Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    121 Kidder Street Vermillion, SD 57069

    View on Map
    Claim this Listing
    Picture of Storefront properties at 121 Kidder Street, Vermillion, SD
    For Sale
    $720,000

    Multi-Unit - Vermillion, SD

    Property size:
    10,800 SF
    Lot size:
    0.60 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 18 at 4:06 am

    Property Features for 121 Kidder Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    comm
    Parking features
    Driveway
    Exterior features
    Level Lot
    Standard status
    Active
    APN
    155300290017000
    Size
    10,800 SF
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8022

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1995
    Architectural style
    Other

    We can help!

    Listing Contact
    Kris O'Connor

    Listing agent Kris O'Connor

    Listing office Dakota Realty 125 E Cherry, Vermillion, SD

    Listing date Mar 2, 2026

    MLS# 831975 Listing URL

    Copyright © 2026 Northwest Iowa Regional 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.

    Overview

    Vermillion Commercial Building For Sale

    This commercial building, located in downtown Vermillion, presents an investment opportunity. The property is currently occupied by two long-term tenants. The roof was replaced in 2022. The owner is responsible for utilities, monthly cleaning expenses of $400, snow removal, garbage disposal, and rugs. One tenant's lease expires on May 31, 2028, while the other tenant is currently on a month-to-month lease, with potential for long-term extension. The building has a size of 10800 square feet and is situated on a 0.6-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Rural Development Sustainability Organization Natural Resources Conservation Sustainability Organization Clay County Abstract ... Title Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Hy-vee Floral — 525 W Cherry St, Vermillion, SD 57069

    Location Insight

    • Map
    • Local Demand
    City
    Vermillion
    County
    Clay
    State
    South Dakota
    Longitude
    -96.9349052
    Latitude
    42.7784268

    Nearby Similar for Sale

    • $375,000
      4,784 SF

      Vermillion Multi-Unit Income Property

      Five-unit income property near Downtown Vermillion and USD campus.
      125 Prospect, Vermillion, SD 57069
      View Details
    • $195,000
      1,350 SF

      Vermillion Duplex with Garage

      Duplex with private entrances, unfinished basement, and detached garage.
      117 S Pine, Vermillion, SD 57069
      View Details
    • $199,900
      1,676 SF

      Vermillion Multi-Unit Investment Opportunity

      Multi-unit property with expansion potential near schools and downtown.
      216-216 1/2 High, Vermillion, SD 57069
      View Details
    • $299,900

      Vermillion Commercial Property on Cherry

      Corner lot near USD campus, suitable for various commercial ventures.
      23 East Cherry Street, Vermillion, SD 57069
      View Details
    • $279,000
      2,496 SF

      Vermillion Multi-Unit Near USD Campus

      Upgraded duplex near USD Campus with income potential.
      4 W Clark, Vermillion, SD 57069
      View Details
    • $169,900
      1,924 SF

      Vermillion Duplex Near Downtown

      Duplex near downtown, schools, and park in Vermillion, SD.
      216-218 W Cedar, Vermillion, SD 57069
      View Details
    • $298,000
      1,800 SF

      Versatile Commercial Property For Sale

      Mixed-use commercial property suitable for retail, office, or industrial use.
      1325 E Cherry Street, Vermillion, SD 57069
      View Details
    • $30,000

      Residential Lot in Vermillion, SD

      Residential lot available in Vermillion, South Dakota.
      Lot 3 Block 4 Jack Powell Add, Vermillion, SD 57069
      View Details
    • $30,000

      Residential Lot in Vermillion, SD

      Residential lot available in Vermillion, South Dakota.
      Lot 25 Block 4, Jack Powell Addition, Vermillion, SD 57069
      View Details
    • $30,000

      Residential Lot in Vermillion, SD

      Residential lot available in Vermillion, South Dakota.
      Lot 26 Block 4, Jack Powell Addition, Vermillion, SD 57069
      View Details
    • $30,000

      Residential Lot in Vermillion, SD

      Residential lot available in Vermillion, South Dakota.
      Lot 2 Block 4, Jack Powell Addition, Vermillion, SD 57069
      View Details
    • Contact for pricing

      Fully Leased Apartment and Townhome

      Class A property with a mix of apartments and townhomes.
      1317 Madison Street, Vermillion, SD 57069
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial building with long-term tenants in downtown Vermillion.
    Where is this storefront property located?
    The property is located at 121 Kidder Street Vermillion, SD.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: Long‑term USDA tenant in place until 5/31/2028 provides stable income.; New flooring being installed in the USDA portion of the building in May.; Roof replaced in 2022.
    (605) 202-0608
    We can help!
    Listing Contact
    Kris O'Connor
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!