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    1020 Junction Ave Sturgis, SD 57785

    For Sale
    $1,998,000

    Prime Sturgis location, high rally income potential.

    Property size:
    1,476 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, situated at 1020 Junction Avenue in the heart of Sturgis, South Dakota, presents a unique investment opportunity. Boasting a prime location at the southeast intersection of Main Street and Junction Avenue, this property benefits from significant year-round traffic and enjoys exceptional visibility, particularly during the renowned Sturgis Motorcycle Rally. The main building encompasses 1,476 square feet and is currently operating as a successful antique store. Adding to its income-generating potential, over 6,100 square feet of additional space is available for lease, primarily utilized for lucrative rally vendor spaces. Current rental income from vendors during the rally averages approximately $75,000 annually, offering substantial returns on investment. However, with strategic management and potential upgrades, this figure has significant room for growth. The property sits on a 0.18-acre lot, providing ample space for both the existing building and potential future expansion or development. This property is ideal for investors seeking a strong return on investment in a high-demand location with proven income streams and significant upside potential. The combination of a thriving retail space and highly sought-after rally vendor space makes this a truly unique and compelling commercial opportunity. The property's strategic location ensures consistent exposure and high foot traffic throughout the year.

    Property Features for 1020 Junction Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,476 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prairie Emporium - Antiques ... Antique Furniture Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sturgis
    County
    Meade
    State
    South Dakota
    Longitude
    -103.5088
    Latitude
    44.41395

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Sturgis location, high rally income potential.
    Where is this commercial real estate located?
    The property is located at 1020 Junction Ave Sturgis, SD.
    What is the asking price?
    The asking price for this property is $1,998,000.
    (605) 347-9300
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    1020 Junction Ave Sturgis, SD 57785
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    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
    1020 Junction Ave Sturgis, SD 57785
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