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$ 1,100,000
Est. payment /mo
New
112 N Egan Ave Madison, SD 57042
11,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,600 sqft
Price per Sqft $94
Subdivision Other - Outside Jurisdiction
MLS Listing ID 22606587
Year Built 1908
Lot Size 6,969 Sqft
Property Sub-Type Retail
Property Description
DOWNTOWN MADISON COMMERCIAL INVESTMENT OPPORTUNITY! Located in the heart of downtown Madison, this well-maintained commercial building, featuring tons of new renovations, offers an excellent opportunity for an investor seeking established tenants, long-term leases, and strong income potential. The property features approximately 11,600 total square feet with two established tenants occupying separate levels. The main floor, approximately 5,800 square feet, is leased to Anytime Fitness, while the approximately 5,800-square-foot upper level is leased to Bulldog Media Group. Both tenants are secured with 5-year leases, providing a combined gross annual income of $98,400.
Recent capital improvements add value and peace of mind, including new mechanical systems completed within the past year and a new roof installed approximately two years ago. The building also features a freight elevator, providing convenient access between floors and added flexibility for commercial use. Located in downtown Madison, the property offers a central location surrounded by local businesses, services, and the community's established commercial district. With quality tenants, long-term leases, recent updates, and a strong income stream, this property is a great opportunity to add a stabilized commercial investment to your portfolio.
Recent capital improvements add value and peace of mind, including new mechanical systems completed within the past year and a new roof installed approximately two years ago. The building also features a freight elevator, providing convenient access between floors and added flexibility for commercial use. Located in downtown Madison, the property offers a central location surrounded by local businesses, services, and the community's established commercial district. With quality tenants, long-term leases, recent updates, and a strong income stream, this property is a great opportunity to add a stabilized commercial investment to your portfolio.
Location
State SD
County Other (out Of Jurisdiction)
Area Other
Zoning Commercial
Interior
Flooring Carpet, Tile
Exterior
Roof Type Composition
Building
Story 2.0
Others
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