812 E 5th St Canton, SD 57013

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$ 359,000

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Active (85 Days)

Broker Reciprocity

Keller Williams Realty-SF

Last Updated: 8/1/2021 7:00 AM

MLS: 22104483

812 E 5th St
Canton, SD 57013

Type: Business Opportunity

Subdivision: College Addn

Listing Description

Turn-key investment opportunity to own a well established motel and storage units on a large .74 acre lot! Convenient location on Highway 18 in Canton with access from both College St. and 5th St. Located nearby Pizza Ranch, Taco Johns, Sunshine Foods, Auto Pros, and two gas stations. The current owners have poured their heart and soul into this property. It's a great opportunity for an owner operator or an investor because the work has already been done, and it can qualify for owner-occupied tax status with business write-offs and tax deductions. The motel has over 4,000 sq.ft. of living space divided into 14 units and a Managers/Owners suite. Additional revenue potential with lot/land/parking/storage units, in addition to vending machines and coin operated laundry. Canton attracts travelers and industry professionals from I-29 as well as the bordering state of Iowa. Invest today in the established and growing community of Canton!

Property Details

Acres: 0.7414
Area: SF-90
Year Built: 1956
County: Lincoln
Subdivision: College Addn
Sale/Rent: For Sale
Sale/Lease: For Sale Only
Zoned: General Commercial
Type: Business Opportunity
Structure Square Ft: 4,070
Lot Square Ft: 32,295
Directions: On the corner of Canton HWY 18 (5th St.) and N College St.

Financial Information

Taxes: $3,967.54
MLS: 22104483
Legal Description: CANTON-COLLEGE ADD - LOTS 14-15-16 - BLK 7 & CANTON-COLLEGE ADD - LOTS 17 & 18 - BLK 7
MLS Area: SF-90
Parcel ID Number: 200.45.07.016 & 200.45.07.018

Listing

Status: Active
Property Disclaimer: Information deemed reliable but not guaranteed.

Broker ReciprocityThe data relating to real estate for sale on this web site comes in part from the REALTOR® Association of the Sioux Empire, Inc. Real estate listings held by brokerage firms other than the Sioux Falls Real Estate Group Hegg Realtors are marked with the IDX logo. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor the Sioux Falls Real Estate Group Hegg Realtors shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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