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515 Main St, Webster, SD 57274

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For Sale

$175,000

3 beds • 3 half baths • 4,500 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $38.89
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

OPEN HOUSE NOV 8TH CANCELED DUE TO SNOW The best business opportunity i have seen, rated G for general commercial, which can be commercial, residential or both. Estimated value for the building used commercially totally fixed is around $525,000 and i estimate it needs at least 30k of work, but to modify it for a customized use to make it your own you spend 100k, so you still have some built in equity, now every use is different but the numbers make financial sense. Now you can spend more depending on how much you customize, but numbers are in the buyers favor and you can make it what you wish. It also has history, an olde world tartaria style brick downtown building, with hard wood floors underneath the carpet and remove the 1970s drop ceiling and elevate the space. Space in back for a deck/garage area, approx 3-4 parking spaces, enough room for an RV in back. At this point it is definitely a fixer but it can definitely be a show stopper with someone willing to put in some work. It was groseks tire shop, the mayors dad owned it for a time, It was a small Sears location with appliances in the basement, in the past. The reason for the ramps on the stairs. with 4500 sf of space between the first floor and basement. Much more room than it appears. The front vandalized window needs replacing, the back wall of the building needs attention, has an issue where the wall and roof meet. See the plastic sheet in the back room and the back door needs replacing. The old outdated furnace was removed, needs a new furnace/AC installed. This building needs someone to love it and see its hidden beauty and history. We have removed most of the owners items so you can see your dream vision, business/use. Whether you need office space, retail business, restaurant/burgers, capsule hotel, or what ever small business you have in mind. This is a great location for a business, with all the lakes around webster, many hunters and fishermen and campers end up in the area. Sold AS IS. Will consider any reasonable offers.
MLS# 22507492

Courtesy Of eXp Realty, LLC

(605) 988-6209

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Carpet, Concrete, Wood
  • Lot Size
    0.08 Acres
  • Rooms
    Basement

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Directions to 515 Main St, Webster, SD 57274

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.