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    210 Center St West Madison, SD 57042

    For Sale
    $2,500,000

    Former high school converted to multifamily with underground parking.

    Building Details

    Year built
    1920

    Source: Dennis Breske, CCIM, SIOR, MBA Agent Dennis Breske, CCIM, SIOR, MBA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property in Madison, SD

    This multifamily property, formerly Madison High School, features a mix of one- and two-bedroom apartments. The unit mix includes seven one-bedroom, one-bathroom units; nine smaller two-bedroom, one-bathroom units; ten larger two-bedroom, one-bathroom units; and five two-bedroom, one-bathroom units with vaulted ceilings on the third level. The property includes a large underground garage with 31 parking stalls, renovated in Fall 2024. The building has institutional-quality, solid construction. A new roof was installed in 2023-2024. A passenger elevator serves all levels. Built in 1920, the property has a stable tenant mix, with most tenants being over 55 years old.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    South Dakota
    Longitude
    -97.1163113
    Latitude
    44.0054017

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    FAQs

    What type of property is this?
    Apartment building - Former high school converted to multifamily with underground parking.
    Where is this apartment building located?
    The property is located at 210 Center St West Madison, SD.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - New roof (2023-2024) and renovated parking garage (Fall 2024); - Institutional quality solid construction; - Diverse unit mix: one, two-bedroom units, some with vaulted ceilings
    (605) 310-6666
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    210 Center St West Madison, SD 57042
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