Home Journal - February 2015 by Ernie Wood

The Home Journal, February 2015

Dave Wilson owner/Broker/ auctioneer Cell 605-490-9959

R.T. shaW Broker associate Cell 605-490-1176

ChaD GRahek Broker associate Cell 605-391-5906

FoR UPCoMinG Real esTaTe aUCTions, Please check our web site for the most current info www.sturgissd.com oFFiCe 605-347-7579 Fax 605-347-7596 We specialize in real estate auctions, farm & ranch properties, residential, commercial and rally properties.

Commercial listings!

$309,900 Mls 46547

easy Rider’s saloon Mls 44719

Famous year-round bar and restaurant in downtown Sturgis. Perfect venue for the annual Sturgis Motorcycle Rally! Encompassing almost an entire city block, Easy Rider’s Saloon comes complete with equipment, furnishings, and more! Updated on MLS!

Call Dave

$249,000 Mls 45023

1500 + sq. ft. retail building located in the middle block of the 5 blocks dedicated to the annual Sturgis Motorcycle Rally. This prime location for year-round business and other annual events make this a great income property!

Located at 1801 LaZelle Street in Sturgis, this 15,000 sq. ft. lot sits right on the NW corner of 8th St. and LaZelle. This space is perfect for vending during the Annual Sturgis Motorcycle Rally and other events. With the 75th Annual Sturgis Motorcycle Rally getting closer, you won’t want to miss out on this opportunity!

Call Dave

$649,900 Mls 46565

This versatile retail building is easily spotted from Lazelle Street! The total leasable area includes 4,720 sq. ft. while 3,080 sq. ft. is already leased for the next 5 years. With great frontage, rally vendors are very keen on this area! Excellent income property!

Call Dave

The Mangy Moose saloon $650,000 Mls 46090

Real Estate only is for sale! 5222 sq. ft. building with 74’ of the Heart of Hill City frontage. Located in the middle of Main St. and remodeled in 2009. Log canopy added to the front for retail sales - perfect for tourist season and the annual Sturgis Motorcycle Rally! This property has been occupied by a reputable tenant for previous years. Sold with current lease attached to the sale - great income property!

Call Dave

Residential listings!

$37,500 Mls 43594

Beautiful lot outside of Belle Fourche. 2 acres on Canyon Lane. Owner financing available!

Call Dave

$1,350,000 Mls 46092

3 historic buildings perfect for vending space, bar, restaurant, merchandise sales, and more! Selling 1100, 1102, 1108 Main St., City of Sturgis Malt Beverage License, bar/ restaurant business, and equipment. These properties are a great investment for yearround business and annual events!

Call Dave

$60,000

$87,900 Mls 43952

4BR/2BA home located along Hwy 85, Belle Fourche. Outside of the house and trim freshly painted September 2014! Home’s interior has been updated and a new roof was constructed in 2012. Super buy!

Call Dave

WeBsiTe DoMain FoR sale: WWW.sTURGisRallY.CoM

Mls 45062

Excellent opportunity to own and establish domain name with verified traffic! Current website content is included in purchase. CALL DAVE

14 WeST MT. RuSHMORe RD. CuSTeR, S.D. Call for the Southern Hills’ best selection of property!

Ron Bradeen Owner/Broker

Jeff Storm Broker Assoc.

Don Kistler Broker Assoc.

Carol Wood Broker Assoc.

evenings & Sun. by Appt.

See all of our listings at www.realestatecenters.com/Custer

Anne Fuchs ABR, SFR Broker Assoc.

Janice Tuthill Broker Assoc.

Mark Wiley Broker Assoc.

HAlF ACRe lOT

Well KepT

BuYeR iNCeNTive

OpeN MeADOW AND piNe

Perfect HALF ACRE lot, with a one level 2 bedroom 2 bath home, carport set on concrete, 2 storage sheds and very private back yard. Space for garage, RV parking and garden area. Home was completely remodeled in 1996, addition in 2000. New roof in 2014. Maintenance at a minimum!!! MLS# 46563 $134,000

3 to 4 bedroom, 2 bath home with attached garage situated on 4 acres at the end of Golden Slipper Road. Forest Service access, heated shop, car/RV port, and storage shed. Spacious family or vacation home, open floor plan, natural slate fireplace in Master bedroom/ great room, wood stove in family room. Short distance to Rapid City, Deadwood and recreational areas. Great retreat! MLS #46785 $290,000.

$324,900 for this 7bd, 6 bth. home. Charm, history, & extreme versatility for a Home, Business or Both. Just minutes from Crazy Horse, Jewel Cave, Wind Cave, Custer State Park and Mt. Rushmore! Over 1 acre, off street parking, spacious yard, 24x32 det. garage, storage shed & potting shed.You just have to see this home! VERY MOTIVATED SELLER Call Agent for details on BUYER’S INCENTIVE offered by Sellers. $324,900 MLS# 39899 and MLS # 39927

10326 Turkey Trail Road. Conveniently located between Newcastle WY and Custer SD. Great buy on this 1876 Sq. ft. home nestled on 18.24 acres. Spacious 30 X 40 metal building for all your toys! Nice balance of open meadow and scattered Ponderosa Pine. MLS# 41842 $179,000

ReDuCeD-ReDuCeD-ReDuCeD!!

DupleX OR FAMilY HOMe

BORDeRS FOReST SeRviCe

HigHlY MOTivATeD SelleR!

