Morgen Square

1101 S. Broadway Street Yankton , SD

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Sale Price: $3,200,000

Building Size: 45,656 sq. ft.

Total Available Space: 45,656 sq. ft.

Property Type: Investment | Retail

Year Built: 2005

Property Description

Property Features

  • 45,656 sq. ft. retail/office center
  • 12,6352 net rentable sq. ft. available for lease
  • Land size is 4.8 acres
  • Ideal for a 1031 exchange
  • Tax Increment Financing w/approximately $200,000 tax credit
  • 208 paved parking spaces
  • Monument & building signage
  • Co-Listed with Dan Guthmiller, Lewis & Clark Realty

Pricing

  • List Price is $3,200,000 ($66.73/Sq. Ft.)
  • 2013 - 2015 Average Net Operating Income = $267,115 which yields 8.3% cap rate
  • Financial information provided to qualified buyers upon request.
  • 2016 Real Estate Tax is $47,804

Location

  • Located on S. Broadway Street (Hwy 81) in Yankton, SD
  • High traffic location with excellent exposure and access
  • Area neighbors include Taco Johns, Karl’s TV & Appliance, Floor to Ceiling Store & Broadway Inn

Brokers

Dennis Breske, CCIM, SIOR, MBA

Senior Vice President

Office Phone: (605) 444-7100

Dennis founded NAI Sioux Falls in June of 1999 and has over 20 years' experience in the Sioux Falls commercial real estate marketplace. Dennis has completed over 1,000 commercial real estate transactions and is widely regarded as one of the most professional and knowledgeable agents in the Sioux Falls market. 

View Dennis' Profile