299,000 View listing

Property Details for 2101 Sherman St

Lot size
0.40 AC
Property type
Commercial real estate
APN
01.51.0I.01
APU
01510I01

Description

This expansive 2,667 square foot shop in Sturgis, South Dakota, presents a unique investment opportunity. Situated on a desirable 0.31-acre lot, this property boasts two oversized bays, each equipped with gas heat and electricity. A significant feature is a 10,000-pound capacity vehicle hoist in the north bay, perfect for auto enthusiasts. The high ceilings provide ample workspace. Adding to the property's versatility is a substantial 8-inch thick, reinforced 60' x 90' concrete pad at the rear, complemented by a newly constructed spacious storage shed. The shop's convenient location next to Harlow's bus barn ensures high visibility. To assist with customization, the sellers are offering a $15,000 buyer's credit, which can be used towards the installation of a bathroom or for any necessary repairs. This property is ideal for a variety of uses, from automotive repair to storage and more. Don't miss this chance to own a substantial commercial property in the thriving town of Sturgis.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,745,646
    Hospitality
    $4,346,986
    Educational
    $3,616,642
    Medical
    $3,741,024
    Retail
    $5,625,888

Location Insight

City
Sturgis
County
Meade
State
South Dakota
Latitude
44.4153
Longitude
-103.526
CBSA code
39660
CBSA name
RAPID CITY, SD METROPOLITAN STATISTICAL AREA

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
$2,300
$52,060
$83,566
$135,626
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-
-
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