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    105 5Th St Freeman, SD 57029

    Sponsored
    For Sale
    $250,000

    Spacious office, high potential, great location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 1960 square foot office building presents a rare investment opportunity in the heart of Freeman, SD. Constructed in 1982, the property boasts a desirable location and significant potential for multiple uses. The building features two separate entrances, ideal for multiple tenants or a single business requiring partitioned spaces. Imagine the possibilities: two or even three independent leases, or a single entity utilizing the versatile layout for various departments. A welcoming reception area with seating sets the tone, while three separate bathrooms (one with a shower) ensure convenience. Two fully equipped kitchenettes/breakrooms, complete with sinks and storage, add to the functionality. Multiple internet and phone hookup capabilities are available. The building's attractive brick exterior, metal roof, and landscaping enhance curb appeal. Inside, abundant natural light streams through numerous windows. A full basement houses a single-unit propane furnace and central air conditioning system. The property includes ample asphalt parking for 5-6 vehicles, with a convenient turnaround for easy access and egress. The 0.29-acre lot provides comfortable space. The building is currently zoned for office use, but potential for other uses should be verified with the city's zoning and ordinance department. This is a truly remarkable opportunity for a savvy investor or business owner seeking a well-maintained, versatile property in a thriving community. Priced at $250,000.

    Property Features for 105 5Th St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1982
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeman
    County
    Other (Out of Jurisdiction)
    State
    South Dakota
    Longitude
    -97.43684
    Latitude
    43.35028

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious office, high potential, great location.
    Where is this office property / space located?
    The property is located at 105 5Th St Freeman, SD.
    What is the asking price?
    The asking price for this property is $250,000.
    (605) 925-4141
    Request Owner's contact information
    105 5Th St Freeman, SD 57029
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    Freeman, SD 57029
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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
    105 5Th St Freeman, SD 57029
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