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    Tbd Republic Rd Summerset, SD 57718

    Sponsored
    For Sale
    $1,308,015

    7.6 Acres, I-90 Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 7.6-acre commercial lot in Summerset, South Dakota, presents a remarkable development opportunity. Located on TBD Republic Road, the rectangular parcel boasts impressive dimensions of approximately 535 feet wide by 624 feet deep (see attached plat for details). Its strategic location offers significant frontage along I-90, measuring approximately 530 linear feet, ensuring high visibility and accessibility for any commercial venture. The property's gentle 3-4% cross slope facilitates ease of construction. Utilities are readily available, with sewer and water access points along Independence Street, Republic Road, and the I-90 corridor. All other utilities are accessible via Independence Street or Republic Road. Zoned for General Commercial use, this expansive lot is ideally suited for a variety of medium to large-scale projects. A significant advantage for developers is the availability of a 0% property tax abatement for five years, offered by Meade County for all new commercial construction. This incentive significantly reduces initial investment costs and enhances the overall return on investment. This prime location and attractive tax benefit make this property an exceptional investment opportunity.

    Property Features for Tbd Republic Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    331,056 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Summerset
    County
    Meade
    State
    South Dakota
    Longitude
    -103.3389
    Latitude
    44.18725

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    FAQs

    What type of property is this?
    Commercial real estate - 7.6 Acres, I-90 Visibility
    Where is this commercial real estate located?
    The property is located at Tbd Republic Rd Summerset, SD.
    What is the asking price?
    The asking price for this property is $1,308,015.
    (605) 390-8868
    Request Owner's contact information
    Tbd Republic 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

    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 Republic Rd Summerset, SD 57718
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