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    Tbd Sturgis Rd Summerset, SD 57718

    Sponsored
    For Sale
    $506,900

    2.78 Acres, High-Traffic Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2.78-acre commercial lot presents a unique opportunity in the thriving Summerset, SD market. Ideally situated at the northeast corner of Sturgis Road and Democracy Street, this property boasts premium visibility and accessibility from a high-traffic area. The lot has already been subdivided to its current size, simplifying the development process. Its generous acreage allows for a wide range of medium to large-scale commercial projects. Access is readily available from Sturgis Road, connecting to both American Eagle and Democracy Streets, ensuring excellent connectivity and convenient ingress/egress. All essential utilities are conveniently located at the lot line, including three-phase electric power, municipal water and sewer services, and communication lines. This eliminates significant upfront infrastructure costs and accelerates project timelines. The property benefits from the attractive economic incentive of a 0% Meade County property tax abatement for new commercial developments over a five-year period, significantly reducing initial financial burdens. This represents a compelling investment opportunity in a picturesque Black Hills foothills setting, experiencing notable local growth. Prospective buyers are responsible for independently verifying all details pertaining to this listing, including but not limited to, zoning regulations, utility specifications, and tax incentives.

    Property Features for Tbd Sturgis Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    121,097 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Summerset
    County
    Meade
    State
    South Dakota
    Longitude
    -103.3035
    Latitude
    44.14022

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    FAQs

    What type of property is this?
    Commercial real estate - 2.78 Acres, High-Traffic Location
    Where is this commercial real estate located?
    The property is located at Tbd Sturgis Rd Summerset, SD.
    What is the asking price?
    The asking price for this property is $506,900.
    (605) 390-8868
    Request Owner's contact information
    Tbd Sturgis Rd Summerset, SD 57718
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    Summerset, SD 57718
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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

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    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
    Tbd Sturgis Rd Summerset, SD 57718
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