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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. BUSINESS IS QUITE SUCCESSFUL BUT NOT FOR SALE! However, own this NEWLY remodeled building on a 1/2 acre of land with the NEW Tenant - Neighbor's Grub and Pub in fast growing Summerset, SD! Lease is signed through September 30, 2022. Lease starts at $1200/month; 10/1/2018 lease increases to $1300/month; 10/1/2020 lease increases to $1400/month; Years 4 and 5 are set at $1500/month. 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 around the 3rd Quarter 2017. Building sits on a new foundation, new service extensions, new parking lot & new landscaping. Complete interior remodel includes MPE. The new real estate only investor shall enjoy a good ROI depending on the amount of money used as a down payment if financed, or, if the new owner uses all cash. High growth area!

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