1023 S MAIN Street, Aberdeen, SD 57401
- Added:
- May 17, 2026
- Days on Market:
- 50
- Last Refresh:
- Jul 5 at 2:06 pm
Property Features for 1023 S MAIN Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,504 SF
Taxes and HOA fees
- Tax Description
- LOT 7 BLOCK 39 THOMAS ADDITION BROWN COUNTY, SOUTH DAKOTA
- Tax Annual Amount
- 3335
Building Details
- Year built
- 1900
Listing agent Ashton Davis License #SD20519 (605) 225-7179
Listing office Century 21 Northern Advantage 1708 8th AVE NE, Aberdeen, SD (605) 225-7179
Listing date May 17, 2026
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.
HighLights
- Located on South Main Street, a desirable Aberdeen business location.
- Includes an income‑producing 2‑bedroom/1‑bathroom apartment.
- Personal property is available with the sale.
- Opportunity to start a business.
- Building is the historic 'Old Dempsey's Building'.
- Built in 1900.
Overview
The building is located on South Main Street in Aberdeen, South Dakota. The provided remarks indicate the location is intended to support getting a business started at the property.
For tenants, buyers, or operators seeking a single structure that can support a storefront or other business use with on-site residential income, the combination of commercial space below and a 2 bed / 1 bath apartment above is the key feature. Because personal property availability is noted with the sale, it may be important to confirm what is included prior to scheduling a showing.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $9.72 |
| − Vacancy | −$3.5k | −$0.99 |
| EGI | $30.6k | $8.73 |
| − OpEx | −$13.8k | −$3.93 |
| NOI | $16.8k | $4.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Aberdeen
- County
- Brown
- State
- South Dakota
- Longitude
- -98.48763
- Latitude
- 45.453912
