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    Mitchell, SD
    Apartment Building

    Mitchell, SD Apartment Buildings for Sale

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    Mount Vernon, SD Stickney, 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 11 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Well-Maintained 5-Plex Apartment Building
    Well-Maintained 5-Plex Apartment Building

    2405-2416 Prairie Eagle Cir, Huron, SD 57350

    $599,900
    5,744 sqft 0.46 AC lot

    Single-level 5-plex with five units and individual garages, offering an income-producing multifamily setup in Huron.

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    Apartment Building in Scotland, SD
    Apartment Building in Scotland, SD

    821 Main Street |, Scotland, SD 57059

    $750,000

    Apartment building with renovated units and common areas for sale.

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    Sioux Falls Multifamily Investment Property
    Sioux Falls Multifamily Investment Property

    3113 W 12th St, Sioux Falls, SD 57104

    Contact for pricing
    60,798 sqft 1.47 AC lot

    30-unit apartment complex in Sioux Falls, 100% occupied.

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    RV Park and Apartments
    RV Park and Apartments

    4501 W 12th St, Sioux Falls, SD

    Contact for pricing
    15.02 AC lot

    RV park with apartments, high visibility, and commercial zoning.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

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    Multi-Family Zoned Lot Near EWU
    Multi-Family Zoned Lot Near EWU

    7 5th Street, Cheney, WA 99004

    $460,000
    16,000 sqft 0.37 AC lot

    16,000 sq ft multi-family zoned lot near Eastern Washington University.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    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

    Value Estimation by Request
    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%

    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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