Low maintenance--move in ready! 2016 sq.ft. 3 bdrm. 2 bath home. Beautiful cultured stone fireplace showcases the open floor plan. Vaulted ceilings, kitchen with center island, family, dining, living room and mud room. Partially covered two level deck, back yard enclosed with chain link fence and a 12x12 storage shed. MLS# 43857 $93,000

$207,000 GREAT PRICE for a perfect set-up as a Duplex or Family Home 2512 sq. ft. Lower level has 1bd., office, laundry, 2 stall garage, brick patio, pergola, garden area. Main level has 3bd., laundry, mudroom, kitchen plenty of storage, living/dining room with hardwood flooring. Large deck area. Many upgrades and off street parking. MLS# 43242 $207,000

Two bedroom one bath open style “Americana” home/cabin. 4.32 acres, limestone cliffs, Forest Service, cold storage that is 25’ deep 12’wide,50 degrees year round, out buildings, raised bed garden area. Fiber optic, 2009 /2011 NEW-septic, furnace, well, electrical and plumbing. MLS # 45603 $144,900.

Very visible Highway16 frontage, 1790 sq.ft. of showroom space. Main level also has kitchen/ laundry area and 1/2bath. The upstairs has private access, with 2 large rooms and bath area. Flooring thru out is either hard wood flooring, tile or carpet. Seven plus parking areas with alley access. One of the best locations in Custer to start a business! MLS #44843 $119,500

WHY ReNT?

CHeCK OuT THiS BlACK HillS CABiN

pRiCe ReDuCeD!

lOCATiON AND RepuTATiON

220 S. 11th Street. 3 bedroom, 2 bath home on .49 acre lot. Great location close to schools and downtown Custer. Watch the fourth of July fireworks from this large private backyard. Open and sunny floor plan with updated kitchen. New shingles and siding are ordered! MLS# 45330 $119,500

Looking for a cabin in the Black Hills? You need to check this one out 3+ acres with easy access to a paved road, good well. This one bedroom one bath features a 32x32 squared log cabin with a 12x22 frame addition could be yours. Some finish work remains. Also has a metal carport, and the roof is metal. MLS 44953 $160,000

Great starter home located in Hot Springs, close to schools and shopping. 4 Bdrm., 2 bath with balcony out back and nice deck in front. Fenced in yard and 1 car garage. Owner willing to carry a CFD to qualified buyer! MLS #45039 $115,000

The Wrangler- A Custer Fixture for years. Building and equipment all new in 2009. A solid year round business in Custer that has everything from LOCATION to REPUTATION plus paved off street parking on highly visible corner lot. Located in the heart of the Black Hills and close to all that the Southern Hills has to offer. MLS #44057 Great New Price $799,000

The Home Journal, February 2015

605-673-2629

OFFiCe HOuRS M-F 8:00 - 5:00 SAT. 9:00 - 1:00

The Home Journal, February 2015

Each Office is Independently Owned and Operated.

THE RESULTS PEOPLE SINCE 1963! Call one of our friendly, positive professionals today!

343-2700 or Toll Free 1-877-343-2700

Top Sales for December Top Producer

Top Producer Team

Customer Service Award

David Brenneman

Cox Real Estate Team

Lisa Mueller-Cox

THREE OR MORE TEAM In addition to our Top Producers, we would also like to recognize the following REALTORS® who through their dedication to professionalism and customer service were able to close a minimum of three transactions last month:

Cox Real Estate Team • David Brenneman • Joe Muth Ken Kirkeby • Faith Wendt

The Home Journal, February 2015

Lewis-KirKeby-HaLL reaL estate, inc.

The Home Journal, February 2015

5583 Wildwood Drive $435,000 • SPECTACULAR VIEWS! • Privacy and Pines Within City Limits • Huge Master Suite with Whirlpool Tub • Open Style Living/Kitchen with Great Views • Island, Bar. Pantry, and Beautiful Cabinets • Formal Dining with Windows on Three Sides • Natural Gas Fireplaces in Living/Family Rooms • Wildlife Abounds, Deer, Birds, and More • Lots of Decks and Maintenance Free Yard

• Great Views from all Rooms • Unique and Awesome • Close To Everything

Bobby Sundby 209-2777 Andra Hagen 66 Cell: 605-390-81 ail.com

andrahagen@gm

Kathy Sundby 484-0422 John Sundby 390-7151

Daneen Jacquot Cell: 605-484-7832m daneenjacquot@yahoo.co Larry Petters Cell: 605-390-7383ny.com mpa larry@southdakotarealestateco

Judy Rohde Cell: 605-209-1521 l.com homeswithjudyrohde@gmai

Lisa Meyer Cell: 612-791-0541om lisablackhills@gmail.c Susan Raposa Cell: 605-391-5161om n.c susan@sellwithsusa

Don Lilya Cell: 605-484-1438om don.lilya@sdakhomes.c

Janet Van Nuys Cell: 605-431-0988om janet.vannuys@rocketmail.c Cheri St. Pierre Cell: 605-390-2481 .net rties cheristpierre@blackhillsprope

Kathy Lilya Cell: 605-484-1883om kathy.lilya@sdakhomes.c

Kevin Kuehn Cell: 605-391-7734 z kevin@kevinkuehn.bi

1211 Mt. Rushmore Road, Rapid City, SD 57701

605-342-1810

info@southdakotarealestatecompany.com www.southdakotarealestatecompany.com

As Low As

170

$ Larry.realestate@yahoo.com

1240 Jackson Boulevard, Rapid City, SD 57702 Office 341-4200 • Toll Free 1-800-341-4302

RAPID CITY /BLACK HILLS RESIDENTIAL/ACREAGES

For affordable living in the beautiful Black Hills, Woodland Meadows Manufactured Housing Park is the perfect place. You can enjoy the scenic Hills setting on a large lot with room for a single, double or triple wide home. • Large Affordable Lots • Protective Covenants • City Water & Sewer • Underground Utilities • Paved Streets • Paved Off-Street Parking • Beautiful Custer Location off Highway 16A East • New home financing available W.A.C.

