116 SW 3rd Avenue, Aberdeen, SD 57401
- Added:
- May 28, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 10 at 5:06 am
Property Features for 116 SW 3rd Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,881 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LT 7-10 BK ORIGINAL PLAT EX H1 INC V/A
- Tax Annual Amount
- 9432
Building Details
- Year built
- 1972
Listing agent Robin (Rob) K Johnson License #15391 (605) 225-1800
Listing office Dakota Plains Real Estate & Development 10 Railroad Ave SW Suite 209 PO Box 737, Aberdeen, SD (605) 225-1800
Listing date May 28, 2026
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.
HighLights
- High traffic location (top 10 in Aberdeen)
- Multiple lane drive‑thru
- Signalized corner in downtown core
- Standalone building (2,881 sf)
- Multiple access points
- Suitable for professional office or retail
Overview
Located at a signalized corner in the downtown core of Aberdeen, South Dakota, the site is positioned for strong street-level exposure. The listing notes very high traffic and a top 10 traffic count in Aberdeen, supported by a very visible, high-traffic location.
The drive-thru setup and multiple access points make the property practical for operators seeking a downtown presence with an easy in-and-out experience for customers. The layout can also suit a professional office or retail tenant looking for a standalone building with prominent visibility. For showings, the listing requires 24-hour notice for corporate approval, with weekday access limited to 9:00 AM to 4:00 PM only.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $15.00 |
| − Vacancy | −$8.6k | −$3.00 |
| EGI | $34.6k | $12.00 |
| − OpEx | −$8.6k | −$3.00 |
| NOI | $25.9k | $9.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Aberdeen
- County
- Brown
- State
- South Dakota
- Longitude
- -98.489676
- Latitude
- 45.4687593
