Standalone Bank
116 3rd SW Ave, Aberdeen, SD 57401
For Sale
New
$300,000
A former auto-teller facility offers multiple access points at a signal-controlled intersection.
Property Size2,861 SF
Price / SF$104.86
Days on Market6
Property Features for 116 3rd SW Ave
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Amenities
Lot Size Acres: 0.69
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure, Sale Type: Auction, Online Only Auction, Auction URL: https://bid.auctionnetwork.com/Event/LotDetails/8776803/116-3rd-Ave-SW-Aberdeen-SD-57401-404240
Above Area Square Feet: 2861
Listing Agency:
Williams & Williams Real Estate Auctions
Listed By:
Brian Brockman
(800) 801-8003
Source:
Doyle-realty
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:12AM
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 Williams & Williams Real Estate Auctions
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding bank property contains 2,861 square feet and was previously used for auto-teller service. Its standalone configuration is paired with multiple access points at a signalized intersection.
Key Highlights
- 2,861 SF standalone bank building
- Previously used for auto‑teller service
- Multiple access points at a signalized intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,083
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,660
$441.7K
Cap Rate 7%
$315,471
$315.5K
Cap Rate 9%
$245,367
$245.4K
Market Conditions
NOI Build-Up for 2,861 SF
Gross rent
$34.3K $12.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$31.5K $11.03/SF
− OpEx
−$9.5K −$3.31/SF
NOI
$22.1K $7.72/SF
Area
Brown County, SD
Vacancy
8.11%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,660
Cap Rate 7%
$315,471
Cap Rate 9%
$245,367
Alternative Uses
Best Use
Specialty Retail
$442.8K
$387.4K – $516.6K
NOI $30,995 @ 7.0% cap · market cap 10.33%
Second Best
Retail
$315.5K
$276.0K – $368.1K
NOI $22,083 @ 7.0% cap · market cap 7.36%
Theoretical Best
Healthcare Medical
$499.5K
$437.1K – $582.8K
NOI $34,967 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Shops & Services 12%
McDonald's
Dining
23,164 visits/mo
0.2 miles
Wells Fargo Home Mortgage
Shops & Services
3,318 visits/mo
0.5 miles
Mazatlan Mexican Restaurant
Dining
2,814 visits/mo
0.3 miles
Sanders
Shops & Services
381 visits/mo
0.4 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - A former auto-teller facility offers multiple access points at a signal-controlled intersection.
Where is this bank located?
The property is located at 116 3rd SW Ave Aberdeen, SD.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,861 SF standalone bank building; Previously used for auto‑teller service; Multiple access points at a signalized intersection