For more information contact us at:

605-673-5581

Spearfish

2041 Vista Hills Pl.

This beautiful horse property is immaculately maintained and offers country estate living a stone’s throw from the north side of Spearfish. Over 1,900 sq. ft. of one level living, a large 14x20 deck and great views of the hills, landscaping and the (maintenance free pvc) fenced pasture below. New 2013 home updates include a new roof, siding, Anderson windows, central air and furnace and there is also a cozy gas fireplace and wood burning stove. The large 45x65 shop/barn is fully insulated and sheeted with steel on the inside also. This is an exceptional no covenants property in a great location. MLS#117046 • $299,900

Keystone

24126 Leaky Valley Road

This Black Hills property has a rich historical past and includes a 3 bed, 2 bath home on 10 acres. Outbuildings including a barn and a carport. Located between Keystone and Hill City, the breathtaking natural beauty of this property also offers views of Harney Peak as well as the back side of Mount Rushmore from some vantage points. Since it borders the Black Hills National Forest and Centennial Trail, it offers excellent outdoor recreational opportunities for hiking, hunting, 4 wheeling or horseback riding. Explore a great opportunity to enjoy this retirement/vacation retreat in the heart of the Black Hills. MLS#121267 • $250,000 WWW.BHHOMESANDLAND.COM

WANTED: WESTERN SD FARM/RANCH/HORSE PROPERTY LISTINGS FOR SEVERAL BUYERS

35 South 4th Street, Custer, SD 57730 srcc@gwtc.net

The Home Journal, February 2015

605-484-6446

Welcome Home

LARRY SCHECHER

The Home Journal, February 2015

When you find the right house … Darla Jones AVP Mortgage Originator Office 605-399-4211 Cell 605-209-8631

Let us provide the right mortgage.

• Construction Loans

• First-time Home Buyers

• Conventional Mortgages • Customized Loans • FHA, VA and Rural Development Loans Call Darla or Janene today for a free mortgage consultation.

Janene Trammell-Polk AVP Mortgage Originator Office 605-399-4220 Cell 605-484-4295

Tuscany Square 311 Omaha St. • Rapid City • 605-399-2265 or 1-877-965-2265 Loans subject to application approval.

Apply online at www.bankwest-sd.com.

Dan Martin (605) 391-2002 Serving you is what I do! www.danmartinrealestate.com www.rapidcitysdhomes.com

of rapId CIty

The Home Team Advantage

23590 Wilderness Canyon Road $635,000 From the moment you cross the threshold of this 4 bedroom, 3 1/2 bath home, you’ll be amazed by the exquisite interior & quality throughout 5544 sq. ft. of living space. No luxurious detail spared. Every comfort imaginable, including gorgeous hardwoods, two fireplaces, loft studio, 3-car garage. Unparalleled views with a hot tub gazebo perched on the canyon rim. You’ll cherish living in the serenity of the Hills, just a nice, scenic drive from the city. Seeing is believing. Call Dan today for your personal showing! MLS #120163

REAL ESTATE | HOMEOWNERSHIP

drafty window or door is easy enough to spot, but what about other areas of your home that may be costing you money and comfort? Consider an emerging sector of the real estate industry – home energy audits.

Sellers may opt to pay for an audit from a reputable company before putting their home on the market. Buyers may choose to protect their investment by understanding all of the energy-related repairs they may have to make when they move in. So what exactly is an energy audit?

THE BASICS

An energy audit should take less than a full day and will include detailed checks of the following: • Air infiltration and escape • Heating and cooling system • Major appliances • Windows, doors and other openings • Hot water heater

THE REVIEW

The point of an energy audit is to help homeowners save money and solve comfort issues. The analysis can pinpoint specific deficiencies throughout the home. Most companies that perform the service also are in the construction industry, so they are able to expertly recommend changes or make the repairs themselves. You should receive a full report that will help you make educated choices in which areas to improve immediately, and which ones could probably wait.

ASK FOR CREDENTIALS

Since energy auditing is a relatively new industry, it is not fully regulated in many states. This means it is up to you to do your homework on firms offering these types of services. Call your local chamber of commerce to find out more about a company, or reach out to friends and family members about any past engagement with the owners. You also can use online research to check the credibility of firms in your area. Does the company have a website? Are they active on social media? By checking these online landing spots, you should be able to find customer reviews or feedback that could be instrumental in guiding your decision.

The Home Journal, February 2015

Get an Energy Audit

The Home Journal, February 2015

Jill VAnThul

lori BArneTT

TonY mArshAll

TJ woJTAnowiCZ

TYler sChAd

390-1571

593-3242

786-5817

391-8669

863-1920

430-3710

Josh uhre

ChrisTin uhre

sTePhAnie lien Owner/Broker

Broker

390-8790

kellY lhoTAk

Designated Broker

Licensed Assistant

Broker Associate

390-8197

GreGG sTilTon

Broker Associate

390-6322

939-5649

Broker Associate

CAl BAker

drew YeomAn

Broker Associate

484-5392

JACkson CYr

390-6680

939-9799

Broker Associate

484-4044

939-6346

mikAlA kulesZA

rJ Brownell

JosiAh lAFrAnCe

381-3040

786-7645

415-2606

786-3098

Broker Associate

AmAndA Thune

rYAn kellY

Broker Associate

niCi kuChenBeCker Allen wellmAn

Broker Associate

mike hArmon Broker Associate

Broker

430-2758

391-3203

dAVe simPson

BeTsY Brownell

Broker Associate

390-6117

574-0007

VIPProperties.com

2320 JaneT • next to sioux park • completely renoVated and updated • 3 Bedrooms, 2 BatH • 2,448 sf • mls 120740 $213,900 • call daVe simpson at 390-6117

