Brookings Multi-Use Investment

309 5th Street, Brookings, SD, USA
Download Spec Sheet
  • Total Available Space: 14,543 sq. ft.
  • Building Size: 14,543 sq. ft.
  • Suite Size: 14,543 sq. ft.
  • Lot Size: 0.15 acres
  • Year Built: 2011
  • Sale Price: $1,400,000

Property Features

  • Fully-leased investment property in downtown Brookings
  • First floor year built: 1956 2nd & 3rd floor added in 2011
  • First floor renovated: 2011
  • Building size: 14,543 sq. ft.
  • Lot size: 6,500 sq. ft. (65’ X 100’)
  • 9 Units each with washer & dryer
  • Wooden Legs Brewery & Pub
  • Secured entrance

Pricing

  • Price Reduced: $1,400,000
  • 2019 Real Estate Taxes Total: $12,781.28
  • Cap Rate: 6.6%
  • Financials available upon request

Location

  • Area neighbors include: First Bank and Trust, Fishback Financial Corporation, Post Office, Nick’s Hamburger Shop, Children’s Museum of South Dakota, South Dakota State University
  • Within one block of proposed redevelopment of old armory – new 72-room hotel

Property Broker