Mixed-Use Property with Cold
New
For Sale
$835,000
11 N Dakota Street, Aberdeen, SD 57401
Commercial, Aberdeen, SD
Property Size10,490 SF
Price / SF$79.60
Days on Market1
Property Features for 11 N Dakota Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Aberdeen - City
Standard status
Active
Size
10,490 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9111
Building Details
Year built
1940
Listing Agency:
Century 21 Northern Advantage
(605) 225-7179
Listed By:
Ashton Davis · License #SD20519
(605) 228-1067
Added: Oct 6
Last Checked: Oct 6 at 7:06PM
MLS# 26-700
Copyright © 2026 Aberdeen Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The sale includes the buildings at 9 N Dakota St. and 11 N Dakota St.; the offering is for the buildings only. Building 1 contains 10,490 square feet, with eight office spaces, a front reception area, and three bathrooms. Its specialized areas include 4,212 square feet of cold storage and 5,394 square feet of climate-controlled space. Interior work was completed in 2012, and a fenced yard is situated next to the train tracks.
Street signage on Dakota Street is included, and rental income is part of the offering.
Street signage on Dakota Street is included, and rental income is part of the offering.
Key Highlights
- 10,490‑square‑foot building with eight office spaces
- 4,212 square feet of cold storage
- 5,394 square feet of climate‑controlled space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,889
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,780
$577.8K
Cap Rate 7%
$412,700
$412.7K
Cap Rate 9%
$320,989
$321.0K
Market Conditions
NOI Build-Up for 10,490 SF
Gross rent
$34.0K $3.24/SF
− Vacancy
$0 $0.00/SF
EGI
$34.0K $3.24/SF
− OpEx
−$5.1K −$0.49/SF
NOI
$28.9K $2.75/SF
Area
Brown County, SD
Vacancy
0.00%
Lease Rate
$3.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,780
Cap Rate 7%
$412,700
Cap Rate 9%
$320,989
Alternative Uses
Best Use
Mixed Use
$1.17M
$1.03M – $1.37M
NOI $82,215 @ 7.0% cap · market cap 9.85%
Second Best
Warehouse
$412.7K
$361.1K – $481.5K
NOI $28,889 @ 7.0% cap · market cap 3.46%
Theoretical Best
Healthcare Medical
$1.83M
$1.60M – $2.14M
NOI $128,209 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
Explore this area
Business Placement
Demographics for 57401, SD
32,275
Population
15,016
Households
2.1
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
278.8 sq mi
ZIP Area
116
Density / Sq Mi
$68,183
Median Household Income
$40,562
Median Earnings
$787
Median Rent
$216,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, climate-controlled, and refrigerated areas combine in a building offered with rental income and street signage.
Where is this mixed-use property located?
The property is located at 11 N Dakota Street Aberdeen, SD.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: 10,490‑square‑foot building with eight office spaces; 4,212 square feet of cold storage; 5,394 square feet of climate‑controlled space