TBD OTher • Black Hills pristine property tHat Has not Been for sale since 1992 • Just minutes from keystone and mt.rusHmore • 160 acres • mls 114641 $1,504,000 • call tJ WoJtanoWicz at 863-1920

908 Main STreeT • aWesome BuildinG doWntoWn rc • Bully Blends is for sale! • Very Well estaBlisHed Business • please call for additional details! • mls 117161 $549,500 • call tJ WoJtanoWicz at 863-1920

607 Main STreeT • Well estaBlisHed Women’s retail store • a Beautiful ‘BiG city feel’ Boutique • premier place to sHop WitH unique fasHion • mls 120889 $295,000 • call tJ WoJtanoWicz at 863-1920

24713 COOliDge Creek rD • 32 acres WitH a Beautiful 4600 sf Home • completely fenced property • many opportunities WitH tHis rancH! • located close to rc, Hermosa and custer • mls 119081 $1,625,000 • call tJ WoJtanoWicz at 863-1920

202 ST PaTriCk STreeT • 2 Bed 1 BatH • Great starter Home • or income property • mls 120601 $89,900 • call dreW yeoman at 484-5392

22197 SaDDle rOaD • neWer 2013 manufactured Home on almost 6 acres • 3 Bed 2 BatH • amazinG kitcHen & Great VieWs! • mls 121139 $175,000 • call tJ WoJtanoWicz at 863-1920

2572 gOlD Creek PlaCe • Beautifully finisHed Home in canyon sprinGs • 4 Bedrooms, 2 BatH • 1.14 acres • Home Was Built By k&s custom Homes • mls 121033 $415,000 • call tJ WoJtanoWicz at 863-1920

23085 ThunDerheaD FallS rOaD

321 7Th STreeT • incrediBle opportunity to oWn a piece of rapid city’s History! • 20,000 sf BuildinG • Be a part of tHe neW doWntoWn scene! • mls 119773 $690,000 • call stepHanie lien at 390-1571

13837 ClyDeSDale rOaD

• Hart rancH West neiGHBorHood! • amazinG BuildinG site • surrounded By Beautiful trees • BrinG your Horses • paVed roads & fenced on tHree sides • mls 120726 $234,000 • call stepHanie lien at 390-1571

23840 COyOTe FlaTS rOaD • desiGned after soutH fork from dallas • your oWn 20 acre piece of HeaVen • coVered front porcH • lusH landscapinG & exquisite pool • mls 120717 $895,000 • call stepHanie lien at 390-1571

12246 eagle riDge Drive • 3 Bedroom, 3 BatH WitH an open floor plan • one leVel liVinG • custom countertops in kitcHen and BatHrooms • larGe laundry room riGHt off tHe kitcHen • mls 117844 $469,900 • call tJ WoJtanoWicz at 863-1920

3981 FOreST Park CirCle • luxury nestled in priVacy • landscaped and treed 2.6 acre lot • 5200 sq ft Home • 2 fireplaces & spacious master suite • mls 117587 $724,900 • call stepHanie lien 390-1571

• stunninG creek settinG • 6000 sq feet of custom luxury • enormous master suite • soarinG ceilinGs and WindoWs • amazinG tHeater room • mls 120084 $1,975,000 • call stepHanie lien at 390-1571

4931 irelanD PlaCe • cuttinG edGe in luxury amenities • spraWlinG main floor desiGned around a lusH courtyard • HuGe master suite WitH luxurious BatH • outdoor sport court • mls 120104 $1,395,000 • call stepHanie lien at 390-1571

2724 DiaMOnD Oak PlaCe • exquisite custom Home in canyon sprinGs • 6800 sq ft Home on 2.42 acres • BreatHtakinG Great room WitH Wood floors, stone fireplace & timBer Beams • mls 121152 $1,399,000 • call stepHanie lien at 390-1571

10075 laraMie lane • still time to pick your finisH in tHis neW construction! • oVer 3000 sq ft • oVersized tuBs in master & 2nd full BatH • mls 120544 $289,900 • call tJ WoJtanoWicz at 863-1920

VIPProperties.com

The Home Journal, February 2015

100 SainT JOSePh ST • 119 unit Hotel in doWntoWn rapid city • purcHase comes WitH full liquor license & restaurant Just reopened • HuGe potential! • approximately 93,810 sf • mls 116798 $4,750,000 • call tJ WoJtanoWicz at 863-1920

The Home Journal, February 2015

REAL ESTATE | MARKET TRENDS

Youth Driving the Market

re you a millennial? If so, you may hold the key to the future of the real estate market. Americans ages 18 to 34 have been slow to enter the home-buying market, but that could be about to change.

A July 2014 report by the Joint Center for Housing Studies of Harvard University showed that the number of households headed by people in their 30s should increase by 2.7 million over the next 10 years. This explosive growth should boost demand for new housing, the report says, as many millennials will finally be financially secure enough to take the plunge.

THE HOLD-UP

Young Americans are burdened with higher-than-ever student loan debt and falling incomes, forcing many to remain under their parentsâ&#x20AC;&#x2122; roofs. More than 2.1 million adults in their 20s lived with their parents last year, according to the study, and student loan balances increased by $114 billion. These issues have kept the real estate market from growing at a more impressive clip.

BIG CHANGES

Economists point to one major factor that could help boost a more prominent entry of millennials into the housing market: higher incomes. Better pay means more savings for the younger generation, who would then have more for down payments. Another important factor reported the study is how potential housing finance reform will affect the cost and availability of mortgage credit for the next generation. By 2025, minorities will make up 36 percent of U.S. households and account for nearly half of the typical first-time homebuyer market, according to U.S. Census projections. Other highlights from the Harvard University report: Cost Burden: Over 35 percent of Americans spend more than 30 percent of their income for housing. Fifty percent of renters are cost burdened, and 28 percent are severely cost burdened (meaning they spend over half of their income for housing). Housing Availability: Between 2007 and 2011, the number of Americans eligible for assistance rose by 3.3 million, while the number of assisted housing units was unchanged. ÂŠ FOTOLIA

REAL ESTATE | FIRST-TIME HOMEBUYERS

o more landlords. No more rent. No more restrictions on what you can or can’t do to your living space. If these sound attractive to you, it may be time to own your first home.

