rally retail for sale
TRANSCRIPT
Chris Long, CCIMCommercial [email protected]
Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.com
Your Property...Our PrioritySM
Exclusively listed by:
M R . A L’ S & M R . A L’ S TO O
Faith LewisBroker [email protected]
RALLY RETAIL FOR SALE1219 & 1251 Main Street, Sturgis, SD 57785
Updated July 2019
Your Property...Our PrioritySM
Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
PROPERTY SUMMARY1219 & 1251 Main Street, Sturgis, SD 57785
1219 Main Street Property Details Building Size (Approx.): 11,250 SF (150’ x 75’) Attic - 4,000 SF Acres: 0.35 Acres Zoning: General Commercial Year Built: 1927 Parcel ID: 01.71.17.04 Legal Description: ORIGINAL TOWN W 2.5’ LOT 3; LOTS 4-7 BLK 17 Taxes (2018): $14,631.16 Special Assessment (2018): $206.01 Ceiling Height: 12’ Overhead Doors: 8 total (1 - 12’ x 12’; 1 - 13’ x 10’; 4 - 8’ x 13’; 2 - 6.5’ x 7)
Sale Price: $1,340,000
1251 Main Street Property Details Building Size (Approx.): 6,750 SF total (135’ x 50’) Acres: 0.172 Acres Zoning: General Commercial Year Built: 1994 Parcel ID: 01.71.17.11 Legal Description: ORIGINAL TOWN LOTS 11, 12 BLK 17 Taxes (2018): $7,912.34 Special Assessment (2018): $400.00 Ceiling Height: 14’ Overhead Doors: 9 total (1 - 12’ x 14’; 1 - 12’ x 12’; 1 - 8’ x 7’; 4 - 6’ x 7; 2 - 6’ x 6’)
Sale Price: $925,000
Property Highlights• Flex buildings with highly desirable Main Street frontage in Downtown Sturgis.• Both buildings house booth rentals to apparel and souvenir vendors during the Sturgis Motorcycle
Rally. Rents start at $1,600 per booth.• Off season, buildings convert to storage facilities for vehicles, motorcycles, boats and RV’s - monthly
rates between $30 and $60 (see chart below)• Local building manager maintains buildings and handles moving in and out vehicles in the off season• Potential to sell ads/banners - $50 for banners out front• 8 camera security system, WiFi in both buildings• Great air flow keeps the buildings cool, making these buildings a preferred spot for vendors
1219 Main St• 105’ of Main Street frontage, adjacent to Harley-Davidson Plaza at Main and 2nd St/Harley-Davidson
Way• Space for 80 vendor booths and tented outdoor parking lot next to the building accommodates a food
court with customer seating and up to 6 food vendors; 3 tents and false front included with sale• Small office space and 2 vendor-only restrooms on the main level• Attic fans in storage area add efficient cross-ventilation
1251 Main St• Highly desirable corner location with 200’ of frontage on 3rd & Main St. Across from popular rally bar/
restaurants - Loud American Road House and One-Eyed Jack’s Saloon• Space for 40 vendor booths; 17 with street front customer windows. • Two vendor-only restrooms in a portable out building on the alley side of the building
Storage Rates (September - July)Rate/Mo w/ Tax
Automobiles $45.00 $47.93Bikes and Trikes $30.00 $31.95Boats & RV’s/Campers25’ or less $45.00 $47.9326’-30’ $48.00 $51.1231’ - 35’ $50 $53.2536’-40’ $55 $58.5840’ and over $60 $63.90
Your Property...Our PrioritySM
Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
AERIALDowntown Sturgis
LAZELLE ST
MAIN ST
SHERMAN ST
4TH
ST
3RD
ST
2ND
ST (H
arle
y-Da
vids
on W
ay)
1ST S
T
OASIS BAR & FIRESIDE
LOUNGE
Harley-DavidsonRally Point
SturgisCommunity
Center
JUN
CTIO
N A
VE
Mr. Al’s Too1251 Main St Mr. Al’s
1219 Main St
Your Property...Our PrioritySM
Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
FLOOR PLAN & PHOTOSMr. Al’s, 1219 Main Street, Sturgis, SD 57785
8’X8’11
18’X14’
28’X10’
38’X10’
4
58’X10’
8’X10’
68’X10’
7
8
98’X10’
8’X10’
8’X10’
108’X10’
128’X10’
138’X10’
2310’X10’
22
21
2010’X10’
10’X10’
10’X10’
1910’X10’
1710’X10’
1610’X10’
3410’X10’
35
36
3710’X10’
10’X10’
10’X10’
3810’X10’
4010’X10’
4110’X10’
10’X10’46
5110’X10’
52
538’X10’
OFFICE
54 56
5710’X7.5’
75
76
777’X12’
807’X14’
557’X14’
787’X8’
797’X8’
7’X12’
7’X12’
698’X10’
708’X10’
718’X10’
728’X10’
738’X10’
748’X14’
688’X10’
678’X10’
6610’X8’
4310’X8’
4210’X8’
1511’X8’
1412’X8’
10’X7.5’
2610’X8’
288’X14’
278’X8’
3013’X8’
2913’X14’
2510’X10’
2410’X10’
3110’X8’
3210’X10’
3310’X10’
10’X8’ 10’X8’
50
49
4810’X10’
10’X10’
10’X10’
4710’X10’
4510’X10’
4410’X10’
10’X10’63
5810’X10’
59
60
6110’X10’
10’X10’
10’X10’
6210’X10’
6410’X10’
6510’X10’
w.c.w.c.
