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    412 N Main St Mitchell, SD 57301

    For Sale
    $375,000

    COMMERCIAL - Mitchell, SD

    Type:Retail
    Property size:
    20,016 SF
    Lot size:
    0.24 Acres
    Days on Market:
    59
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 412 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    Commercial
    APN
    15450-11000-00200
    Size
    20,016 SF
    Lot size
    0.24 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1959
    Floors in Building
    2
    Flooring type
    Wood, Marble, Carpet, Tile
    Building materials
    Masonry
    Roof type
    Rubber

    Better Homes and Gardens Real Estate Beyond (605) 413-7522 [email protected]

    Listing agent Brandon P Martens

    Listing date Oct 8, 2025

    MLS# 22507700 Listing URL

    Copyright © 2025 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Main Street Retail Space

    Located one block from the Corn Palace on Mitchell's historic Main Street, this commercial property offers over 21000 square feet of retail and commercial space. The landmark features 12 partitioned storefronts, a mezzanine office, a former kitchen, upstairs offices, and a basement shop. Recent updates include a new roof, HVAC, and a drain-tiled basement. The property is situated on a 0.2402-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Second Impression Palace ... Antique Store 400 Palace Plaza ... Shopping Mall

    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
    Mitchell
    County
    Davison
    State
    South Dakota
    Longitude
    -98.025132
    Latitude
    43.71299

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    FAQs

    What type of property is this?
    Strip mall - Versatile retail and commercial space in Mitchell, South Dakota.
    Where is this strip mall located?
    The property is located at 412 N Main St Mitchell, SD.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Prime location on Mitchell's historic Main Street, just one block from the Corn Palace.; - Boasting over 21,000 sq ft of versatile retail and commercial space.; - Priced under $18 per sq ft.
    (605) 413-7522
    Request Owner's contact information
    412 N Main St Mitchell, SD 57301
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    Mitchell, SD 57301
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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
    412 N Main St Mitchell, SD 57301
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