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Flex Industrial Building with Loading Docks
For Sale
$515,000

1 S 3rd Street, Aberdeen, SD 57401

Commercial, Aberdeen, SD

Property Size27,220 SF
Price / SF$18.92
Days on Market269

Property Features for 1 S 3rd Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning I2
Subdivision Aberdeen - City
Standard status Active
Size 27,220 SF

Taxes and HOA fees

Tax Description LT 1 GROTES 2ND ADD (BK 17 ADD)
Tax Annual Amount 5225
Legal Description LT 1 GROTES 2ND ADD (BK 17 ADD)

Amenities

two loading docks
several overhead doors
heated and cold storage
multiple offices
three furnaces

Building Details

Year built 1928
Listing Agency: Dakota Plains Real Estate & Development
Listed By: Robin (Rob) K Johnson · License #15391
Added: Jan 9 Changed: Sep 6 Last Checked: Oct 5 at 11:06AM
MLS# 26-12

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 27,220-square-foot flex facility occupies an older industrial building constructed in 1928. The property combines heated and cold storage with multiple offices, showroom areas, two loading docks, and several overhead doors. Three furnaces serve the building, and new flooring is planned for the office and showroom spaces.

The layout can be divided into four sections, offering separate areas within the overall facility. The property is zoned I2. Some asbestos is present in the building; information provided by the former owner indicates that it has been covered and sealed and is non-friable.

Key Highlights

  • 27,220 square feet of flex industrial space
  • Heated and cold storage areas within the facility
  • Two loading docks and several overhead doors

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Parking Lot & Garage Building Supply Garden Center Food Market

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

2
Dock-high doors

Location Intelligence

Trade Area within ½ mile

1,157
Businesses Nearby
Balanced
Demand for This Use

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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Similar Off Market Nearby

  • Canterbury Deli & Catering — 412 S Main St, Aberdeen, SD 57401
  • Fabricia Cooks — 515 N 1st St, Aberdeen, SD 57401
  • Aberdeen Catering Company — 719 N Main St, Aberdeen, SD 57401

Frequently Asked Questions

What type of property is this?
Flex space - Versatile industrial facility combining heated and cold storage with office, showroom, and service areas.
Where is this flex space located?
The property is located at 1 S 3rd Street Aberdeen, SD.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 27,220 square feet of flex industrial space; Heated and cold storage areas within the facility; Two loading docks and several overhead doors
More about this property
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