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    514 Washington Ave Madison, SD 57042

    Sponsored
    For Sale
    $399,900

    Prime 1.18-acre development opportunity. High-traffic location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1.18-acre mixed-use property, located at 514 S Washington Ave in Madison, South Dakota, presents a remarkable redevelopment opportunity for discerning investors and entrepreneurs. Boasting nearly 200 feet of highway frontage on Washington Avenue, this parcel enjoys exceptional visibility and accessibility, ensuring high traffic exposure for any future business venture. The property's previous use as a restaurant and plumbing shop demonstrates its versatility and adaptability to a wide range of commercial applications. The expansive lot size offers ample space for new construction or significant renovation, allowing for the creation of a custom-designed facility tailored to specific business needs. Currently zoned as highway business, this property is ideally suited for a variety of commercial uses, making it an attractive investment with significant potential for growth and return. The strategic location in Madison, SD, provides access to a thriving local market and convenient connections to regional transportation networks. This is a rare chance to acquire a highly visible and versatile property in a desirable location, ready for its next chapter. Don't miss this opportunity to capitalize on the potential of this prime commercial real estate.

    Property Features for 514 Washington Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    51,401 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Washington Lofts Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    South Dakota
    Longitude
    -97.1095
    Latitude
    43.99983

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Prime 1.18-acre development opportunity. High-traffic location.
    Where is this mixed-use property located?
    The property is located at 514 Washington Ave Madison, SD.
    What is the asking price?
    The asking price for this property is $399,900.
    (605) 336-2100
    Request Owner's contact information
    514 Washington Ave Madison, SD 57042
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    Madison, SD 57042
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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
    514 Washington Ave Madison, SD 57042
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