Before you lock yourself into a 30-year mortgage, it is up to you to do due diligence to ensure you’ll be able to make your payments.

THE TIMING IS RIGHT

Except for home flippers and real estate developers, it really doesn’t make sense to purchase a home that you’ll only own for a few years. The high transaction costs of buying and selling a property means you could lose money on the deal, unless you secure an opportunity that is too good to pass up. Falling home prices make the case against buying even stronger. This is because prices are unlikely to skyrocket within the two- or three-year period you will own the home, meaning you’re unlikely to make a great profit.

THE FINANCES ARE RIGHT

On the financial side, one comparison to make is the cost of renting vs. owning. Remember to factor in the cost of the mortgage, property taxes and home insurance when building your comparison. A 2013 study by real estate organization Trulia found that it is 35 percent less expensive to buy a home than to rent one in America’s largest cities. This may not be the case in your region, so do some research and make an informed decision.

GET PRE-APPROVED

If you’re looking to buy a house, your first plan of action is to determine a budget. This will help you define how much you’re willing to spend on a new place. With this information in mind, you’re ready to make a visit to your bank to be pre-approved for a loan of that size or a little more. Obtaining a home mortgage is still relatively difficult today compared to the pre-recession years, so you may not be qualified to borrow as much money as you think. It is a good idea both financially and emotionally to visit your mortgage specialist before you go on any home tours. The last thing you want to happen is to fall in love with a home before realizing it’s not in your price range.

The Home Journal, February 2015

Ready to Own?

The Home Journal, February 2015

Sandra Runde

CCIM, SIOR, Commercial Broker Phone: (605) 391-7500 Email: skrunde@gmail.com

Keller Williams Realty Black Hills 2401 W. Main St. Rapid City, SD

Chris Long

Commercial Broker Phone: (605) 939-4489 Email: clong4@gmail.com

For Lease For Lease - Featured Listings 3820 Jackson Blvd. Unit A - 2 level office condominium. 3,157 sq. ft. + 50% of common area. Leases for $2,631/mth. + NNN + utilities.

111 New York St. 19,600 sq. ft. office space. Space can be subdivided (16,100 sq. ft.3,500 sq. ft. ). Leases for $9,800/mth. + NNN + utilities.

For Lease - Retail/Office Space     

2060 West Main St.– Suite #1. 3,050 sq. ft. restaurant/retail space $3,211.26/mth + NNN (estimated at: $783.00/mth.) Use of equipment , negotiable. Can be subdivided. 100 E Blvd. N - 5,400 sq. ft. retail building with easy access to downtown and shopping districts with additional 1,892 sq. ft. mezzanine. $3,500/mth + NNN. Rushmore Crossing Retail Space. – 2 suites available. 3,000 sq. ft. and 3,700 sq. ft. in the heart of the thriving shopping district. Lease rates vary. Call for details. 7211 Black Hawk Rd. - 3,200 sq. ft. restaurant/retail/office space. Could be subdivided. Leases for $2,000/mth. + utilities. 2218 Jackson Blvd. – 1 street level and 2 lower level office suites 720 sq. ft. for $625/month. 1,000 sq. ft. for $989/month. Each w/ separate entrance. Street level retail space with 1,561 sq. ft. $1,940/month. Tenants pay utilities.

For Lease - Warehouse/Industrial Space 

1730 Samco Rd. – 7,000 sq. ft. warehouse/office. 2 offices and 2 restrooms. 2 large roll-up/drive-in doors. Can be subdivided. $4,000/mth + utilities.

For Lease - Office/Multi-Use 

     

1760 Centre St.– 3,000 sq. ft. upper level retail/office space for $3,125/month. 3,000 sq. ft. lower level retail/office space for $2,500/ month. Tenants pay $1.20/sq. ft./month CAM and utilities. Space can be subdivided. 3600 Jet Dr. – 20,250 sq. ft. office on 2 levels with private and executive offices, conference room and ample storage. Also available for sale. Leases for $20,000/mth + NNN + utilities. 1404 Mt. Rushmore Rd. - 2 office spaces. Unit A, 225 sq. ft. $500/mth. Unit B, 85 sq. ft. - $250/mth. Landlord pays taxes, insurance, common area maintenance and utilities. 3117 W. Rapid St. Suites 1& 4 – 2 office suites. 480 sq. ft. each. Leases for $575-$590/mth. (depending on term of lease) + utilities. 2335 W. Main St. Suite B - 3,462 sq. ft. office/warehouse space. Former Graffiti’s Car Wash. Can be built out for office space at negotiated rental rate. Leases for $2,019.50/mth + NNN + utilities. 1575 N. LaCrosse St. – 2 professionally designed office suites, 1,200 sq. ft. each. Can be leased individually or together. $1,100/ mth. + utilities. 2740 N. Haines Ave. - Up to 4,408 sq. ft. of warehouse/office space. Leases for $2,755/mth. + NNN + utilities.

For Lease - Office Space 2620 Jackson Blvd. 3,000 sq. ft. garden level office space . Private offices, conference rooms and reception area. Leases for $3,000/mth. + NNN + utilities.

1220 Mt. Rushmore Rd. 5,600 sq. ft. professional office space. Leases for $6,347/mth. + electric and heat & $1,209/ mth. pro rata share of taxes.