MAIN STREET
ALLEY
TABLE
TABLE
TABLE
TABLE
TABLE
TABLE
TABLE
TABLE
TABLE
TABLE
A210’X25’
A310’X30’
A410’X30’
A110’X25’
A56’X12’
A66’X12’
13’ X 10’DOOR
13’ X 8’DOOR
13’ X 8’DOOR
13’ X 8’DOOR
13’ X 8’DOOR
6.5’ X 7‘DOOR
6.5’ X 7‘DOOR
12’ X 12’DOOR
Vendor Layout
Your Property...Our PrioritySM
Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
FLOOR PLAN & PHOTOSMr. Al’s Too, 1251 Main Street, Sturgis, SD 57785
THIR
D S
TREE
T
8’X8’10a
18’X16’
228’X16’
238’X16’
448’X16’
28’X10’
38’X10’
48’X10’
58’X10’
68’X10’
78’X10’
88’X10’
98’X10’
108’X10’
218’X10’
208’X10’
198’X10’
188’X10’
178’X10’
168’X10’
158’X10’
148’X10’
138’X10’
248’X10’
258’X10’
268’X10’
278’X10’
288’X10’
298’X10’
308’X10’
318’X10’
328’X10’
438’X10’
428’X10’
418’X10’
408’X10’
398’X10’
388’X10’
378’X10’
368’X10’
358’X10’
A8’X10’
B8’X10’
C8’X10’
D8’X10’
118’X12’
128’X12’
338’X12’
348’X12’
OUTSIDE
6’ X 6’DOOR
WINDOW
WINDOW
WINDOW
WINDOW
WINDOW
WINDOW
WINDOW
WINDOW
WINDOW
WINDOW
WINDOW
OUTSIDEOUTSIDE OUTSIDE
2A8’X8’
MAIN STREET
WINDOW
6’ X 7’DOOR
6’ X 7’DOOR
12’ X 14’DOOR
8’ X 7’DOOR
6’ X 6’DOOR
6’ X 7’DOOR WINDOW
6’ X 7’DOORWINDOW
12’ X 12’DOOR
Vendor Layout
Your Property...Our PrioritySM
Keller Williams Realty Black Hills | 2401 West Main Street, Rapid City, SD 57702 | 605.343.7500 | www.RapidCityCommercial.comDisclaimer: The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
FINANCIAL SUMMARY 1219 & 1251 Main Street, Sturgis, SD 57785
Chris Long, CCIMCommercial [email protected](605) 939-4489
Mr Al's - 1219 Main St Mr Al's Too - 1251 Main St
Financial Summary - 2017/2018 Financial Summary - 2017/20182017/2018 2017/2018
Average AverageRally Income $144,145 Rally Income $91,667Storage Income $13,085 Storage Income $5,603Total Income $157,230 Total Building $97,271
EXPENSES EXPENSESReal Estate Taxes 14,271$ Real Estate Taxes 7,718$
Repairs 439$ Repairs 792$ Management 3,577$ Management 1,788$
Sales Tax 819$ Sales Tax 342$ Insurance 1,803$ Insurance 1,803$
Utilities 6,403$ Utilities 1,786$ Annual Total 27,311$ Annual Total 14,229$
NET OPERATING INCOME 129,919$ NET OPERATING INCOME 83,042$
Price ValueCapitalization Rate 9.7% $1,340,000 Capitalization Rate 9.0% $925,000