Active

$1,425,000

Property Description:

610 W 23rd St.
Yankton, SD 57078

Excellent investment opportunity yielding 7.8% cap rate at current occupancy levels (80%). Huge upside potential. The tenant lineup is a mix of high quality, long term anchor tenants, as well great newer tenants. The property is easy to own and manage. Marne Creek Professional Center 1 was built in 1989, is all brick veneer, and has 11,679 rentable square feet. Professional Center II was built in 2006, has brick veneer on two sides, steel on two sides and has 6,570 rentable s.f. There is potential to add onto this building expanding the square footage. The assessment for the construction of Green Street will be paid by the Seller at closing. Listing Agent has ownership in property.

610 23rd St - MLS Data Sheet.pdf

Property Details:

Highlights:

County:	Yankton
Lot Size:	5.6 Acres
Acres:	5.6
Sq. Ft.:	22044 *MOL
Built:	1989
MLS:	0902026

Additional Details:

Property Type:	Commercial
Annual Taxes:	11976
Level(s):	1
Heating:	Forced Air, Natural Gas
Cooling:	Central

Presented By:

Jim Trucano, Realtor
(712) 224-2300
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