$3,249,000
MLS #: 177291

Description of 5626 FARGO LN, Rapid City, SD 57701

Listed by Brian Gill, with CENTURY 21 ClearView Realty, (605) 641-3465. Introducing a versatile commercial investment opportunity with a very desirable location near all the medical facilities around Monument Health Hospital, known as the "Medical Mile". Exceptional functionality and great visibility off of Catron Boulevard just 1/2 mile from the Stumer Rd. Walmart. This attractive newer two year old property has a total of 17,400 sq. ft., with 10 units and runs 100% occupancy. Tenants are all high quality, well established businesses with long term leases and options to renew. Enjoy the passive income opportunity with the flexibility for either 100% multi-tenant occupancy, or partial rental income for an owner occupant. This location is poised to take advantage of the Catron Boulevard / 5th Street expansion that has been ongoing and will be ramping up in the near future. Each unit has both front and rear off street parking, with heated concrete zero entry front entrances, 14 ft. ceilings and a 12 ft. overhead door with an additional entrance in back. This is NOT a metal warehouse building. This is a high quality Business Park constructed conventionally with 2x8 walls and is extremely well insulated and energy efficient. It has 15 Security Cameras throughout the exterior of the property. Six out of the 10 tenants are medical related businesses with their own security system in place. Gas and electric services are metered separately, and water is divided among all the tenants at $40 monthly. Landscaped areas have a time saving drip system in place for convenience and ease of maintenance.

Property Features of 5626 FARGO LN, Rapid City, SD 57701

TYPE
Office
Community
Southeast
Features
Central air
Off street parking
Metal exterior
Frame exterior
Present use: Office,Retail
Concrete floors
Carpet
Tile flooring
Metal roof
Slab basement
Asphalt driveway
Public sewer
Public water
Natural gas
Total square feet: 17400
Living square feet: 17400
For sale
Courtesy of: CENTURY 21 CLEARVIEW REALTY BRIAN GILL

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