1113 SHERMAN ST $675,000


    1113 SHERMAN ST Sturgis, SD 57785

    • 0.12 Acres
    • Commercial
    • MLS# 156040
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    Views: 14 Days On Site: 18

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    Property Details

    4 monthly residential rentals on second floor. Two 2 bedroom apts., and two one bedroom apts. 2 BR apt. lease ends on July 31, 2022. The other 2 BR apt. lease ends June 1, 2022. 1 BR apt. lease ends on May 1, 2022. The other 1 BR lease ends on Feb 1, 2022. There is a commercial tenant on the first floor. That lease end June 1, 2024. There is ample space to add 3 additional apts. on the first floor (in addition to the commercial renter). The highest and best use in my opinion is to lease the building as nightly rentals. All existing apartments have kitchens, which brings a premium during the Rally. On the first floor it is possible to convert on of the nightly rentals into an apt. with 3 bedrooms and add a kitchen. All 2 or 3 additional apts. on the first floor would have lockable access to the 3 BR with kitchen for a larger group that wants to share a kitchen yet have separate sleeping areas. The building is well-constructed an in good shape.

    • General Features
      • View City
      • Auction Y/N No
      • Area Northern Hills
      • Sale/Rent For Sale
    • Building Features
      • Basement None
      • Construction Wood Frame
      • COOLING Central
      • Exterior Walls Brick
      • FLOOR COVERING Carpet
      • INTERIOR WALLS Sheetrock
      • ROOF TYPE Rubber
      • SqFt Total1 5550
    • Property Features
      • PARKING Concrete/Off-Street,On-Street
      • ROAD FRONTAGE City/County





    Primary: 605-421-0306


    57785 (Sturgis) Demographics

    46 Median Age
    16 Population Density (per sq. mile)
    28% College Educated
    $48,740 Estimated Median Income
    2,864 Estimated Total Home Owners
    1,450 Estimated Total Renters
    66% / 34% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    9,380 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    22 New On Market

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      Properties for Sale

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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $675,000
        9/3/2021 3:23:00 PM New in Database Source: Multiple Listing Service New Value: $675,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.