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Mixed-Use Property with Income Garage
For Sale
$399,000

118 S Galena Street, Lead, SD 57754

Includes a separate residence and additional unfinished space alongside a revenue-generating garage.

Property Size7,500 SF
Price / SF$53.20
Days on Market29

Property Features for 118 S Galena Street

General Information

Standard status Active
Size 7,500 SF
Property subtype Commercial

Units

Unit Mix 1 x 3BR/2.5BA
Multifamily Units 1

Building Details

Year Built 1921
Buildings 2
Building Size 7,500 SF
Listing Agency: Valente Realty
Listed By: Madison Shipman · License #1749
Source: Dupontrealestateteam
Added: Aug 3 Changed: Aug 31 Last Checked: Aug 31 at 12:22AM

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 Valente Realty

Investment Insights

Based on property information with market context.

This mixed-use property combines a revenue-producing 7,500-square-foot garage with a separate 2,068-square-foot residence in Lead, South Dakota. The home contains three bedrooms and two and a half bathrooms, providing a residential component alongside the garage operation.

An additional 1,500 square feet of unfinished space expands the property’s existing footprint. The residence is positioned for owner occupancy, short-term rental use, or a long-term lease, while the garage provides a separate income stream. The combination of residential and garage components creates a single property with multiple established use paths.

Key Highlights

  • 7,500‑square‑foot garage currently generating revenue
  • 2,068‑square‑foot residence with 3 bedrooms and 2.5 bathrooms
  • Additional 1,500 square feet of unfinished space

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Plumbing Service Grocery & Convenience Store Pharmacy Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

268
Businesses Nearby

Demographics for 57754, SD

3,579
Population
2,929
Households
1.2
Avg Household Size
48
Median Age
21%
College-Educated
96%
High-School Grad
264.9 sq mi
ZIP Area
14
Density / Sq Mi
$57,017
Median Household Income
$36,552
Median Earnings
$849
Median Rent
$220,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Includes a separate residence and additional unfinished space alongside a revenue-generating garage.
Where is this mixed-use property located?
The property is located at 118 S Galena Street Lead, SD.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 7,500‑square‑foot garage currently generating revenue; 2,068‑square‑foot residence with 3 bedrooms and 2.5 bathrooms; Additional 1,500 square feet of unfinished space
More about this property
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