1818 W. Fulton St. 1,513 sq. ft. garden level professional office space. 7 private offices with reception area. Leases for $1,765/month.

1800 Haines Ave. 4,824 sq. ft. retail building with easy interstate access and minutes to downtown. Leases for $4,824/mth. + NNN + utilities.

Chris Long

For Sale

Commercial Broker Phone: (605) 939-4489 Email: clong4@gmail.com

FEATURED LISTINGS 4835 & 4315 N. Haines Ave. - Three lots (4.98 ac.; 5.01 ac. & 5.13 ac.) up to 15.12 ac. Zoned medium density residential. Parcels can be purchased individually or together. $1,470,150

11985 Quaal Rd. - Custom-built 8,000 sq. ft. building with 4,800 sq. ft. heated warehouse and 3,200 sq. ft. move-in ready office space. Easy on/off interstate access $599,999

For Sale - Business Listings

For Sale - Building Listings             

Haines Station Shopping Center - Approximately 44,000 sq. ft. retail shopping space long standing tenants and 100% leased. $3,950,000 3600 Jet Dr. - 20,250 sq. ft. 2 level office building on 6 ac. Also available for lease. $2,200,000 1600 Mt. View Dr. – 2 office condominium spaces just off Jackson Blvd. Currently leased through May 2015. Unit 106 - $162,000; Unit 108 - $235,800. Can be purchased together for $397,800. 110 N. Cambell - 10,500 sq. ft. retail/office plaza. Building contains 5 individual units. Well situated for single owner occupant. $848,000 7201 S. Hwy 16 - Stamper Building - 19,387 sq. ft. office/retail space on 3.36 ac. Just south of Catron Blvd. $699,000 903 Echo Valley Road, Keystone, SD - Hermit’s Haven - 32 ac. 9,000 sq. ft. building w/ 3 overhead doors & paint booth. $689,000 2006 Mt. Rushmore Rd. - Former medical building. Easy access to medical community. $899,000 300 Hillsview Dr., Box Elder, SD - 2,534 sq. ft. warehouse. Great visibility and high traffic area. $199,000 3820 Jackson Blvd., Unit A - 3,157 sq. ft. 2 level condominium shares 50% of common area. Also available for lease. $350,000 1064 Main St. - Sturgis, SD - 3,950 sq. ft. building on Main Street including the business. 2nd story has 3 apartments. $450,000 1800 Haines Ave. - 4,824 sq. ft. retail/office building. Close to major retailers. Owner is licensed SD real estate agent. $695,000 100 E. Blvd. N. - 5,400 sq. ft. retail space with 1,892 sq. ft. mezzanine. $495,000

     

Piece of Cake - Well-established business. Real estate not included in sale. Sale includes furniture, fixtures and equipment and business name. $110,000 MB Enterprises - Well-established wholesale distribution business covering SD and eastern WY. Sale includes assets and business name and customer lists. $500,000 Budget Signs - Well-established sign business and over $70,000 inventory and state of the art equipment. $160,000 Pizza, Etc., Phillip, SD - Established pizza, sandwich malt beverage and video rental business. Recently remodeled. Business only $68,000. Building only $63,000. $133,000 Rodeway Inn, Kadoka, SD - 39 unit motel and restaurant. Going concern business and restaurant on 10.5 ac. All units ground level with on-site manager quarters. $675,000 Sugar Shack - Legendary restaurant in the heart of the Black Hills with the famous “Best Burgers in the Hills!” Turn-key business, beer license & furnishings. $529,900 8-Plex, Murdo, SD - 8 unit multifamily situated on.48 ac. Great investment opportunity. $300,000

For Sale - Land Listings     

Deadwood Ave. - 8.77 ac. General Commercial. NW Intersection of W. Chicago and Deadwood Avenue. $4.71/sq. ft. $1,800,000 Triple Crown Dr. - 4.8 ac. Subdividing possible. $4.00/sq. ft. $836,352 Catron Blvd. - (5th St. & Hwy. 79). 28.6 ac. $1.50/sq. ft. $1,866,727 Catron Blvd. (5th & Hwy. 79). 2.5 ac. $6.00/sq. ft. $653,400 Eglin St. - 1.62 ac. Vacant lot near Rushmore Crossing. $175,000

For Sale - Business Listings Big Time Pizza, Keystone, SD Well-established pizza establishment. Business only. No real estate. Get in on the thriving tourism the Black $90,000

Slash J Saloon 15891 Sturgis Rd., Piedmont - Restaurant, bar and event center located just of I-90. Going concern business & on/off sale liquor license. $599,000

Quality Cleaners, Hot Springs, SD - Wellestablished business. 20 washers, 15 dryers and drop-off service. Includes business, inventory and real estate. $219,000

Roosevelt Inn, Keystone, SD 38 room hotel with Victorian architecture. Several types of accommodations from economy to a presidential suite. Turn-key business. $1,947,000

The Home Journal, February 2015

Keller Williams Realty Black Hills 2401 W. Main St. Rapid City, SD

CCIM, SIOR, Commercial Broker Phone: (605) 391-7500 Email: skrunde@gmail.com

Sandra Runde

The Home Journal, February 2015

REAL ESTATE | FINE PRINT

Real Estate Glossary

f balloon payments and capital gains have you confused, this article is for you! Real estate can be a tricky field to master, especially considering all the jargon in the industry.

