Standalone Bank
New
For Sale
$300,000
116 3rd SW Ave, Aberdeen, SD 57401
Commercial Sale, Aberdeen, SD
Property Size2,861 SF
Lot Size0.69 Acres
Price / SF$104.86
Days on Market3
Property Features for 116 3rd SW Ave
General Information
Property type
Commercial Sale
Property subtype
Other
High school district
000000
Standard status
Active
APN
000000-000.000-0014-0007.000
Size
2,861 SF
Lot size
0.69 Acres
Building Details
Buildings
1
Listing Agency:
Williams & Williams Real Estate Auctions
Listed By:
Brian L Brockman
(800) 801-8003
Added: Nov 4
Last Checked: Nov 6 at 4:06AM
MLS# 12054527
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 standalone bank property contains approximately 2,861 square feet and occupies a 0.69-acre site. The building was previously used as an auto-teller facility.
Multiple access points connect the property to a signalized intersection in Aberdeen, South Dakota.
Multiple access points connect the property to a signalized intersection in Aberdeen, South Dakota.
Key Highlights
- Approximately 2,861 square feet in a standalone building
- Former auto‑teller facility
- 0.69‑acre site with multiple access points
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
1,109
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 38%
Beauty & Spa 2%
Scooter's Coffee
Dining
8,503 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,596 visits/mo
0.2 miles
Wells Fargo Home Mortgage
Shops & Services
3,318 visits/mo
0.1 miles
Mazatlan Mexican Restaurant
Dining
2,814 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
2,581 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 - The former auto-teller facility has multiple access points at a signalized 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: Approximately 2,861 square feet in a standalone building; Former auto‑teller facility; 0.69‑acre site with multiple access points
