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Downtown Office Building with Basement
For Sale
$375,000

421 S Lincoln Street, Aberdeen, SD 57401

Commercial, Aberdeen, SD

Property Size5,579 SF
Price / SF$67.22
Days on Market75

Property Features for 421 S Lincoln Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Aberdeen - City
Standard status Active
Size 5,579 SF

Taxes and HOA fees

Tax Year 2024
Tax Description N 20' LT 8 & LT 9 BK 1ST ADD
Tax Annual Amount 3434
Legal Description N 20' LT 8 & LT 9 BK 1ST ADD

Building Details

Year built 1950
Listing Agency: Dakota Plains Real Estate & Development
Listed By: Robin (Rob) K Johnson · License #15391
Added: Jul 16 Changed: Sep 6 Last Checked: Sep 28 at 12:06PM
MLS# 25-534

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 5,579-square-foot office building was constructed in 1950 and includes a 3,360-square-foot open main floor, four offices, and a full basement providing additional storage. The existing configuration combines open workspace with enclosed rooms within a substantial downtown commercial structure.

The property is located in Aberdeen’s downtown business core, near government services, retail, dining, and entertainment. Showings are available on weekdays during business hours with four hours’ advance notice.

Key Highlights

  • 5,579‑square‑foot office building constructed in 1950
  • 3,360‑square‑foot open main floor
  • Four offices included in the existing layout

Property Analytics

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Current Use

Veterans Memorial Park Native American Herbal ... Big Box & Wholesale Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Wine and Liquor Store Veterinary Clinic Parking Lot & Garage Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Office units

Location Intelligence

Trade Area within ½ mile

1,507
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Open main-floor layout includes four offices, basement storage, and adaptable commercial space.
Where is this office building located?
The property is located at 421 S Lincoln Street Aberdeen, SD.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5,579‑square‑foot office building constructed in 1950; 3,360‑square‑foot open main floor; Four offices included in the existing layout
More about this property
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