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    N Main St Mitchell, SD 57301

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    For Lease
    $1,230,000

    Retail store, restaurant, and office space available for lease.

    Property size:
    2,560 SF
    Lot size:
    0.54 Acres

    Property Features for N Main St

    General Information

    Size
    2,560 SF
    Lot size
    0.54 Acres

    Source: Janklow Eliason Real Estate Agent Brian Eliason

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

    Overview

    Retail and Restaurant Opportunity

    A commercial property featuring a primary building constructed in 1992, encompassing 7,840 square feet, is available for sale or lease. This building currently functions as a retail store. Additionally, a secondary building, dating back to 1987, provides 2,560 square feet of space suitable for a restaurant and office use. A paved parking lot measuring 10,737 square feet is available, providing parking for customers. This property presents an opportunity for various businesses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Mitchell
    County
    Davison
    State
    South Dakota
    Longitude
    -98.0254371
    Latitude
    43.7094731

    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Retail space - Retail store, restaurant, and office space available for lease.
    Where is this retail space located?
    The property is located at N Main St Mitchell, SD.
    What are key features of this property?
    This property features: - High-traffic retail location in a prominent commercial area.; - Large paved parking lot (10,737sqft) for ample customer parking.; - Primary building: 7,840sqft retail space (built in 1992).
    (605) 999-4240
    Request Owner's contact information
    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
    N Main St Mitchell, SD 57301
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