210 W Center St, Madison, SD

210 W Center St, Madison, SD - Get Directions

210 W Center St, Madison, SD

210 W Center St, Madison, SD - Get Directions
  • $2,500,000
 

Details

 

    $2,500,000

    Multi-Family

  • Property ID: 827636
  • Total Sq. Ft.: 52044 Sq Ft
  • Acres: 0.77 Acres
  • Year Built: 1920
  • Property Status: For Sale
  • Taxes: $18654
  • Garage Spaces: 31

Description

The Heritage High Apartment complex is a newly renovated apartment building located just blocks away from restaurants, shopping centers, and other local amenities. The unit mix is composed of six one-bedroom apartments, and twenty-five two bedroom apartments. The historical building has had major capital improvements on top of being completely renovated in 2020. Other improvements over the years include a new clay tile roof with a 75 year warranty, parking lot to the West has been recently resealed and striped, and $200,000 has been invested into the underground parking garage in 2024. This improved property can produce additional revenue through the 14 coin-operated washers/dryers, rent increases, cable fees, and parking fees on the 31-spot underground parking garage. Note: All SF are estimated.

 

MLS Information

 
Below Grade Finished Square Feet10314
Contingency TypeNone
CountyLake
Legal DescriptionLOT B1 HERITAGE ADD #60M
Main Square Feet13970
Rental Income274200
RentedYes
Tax Year2023
Units31
ZoningCommercial

MLS#: 827636; Listing Provided Courtesy of Gateway Real Estate Advisors (712-898-8372) via Northwest Iowa Regional Board of REALTORS. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

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