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    Tbd Sturgis Rd Summerset, SD 57718

    For Sale
    $599,000

    3.17 Acres, High Visibility, Development Ready

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 3.17-acre commercial lot, situated on Sturgis Road in Summerset, South Dakota, presents a unique investment opportunity. Its strategic location borders a residential area, ensuring high visibility and convenient access for potential customers. The property's previous use as a construction storage yard demonstrates its suitability for various commercial ventures. The lot offers significant potential for a diverse range of developments, including self-storage facilities, strip malls, or restaurants. Importantly, the site has undergone significant preparation. Previous waste stabilization ponds, once present on the eastern portion of the property, have been filled and the entire lot has been professionally graded, eliminating the need for extensive site work. This significantly reduces development costs and accelerates the timeline for project completion. The property's size and location make it ideal for a business seeking a prominent presence in a growing community. The asking price is $599,000. This is a rare opportunity to acquire a well-prepared commercial lot in a desirable location. Serious inquiries are encouraged.

    Property Features for Tbd Sturgis Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    138,085 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 - 3.17 Acres, High Visibility, Development Ready
    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 $599,000.
    (605) 343-8800
    Request Owner's contact information
    Tbd Sturgis Rd 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

    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
    Tbd Sturgis Rd Summerset, SD 57718
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