10,084 Sq. Ft. Commercial Shop/Office Building – Castlewood, SD

address
209 Oak Street Castlewood, SD

      For sale for $339,900.00

      Home Description

        This commercial shop/office property located in Castlewood features a 10,084 sq. ft. building situated on a 1-acre (43,560 sq. ft.) lot. The property offers excellent positioning with the local grain elevator directly across the street and the football field just behind the site. The property is currently leased to Thompson Fabrication, LLC, operating as a welding business, under a triple net (NNN) lease, providing minimal landlord responsibilities. The tenant pays $2,250 per month ($27,000 annually), with a lease term running from October 1, 2025 through September 30, 2028. This investment offers stable in-place income with a 7.94% cap rate at the asking price of $339,900, making it an attractive opportunity for investors seeking predictable cash flow in a low-maintenance asset.

Additional Information

    LAND BROKERAGE FIRM & AUCTIONEERS Burlage Peterson Auctioneers & Realtors, LLC Land Brokers - Auctioneers - Realtors - Farm Managers Office@burlagepeterson.com or 605-692-7102 Brookings - Watertown - De Smet / burlagepeterson.com