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    1505 Lazelle St Sturgis, SD 57785

    For Sale
    $529,000

    High-Visibility Commercial Property, Excellent Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property in Sturgis, South Dakota, presents a unique investment opportunity. Situated on a 0.26-acre lot at the prime northwest corner of 5th and LaZelle Streets, adjacent to the Sturgis Community Center, this location boasts unparalleled visibility. The property encompasses a substantial 11,250 square feet of paved space, ideal for year-round retail operations and especially lucrative during the renowned Sturgis Motorcycle Rally. The lot features three-sided access, ensuring convenient ingress and egress. Improvements include a well-maintained 896 square foot building. The paved area is complemented by landscaping, providing an attractive and functional space. Comprehensive utilities are in place, including city water, superior lighting on tall metal poles, and readily available 110V and 220V power boxes with various amperage outlets. Telephone hookups and sidewalks on two sides further enhance the property's appeal. The building itself includes a finished 32' x 28' garage with an 8'x16' roll-up door, an 11-foot ceiling, heating and air conditioning, a 7'x7' kitchen area, a 7'x7' utility room, and two bathrooms – one with a shower and an external door. A 23'x27' showroom boasts a tiled concrete floor and solid core doors. This turnkey operation is ready for immediate occupancy and offers significant potential for a variety of commercial ventures.

    Property Features for 1505 Lazelle St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    11,326 SF
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sturgis
    County
    Meade
    State
    South Dakota
    Longitude
    -103.5172
    Latitude
    44.41617

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Commercial Property, Excellent Location
    Where is this commercial real estate located?
    The property is located at 1505 Lazelle St Sturgis, SD.
    What is the asking price?
    The asking price for this property is $529,000.
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    1505 Lazelle St Sturgis, SD 57785
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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
    1505 Lazelle St Sturgis, SD 57785
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