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    Mitchell, SD
    Apartment Building

    Mitchell, SD Apartment Buildings for Sale

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    Mount Vernon, SD Alexandria, SD Huron, SD Parkston, SD
    15-Unit Apartment Building
    Updated: Aug 8
    15-Unit Apartment Building

    121-123 W 6th Ave, Mitchell, SD 57301

    $1,200,000
    11,280 sqft 0.11 AC lot
    15 fully leased units
    11,280 SF building on a 4,734 SF lot
    New roof installed in 2019
    New water heater and boiler/boiler lift
    Landlord pays gas and water; tenants pay electric
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    Historic Mixed-Use Building in Mitchell
    Updated: Nov 21, 2025
    Historic Mixed-Use Building in Mitchell

    117 East 3rd Avenue, Mitchell, SD 57301

    $1,375,000
    51,600 sqft
    Prime downtown location with high visibility and foot traffic.
    Income‑generating mixed‑use property with commercial and residential units.
    Historic building with architectural charm and character.
    Fifteen residential apartments with 77.8% occupancy.
    Gross Annual Revenue of $191,700.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Mitchell, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    10-Unit Apartment Building
    10-Unit Apartment Building

    255 2nd St SW, Huron, SD 57350

    $549,900
    20,056 sqft 0.34 AC lot

    Two-story multifamily property with mixed one- and two-bedroom residences, lower-level storage, and shared laundry facilities.

    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    2405-2416 Prairie Eagle Cir, Huron, SD 57350

    $599,900
    5,744 sqft 0.46 AC lot

    Single-level residential income property with private garages and a varied two-bedroom unit mix.

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    5-Unit Apartment Building with Garage
    5-Unit Apartment Building with Garage

    511 -517 Main St S, Lennox, SD 57039

    $299,900
    4,372 sqft 0.16 AC lot

    Multifamily property with coin-operated laundry, individually metered electrical service, and a four-stall garage.

    View details
    5-Unit Apartment Building
    5-Unit Apartment Building

    511 517 Main St Ss, Lennox, SD 57039

    $299,900
    4,372 sqft

    Five residential units include coin-operated laundry, separate electrical service, and a newer boiler for building heat.

    View details

    Off-Market Properties in Mitchell, SD

    Consider similar Off-Market properties in Mitchell, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2021-2231 Kimball St
    Multifamily properties

    2021-2231 Kimball St, Mitchell, SD 57301

    Estimated value:
    No data
    82,368 sqft 3.97 AC lot
    View details

    Mitchell, SD Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Mitchell, SD on our real estate platform. These investment opportunities span a total of 62,880 square feet of properties for sale, with an estimated market value of $2,575,000.

    Sale prices for two-family homes in Mitchell, SD start at $1,200,000, averaging $1,287,500, and reaching up to $1,375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 19K
    Population Growth (5Y) +3.7%
    Median Household Income $60,671
    College Educated 31.5%

    High-Yield Neighborhoods for Investment

    Identify Mitchell submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    57301 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 0.83%
    Property Tax per SF $12.27 per SF
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Mitchell fall within the 5,000 to 10,000 square foot range.

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