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

    325 E Main Street Lead, SD 57754

    View on Map
    Claim this Listing
    For Sale
    $499,000

    CI Land w/Building - Lead, SD

    Property size:
    3,000 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $166/SF
    Added:
    Jan 28, 2026
    Days on Market:
    93
    Last Refresh:
    May 1 at 12:06 am

    Property Features for 325 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    2022
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Heath Gran

    Listing agent Heath Gran

    Listing office Great Peaks Realty 115 E. Hudson, Spearfish, SD

    Listing date Jan 28, 2026

    MLS# 87281 Listing URL

    Copyright © 2026 Mt. Rushmore Area Association 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

    Commercial Shop on Main Street

    This property offers an opportunity to own a 3,000 sq ft commercial shop situated on Main Street in Lead, South Dakota. The property benefits from a centralized location with high traffic. It features 400-amp service, heated floors, a bathroom, and an office. Off-street parking is available. The shop is equipped with two car lifts that are negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lead
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.7676097
    Latitude
    44.3519032

    Nearby Similar for Sale

    • $300,000

      New Shop Space Opportunity

      New 40x50 shop space for sale in Lead, SD.
      Unit 2 Rochford Road, Lead, SD 57754
      View Details
    • $329,900

      Remodeled Duplex Near Main Street

      Recently remodeled duplex with modern amenities and convenient location.
      8 Baltimore Street, Lead, SD 57754
      View Details
    • $300,000

      New Shop Space Opportunity

      Brand new, fully finished shop space in central Lead, SD.
      Unit 1 Rochford Road, Lead, SD 57754
      View Details
    • $269,000

      New Shop Space Opportunity

      New 30x50 shop space in central Lead location.
      Unit 8 Rochford Road, Lead, SD 57754
      View Details
    • $269,000

      New Shop Space Opportunity

      New shop space for sale, completion expected Spring 2026.
      Unit 5 Rochford Road, Lead, SD 57754
      View Details
    • $269,000

      New Shop Space Opportunity

      New shop space for sale, completion expected Spring 2026.
      Unit 6 Rochford Road, Lead, SD 57754
      View Details
    • $269,000

      New Shop Space Opportunity

      New shop space for sale, completion expected Spring 2026.
      Unit 4 Rochford Road, Lead, SD 57754
      View Details
    • $269,000

      New Shop Space Opportunity

      New, fully finished shop space in central Lead, South Dakota.
      Unit 7 Rochford Road, Lead, SD 57754
      View Details
    • $269,000

      New Shop Space Opportunity

      New shop space for sale, completion expected Spring 2026.
      Unit 3 Rochford Road, Lead, SD 57754
      View Details
    • $459,000
      1,512 SF

      Downtown Laundromat with Lease Income

      Downtown laundromat with additional lease income opportunity.
      508 Main Street, Lead, SD 57754
      View Details
    • $1,195,000
      12,328 SF

      Thirteen-Unit Apartment Complex For Sale

      Thirteen-unit apartment complex with recent updates and meticulous care.
      300 Aspen Drive, Lead, SD 57754
      View Details

    FAQs

    What type of property is this?
    Auto shop - 3,000 sq ft commercial shop in high-traffic location.
    Where is this auto shop located?
    The property is located at 325 E Main Street Lead, SD.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 3,000 sq ft commercial shop on Main Street in Lead.; High‑traffic, centralized location.; Equipped with 400‑amp service.
    (605) 209-2052
    We can help!
    Listing Contact
    Heath Gran
    Real Estate License ID: SD 12630
    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!