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$320,000 For Sale

7280 Freedom Ln
Summerset, SD 57718


1,800 sq ft

Commercial: Commercial - MLS# 138741
Property Photo
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Description

This property is listed by Phil Olsen, Broker, Olsen Real Estate, 605-390-8868. THE LAND AND BUILDING ARE FOR SALE ONLY – THE BUSINESS IS QUITE SUCCESSFUL BUT THE BUSINESS IS NOT FOR SALE! Own this NEWLY remodeled building on a 1/2 acre of land with the NEW Tenant - in fast growing Summerset, SD! The new Lease is signed through September 30, 2022. Lease starts at a base rent and escalates each year, stabilizing in years 4 and 5. ALL other costs (NNN) are paid by Tenant. Originally building was the Black Hawk Wells Fargo Bank. It was moved on this corner lot located at Sturgis Road and Freedom Lane in Summerset, SD around the 3rd Quarter 2017. Building sits on a new foundation, new service extensions, new parking lot & new landscaping. Complete interior remodel by Tenant that includes MPE. See Agent Only Remarks for showing instructions.

Features

  • Area: Piedmont Valley
  • Building Use: Restaurant, Other
  • Ceiling Height (Feet): 8-11 Feet
  • Construction: Wood Frame
  • Cooling: Central
  • County/Area: Meade County
  • Exterior Walls: Wood
  • Floor Covering: Tile, Carpet
  • Foundation: Poured
  • Heating: Gas
  • Interior Walls: Sheetrock
  • Leased: 100%
  • Listing Status: Active
  • Meters: Master
  • Parking: Asphalt/Off-Street
  • Physical Condition: Good
  • Property Type: Commercial
  • Quality: Good
  • Road Frontage: Highway, Major Artery
  • Roof Type: Composition
  • Safety Features: Smoke Detector
  • Services: City Water, City Sewer, Natural Gas, Electricity
  • Sq.Ft.: 1800
  • Sub Type: Commercial
  • Zip Code: 57718
  • View: Hills,City
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