Read the following list to get a better grasp on some of the more perplexing terminology, with some definition clarification from the National Association of Realtors and the Encyclopedia of Real Estate Terms. Annuity: Regular fixed payments or receipts over a designated period of time. Balloon payment: The final payment of the balance due on a partially amortized loan, including those built for contract for deed transactions. Capital gain: Taxable income derived from the sale of a capital asset, such as real estate. Cost of occupancy: Expenditures required to maintain occupancy of a space, including rent or mortgage payments. Due diligence: The act of examining or investigating a property and all related documents. Conducting your own due diligence before a real estate transaction can save time, money and legal issues. Liquidation value: Likely price that a property would bring in a forced sale, such as a foreclosure or tax sale. Property type: Classification of real estate that is broken into four main types (retail, industrial, office and multi-family). Proprietary data: Information obtained from private firms that hold the exclusive rights to manufacture and distribute such content. The information generally covers business, sales and market-potential data to a targeted audience. Rent escalators: Items specified in a lease, such as base rent, operating expenses and taxes, that are eligible for increase by predetermined amounts at stated times. Street-based mapping: Tracking applications that allow the user to map objects such as commercial properties or retail establishments by street address.

ÂŠ FOTOLIA

Save Time and Money! gregroth@grbrrealty.com

605-391-0939

full service real estate

NEW

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Call for a FREE Brokers Price Opinion of Your Home. three bedroom, attached insulated garage with walkout to a tree shaded and fenced private backyard. large jetted whirlpool tub in the second bathroom. located in a nice area on a quiet cul-de-sac. all appliances are included. a place to call home that the whole family will enjoy. MlS#119953 5020 Hamlin Cir., Rapid City, SD

$149,500

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$7,500 REDUCTION 616 Stealth Ln., Box Elder, SD

$117,500 Call Greg Roth at 605-391-0939

Greg Roth RealtoR®

owner/Broker

this 2 bedroom, 1 bath home qualifies for rural housing development or SD first time home buyer loan option. It is a pristine 2003 custom built home and it is wheel chair accessible! Fine quality spacious floor plan all on one level with beautiful kitchen cabinetry. large attached garage with walk-out to a beautiful private patio, landscaped, treed and fenced backyard. High ceiling lighted, clean, insulated, and dry crawl space. a MUSt See! MlS#119398

SPECIAL PROPERTIES FOR SPECIAL PEOPLE! CASCADE SPRINGS RANCH ONE-OF-A-KIND FIND! SELLERS WILL CARRY FINANCING

20+ ACRES!

Just 600 feet from the shoreline of Sherdian lake. Sit back and dream of living secluded in nature, no neighbors other than wildlife. a hunters paradise. Sellers paid $400,000 in 2002 for property. 20+ acre plat. MlS#117398 TBD Calumet Rd.

$250,000

Call Greg Roth at 605-391-0939

SW SIDE OF LAKE ANGOSTURA WITH VIEWS OF THE CHEYENNE RIVER

the value in this 320 acre piece of land is determined by it’s rarity! Priced at $6,174 per acre this requires a qualified buyer! Wildlife of all kinds including elk and deer. Special accommodations needed for a showing so please call to see it now! Call Greg Roth at 605-391-0939

The Home Journal, February 2015

Email, TExT or Call GrEG roTh

The Home Journal, February 2015

REAL ESTATE | HOME-BUYING PROCESS

Real Estate Roadblocks

hether you’re a buyer or a seller, the experience of reaching an agreed-upon offer can be an extremely exciting one.

But even if you’re on top of the world, be prepared to take a fall. Escrow and lending procedures and rules vary by state and sometimes by bank, leading to a number of complicated issues that can terminate a deal.

INSPECTIONS

Most purchase offers have an inspection contingency. This allows the purchaser to back out in case the home inspection reveals serious problems. If you didn’t put this contingency in your contract, you may lose the earnest money you put up at the front of the offer process. Negotiating with the seller to have the home repaired can hold up the purchase and delay the closing date.

APPRAISAL ISSUES

The bank will have the home appraised in order to protect its interest in the home. The appraisal fee generally is paid by the buyer and will help the bank make sure the home is worth at least as much as you will be paying. This gives you an idea of what you’re getting into and gives the bank a value for the home in case of a foreclosure. If the appraisal comes in too low, the seller will likely

have to lower the selling price or the buyer will have to pay cash for the difference. It may be possible to get a more favorable second opinion from a different appraiser, but many banks have an in-house

appraiser they use for this process.

COLD FEET As human beings, we are allowed to change our minds.

In realty however, this can have a consequence. The agreed-upon contract will outline justifiable reasons for either the buyer or seller to back out without penalty. These reasons can include

not waiving a contingency or missing a deadline. Every deal is different, and failing to hold up your end of the bargain can lead to the loss of earnest money or even legal ramifications.

REAL ESTATE | BUYING TIPS

The Home Journal, February 2015

Buying a Fixer-Upper

re you a handyman or woman inspired by the cable television shows that portray renovation and refurbishment projects as simple, straightforward experiences? There are some common red flags that may signal that you’re in over your head. Not only could these red-flag issues reduce or eliminate the potential of getting a bank loan, the repair could require more money and time than you’re willing to invest. Of course, if you are able to get a loan for the property, you may be able to talk the buyer into a reduced deal price, depending on how many issues you find. Take a notebook with you as you walk through the home and write down detailed notes on what will need to be repaired. Do some research on your own to find out the estimated costs of making the necessary repairs, and use the information as bargaining power when going through the offer process.

SUBFLOOR ISSUES

Open or severely damaged subfloors should be an immediate red flag to any buyer. This type of disrepair poses potential health and safety issues for anyone living in the home.

ROOF ISSUES

Many resale homes can have aged roofs that may require immediate repair. Before making an offer on the home, call a couple of roof contractors to get a quote on repairs. Give them as much detail as possible on damaged shingles, bowing plywood or potential leaking issues to get an accurate quote.

EXPOSED WIRING

This is obviously one of the most dangerous issues a home could have, due to the potential for electrocution. Bank appraisers or home inspectors will suggest the immediate repair of such issues before a deal will be able to go through.

