312 N Lawler St - Apartments FOR SALE


Mitchell, SD 57301
$1,850,000 USD
320-309-2180
312 N Lawler St, Mitchell, SD for Sale
$1,850,000 USD
Apartments - FOR SALE
1/20
null | 6.8% Cap Rate

312 N Lawler St
Mitchell, SD 57301


HIGHLIGHTS

  • Downtown location with walkable access to local amenities and employers
  • Diversified revenue from residential, commercial, and ancillary income sources
  • Historic brick construction built in 1905

OVERVIEW

The 312 N Lawler Apartments presents an opportunity to acquire a stabilized mixed-use asset in the downtown core of Mitchell, South Dakota. The property consists of 23 apartment units and 3 commercial suites, offering diversified income streams and consistent in-place cash flow, with additional upside through operational efficiencies and targeted improvements

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

26

PRICE/UNIT

$71,154

CAP RATE

6.8%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lawler Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,201 SF

ZONING

Commercial

APN/PARCEL ID

15520-00100-007-00

ASK ABOUT THIS PROPERTY

Derek DittmerMeta Realty LLCMore Info
320-309-2180

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Derek DittmerMeta Realty LLCMore Info
320-309-2180

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.