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Highway Frontage Redevelopment Opportunity
For Sale
$325,000

514 Washington Ave, Madison, SD 57042

1.18-acre highway frontage property suitable for redevelopment.

Property SizeContact for details
Lot Size1.18 Acres
Days on Market1183

Property Features for 514 Washington Ave

General Information

Standard status Active
Lot size 1.18 Acres
Property subtype Mixed Use

Taxes and HOA fees

Annual Taxes $2,471

Amenities

3
On Site.
Gravel Road.

Building Details

Year Built 1960
Listing Agency: Hegg, REALTORS
Listed By: Justin Garry
Source: Xome
Added: May 26, 2023 Changed: Aug 12 Last Checked: Aug 19 at 6:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hegg, REALTORS

Investment Insights

Based on property information with market context.

This 1.18-acre property is located on Washington Ave in Madison, South Dakota, and offers highway frontage, making it suitable for redevelopment. The site has nearly 200 feet of highway frontage. Formerly a restaurant and plumbing shop, the property is zoned for highway business, offering various potential uses.

Key Highlights

  • 1.18 acres of highway frontage property ideal for business re‑development.
  • Nearly 200 feet of highway frontage on Washington Ave.
  • Zoned as highway business, offering diverse usage possibilities.

Property Analytics

Current Use

Washington Lofts Apartment Building

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Bakery (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

497
Businesses Nearby

Demographics for 57042, SD

8,131
Population
3,768
Households
2.2
Avg Household Size
37
Median Age
37%
College-Educated
94%
High-School Grad
193.2 sq mi
ZIP Area
42
Density / Sq Mi
$68,672
Median Household Income
$37,067
Median Earnings
$877
Median Rent
$218,200
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - 1.18-acre highway frontage property suitable for redevelopment.
Where is this commercial land located?
The property is located at 514 Washington Ave Madison, SD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1.18 acres of highway frontage property ideal for business re‑development.; Nearly 200 feet of highway frontage on Washington Ave.; Zoned as highway business, offering diverse usage possibilities.
More about this property
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