Tenant-Occupied Mixed-Use
For Sale
$210,000
1124 S Washington Street, Aberdeen, SD 57401
Commercial, Aberdeen, SD
Property Size2,163 SF
Lot Size0.09 Acres
Price / SF$97.09
Days on Market63
Property Features for 1124 S Washington Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1, R4
Subdivision
Aberdeen - City
Standard status
Active
Size
2,163 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S2 LT 6 BK 35 THOMAS ADD & S 2''3'' LT 1 ANNA KAVENS BROWN COUNTY SOUTH DAKOTA
Tax Annual Amount
1957
Legal Description
S2 LT 6 BK 35 THOMAS ADD & S 2''3'' LT 1 ANNA KAVENS BROWN COUNTY SOUTH DAKOTA
Building Details
Year built
1905
Listing Agency:
eXp Realty
(800) 674-6089
Listed By:
Joni Napton
(605) 725-2228
Added: Aug 4
Changed: Sep 4
Last Checked: Oct 5 at 4:06PM
MLS# 26-527
Copyright © 2026 Aberdeen Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial and residential components within a 2,163-square-foot building constructed in 1905. A business tenant currently occupies the property, which is identified as income producing. The layout supports continued food service or adaptation for other business ventures.
Located at 1124 S Washington Street in Aberdeen, the property includes off-street parking for customers. The 0.089-acre site carries C1 and R4 zoning, providing the recorded commercial and residential land-use designations for the property.
Located at 1124 S Washington Street in Aberdeen, the property includes off-street parking for customers. The 0.089-acre site carries C1 and R4 zoning, providing the recorded commercial and residential land-use designations for the property.
Key Highlights
- 2,163‑square‑foot mixed‑use property
- Business tenant currently occupies the property
- C1, R4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,953
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,060
$339.1K
Cap Rate 7%
$242,186
$242.2K
Cap Rate 9%
$188,367
$188.4K
Market Conditions
NOI Build-Up for 2,163 SF
Gross rent
$28.6K $13.20/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$27.1K $12.54/SF
− OpEx
−$10.2K −$4.70/SF
NOI
$17.0K $7.84/SF
Area
Brown County, SD
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,060
Cap Rate 7%
$242,186
Cap Rate 9%
$188,367
Alternative Uses
Best Use
Specialty Retail
$334.8K
$292.9K – $390.6K
NOI $23,433 @ 7.0% cap · market cap 11.16%
Second Best
Mixed Use
$242.2K
$211.9K – $282.6K
NOI $16,953 @ 7.0% cap · market cap 8.07%
Theoretical Best
Healthcare Medical
$377.7K
$330.5K – $440.6K
NOI $26,436 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 31%
Scooter's Coffee
Dining
8,503 visits/mo
0.4 miles
Sinclair
Shops & Services
2,451 visits/mo
0.5 miles
First Interstate Bank
Shops & Services
2,314 visits/mo
0.5 miles
Domino's Pizza
Dining
2,047 visits/mo
0.5 miles
Demographics for 57401, SD
32,275
Population
15,016
Households
2.1
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
278.8 sq mi
ZIP Area
116
Density / Sq Mi
$68,183
Median Household Income
$40,562
Median Earnings
$787
Median Rent
$216,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial-residential building with off-street customer parking.
Where is this mixed-use property located?
The property is located at 1124 S Washington Street Aberdeen, SD.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 2,163‑square‑foot mixed‑use property; Business tenant currently occupies the property; C1, R4 zoning
