400 Bower St | Vermillion, SD 57069
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400 Bower St
Vermillion, SD 57069
Retail Encircled by Demand Drivers · Retail Property For Sale
Investment Highlights
- Superbly situated 30,800-SF shopping center strategically shadow-anchored by a Walmart Supercenter in the college town of Vermillion, South Dakota.
- Incredible value-add investment opportunity in a growing market with compressed vacancies, no supply-side pressures, and rising retail rental rates.
- Advantageously located near significant demand drivers, including Hy-Vee, McDonald’s, O’Reilly Auto Parts, Burger King, Runnings, and Ace Hardware.
- Perfectly sandwiched between two city landmarks, the Polaris Factory and University of South Dakota are less than a mile from the retail/office asset.
- Highly visible from Highway 50 with exceptional accessibility to major thoroughfares via a 3-minute commute to SD 19 and an 8-mile drive to I-29.
- Ideally established in an Opportunity Zone, providing possible tax incentives to a new owner deploying capital in the area.
PROPERTY FACTS
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
30,800 SF
Building Class
B
Year Built
2008
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Zoning
GB - General Business
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 15415-00200-080-00 | Improvements Assessment | $722,048 |
| Land Assessment | $308,133 | Total Assessment | $1,030,181 |
PROPERTY TAXES
Parcel Number
15415-00200-080-00
Land Assessment
$308,133
Improvements Assessment
$722,048
Total Assessment
$1,030,181
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