PEST DAMAGE

Home-wide damage from termites or rodents can sometimes be hard to spot by the untrained eye. If it is apparent upon your initial walkthrough, you can figure that the issue will definitely need to be rapidly repaired – both for the health of buyer and the home’s structure.

The Home Journal, February 2015

REAL ESTATE | SAFETY CONCERNS

Lead Paint

he hazards of lead paint are widely known and recognized, especially since the Environmental Protection Agency began regulating renovation, repair and painting activities in pre-1978 residential properties.

Paint that is chipped or deteriorating creates lead dust that can pose serious health problems to occupants and visitors. Buildings built before 1978 are much more likely to have lead-based paint, according to the EPA, making it crucial that Realtors, buyers and sellers alike educate themselves on the risks and laws surrounding it.

FOR PROFESSIONALS

Real estate agents play an important role in protecting the health of families purchasing and moving into a listed home. Federal law in fact requires Realtors to provide certain important information about lead paint before a prospective buyer is obligated under a contract to purchase the home. Agents must inform the seller of his or her obligations under the Real Estate Notification and Disclosure Rule. In addition, the agent may also be fully responsible if the seller or lessor fails to comply, according to the EPA.

FOR OWNERS

Owners, landlords and managers of rental property also play an important role in protecting the health of tenants and their children. Federal law requires owners to provide certain important information about lead paint before a prospective renter is obligated under lease to rent the property.

FOR BUYERS

Federal law requires that before buying housing built prior to 1978, buyers must receive the following from the home seller: • EPA-approved information pamphlet on identifying and controlling lead-based paint hazards • Any known information concerning the presence of lead-based paint • An attachment to the contract that includes a “Lead Warning Statement” and confirms that the seller has compiled with all notification requirements.

Get pre-qualified before you shop.

Lisa Berens

Wendy Clark

Mortgage Banker NMLS #1045901

Mortgage Banker NMLS #764588

Call. Click. Come in. Rapid City Downtown | 125 Main Street | (605) 394-9000 Rapid City South | 3535 Fifth Street | (605) 342-3100

dacotahbank.com

Jan. 5th - Jan. J 16th, 2015

And Pick Your our Spot For $20 More!! Mor Purchase 2 or more booths and pick your additional spots for only $10 more per booth PENNINGTON COUNTY EVENT CENTER Saturday, February 21st • 8 AM to 2 PM TO RESERVE YOUR BOOTH CALL 605-394-8383 OR 1-800-843-2300 ext. 8383

YES, I WANT A BOOTH AT THE ULTIMATE INDOOR GARAGE SALE! Please reserve_____________booth(s) for me at: $65 per booth. One table is provided for each booth. I want an extra table for $10.00. Name ________________________________________ Address __________________________________________________ City/State/Zip _________________________________________________Phone ______________________________________ Email address __________________________________ Brief Description of your items (we’ll use this information to compose your ad)__________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ Credit Card Number ____________________________ American Express Visa/Mastercard/Discover Exp. Date ______ Signature______________________________________ Amount Enclosed __________________________________________ No Guarantee on booth placement. Cut out and mail to: The Ultimate Indoor Garage Sale, Rapid City Journal Classifieds, P.O. Box 450, Rapid City, SD 57709

20 2015

ULTIMATE INDOOR

GARAGE

SALE

Saturday, Feb. 21st 8am - 2pm @ the P Pennington on C County Events Center

$65 GARAGE SALE PACKAGE • 10’x10’ space with banquet size table and 2 chairs • A FREE garage sale ad to run on February 20th and 21st featuring your sale items • Promotional advertising of the event provided by the Rapid City Journal To Reserve Your Booth Call 605-394-8383 or 1-800-843-2300 ext. 8383

The Home Journal, February 2015

Are You Ready Forr A House Huntt?

The Home Journal, February 2015

REAL ESTATE | COMMERCIAL

The New Office

ne of the most impacted groups during the economic downturn was real estate developers. We are now starting to see commercial professionals in this space bounce back – with a new office development strategy.

It’s no longer considered viable to build expansive, expensive complexes for the common Main Street business. Developers are instead focused on smaller spaces and energy-efficient additions.

OPENING UP

A recent Wall Street Journal article detailed how office space with creative, open floor plans in San Francisco had a 2.54 percent vacancy rate, compared with a 10-plus percent vacancy rate for more traditional, closed-door layouts. More open work areas have become more critical as mobile and technological advances in communication have allowed workers to move more freely. Standard, high-wall office cubicles are being replaced by smaller workstations with smaller separators. Adjustments to employee barriers are designed to encourage more interaction and teamwork. They also play a role in changing the dynamics of stuffy, crowded meetings inside formal conference rooms. Companies are using open office space to mimic a town hall feel, making employees feel more invested in important business decisions.

COST CONTROL

More open space also can

mean more savings to owners’ bottom lines. Heating costs can be slashed by increased access to sunlight, and cooling costs can similarly be decreased with access to fresh air. According to the Society for Human Resource Management, company absenteeism and health costs can be

reduced by providing employees with a more attractive office with better access to natural light and air versus more contemporary office spaces.

DOWNTOWN DESTINATIONS

This need for cozier, more

collaborative space is making the older downtown building an attractive option for business owners, as well. The National Trust for Historic Preservation reports an uptick in company owners seeking locations close to local shopping and services. Buildings situated in walk-

able neighborhoods are closer to dry cleaners, health clubs and restaurants. Having these options nearby can give employees an increased incentive to spend more time in the office, while also saving owners money in spending on such amenities in their buildings.

The Home Journal, February 2015

BHFCU MORTGAGE LENDING EXPERTS

Clayton Schwahn

Kim Brown

Johanna Del Soldato

Mike McGuigan

CALL US AT 343.0891