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$425,000
Est. payment /mo
6,224 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,224 sqft
Price per Sqft $68
MLS Listing ID 830292
Year Built 1999
Annual Tax Amount $269
Tax Year 2024
Lot Size 1.060 Acres
Acres 1.06
Property Sub-Type Commercial
Property Description
Spacious 6,224 SF Commercial Facility with Parking – Sold As-Is 505 Stanford St in Vermillion offers a rare blend of size, functionality, and land. Situated on two parcels totaling 1.066 acres, this versatile commercial property offers 6,224 square feet of finished space across two levels (3,360 sf main + 2,864 sf lower), this building is designed for functionality and adaptability. Formerly operated as a daycare center. the property is ideally suited for early learning, professional office, medical/therapy, nonprofit, institutional or specialized reuse. Highlights include a large main level with multiple rooms, and a layout conducive to classrooms, offices, or collaborative work areas, finished open lower level. The property is priced with updates in mind, but the strong bones and functional design make this a rare chance to secure a large commercial footprint with excellent parking in Vermillion. Bring your vision and take advantage of this property's size, accessibility, and adaptable design to create the ideal fit for your business or organization. To build a facility of this scale and parking new today would cost at least twice the price, making this a strong owner-user option or an attractive value-add investment with long-term upside. Discover an exceptional opportunity in Vermillion!
Location
State SD
County Clay
Area Surrounding Areas/Other Areas
Zoning GB
Interior
Heating Forced Air
Cooling Central
Inclusions Building, Land
Exterior
Exterior Feature Vinyl
Garage Spaces 40.0
Roof Type Shingle
Building
Sewer City
Water City
Schools
Elementary Schools Vermillion
Middle Schools Vermillion
High Schools Vermillion
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Listed by Maloney Real Estate
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