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    508 Main St Lead, SD 57754

    Sponsored
    For Sale
    $459,000

    Business/Land/Building(s) - Lead, SD

    Property size:
    1,512 SF
    Lot size:
    0.12 Acres
    Days on Market:
    125
    Last Refresh:
    Jan 7 at 2:06 am

    Property Features for 508 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Parking Lot, Paved or Surfaced
    Interior features
    High Visibility, Laundry, Manager On-site
    Exterior features
    Hi-traffic Location, Other
    Size
    1,512 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1969
    Floors in Building
    1
    Architectural style
    Other

    Great Peaks Realty Munro & Gran LLC (605) 209-2052 [email protected]

    Listing agent Scot Munro (605) 717-7325

    Listing date Sep 5, 2025

    MLS# 80321 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

    Downtown Space with Local Laundromat

    This property features a downtown space and a local laundromat that has been a community fixture for years. The laundromat includes a recent addition. A portion of the space has been remodeled and is currently used as a secondary lease space. The property also includes a separate shed in the back, which is currently leased as office space. The total property size is 1512 square feet, situated on a lot of 0.12 acres. There is potential for the current tenants in the back areas to continue their leases, with terms to be negotiated with the new buyers. The lease of the separate shed in the back, currently used as office space, is also negotiable as part of the purchase. The property is located in Lead, South Dakota.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lead
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.769323
    Latitude
    44.352087492399

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    FAQs

    What type of property is this?
    Retail space - Downtown space and laundromat with new addition for sale.
    Where is this retail space located?
    The property is located at 508 Main St Lead, SD.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: - Established downtown laundromat with loyal customer base.; - New addition provides secondary lease income potential.; - Hi-traffic location with high visibility.
    (605) 641-6482
    Request Owner's contact information
    508 Main St Lead, SD 57754
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    Realmo Value Estimation

    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.

    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.

    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
    508 Main St Lead, SD 57754
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