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    316 N Main St Mitchell, SD 57301

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    For Lease
    $1,800 /Mo ($6 SF/Yr)

    Turn-key retail space in prime Mitchell location.

    Property size:
    3,522 SF
    Lot size:
    0.08 Acres

    Property Features for 316 N Main St

    General Information

    Size
    3,522 SF
    Lot size
    0.08 Acres

    Source: Janklow Eliason Real Estate Agent Brian Eliason

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

    Overview

    Main Street Retail Opportunity

    Located on Main Street in Mitchell, this commercial property offers 1706 square feet of space suitable for various business ventures. The property has been renovated and features an open office or floor space, a kitchenette, and storage space for inventory or supplies. Its location benefits from proximity to retail shops, coffee shops, and foot traffic.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Collective Event Venue Salt and Light Group Certified Public Accountant Haven & Bloom Women'S Clothing Store

    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
    -98.0254893
    Latitude
    43.7116702

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    FAQs

    What type of property is this?
    Retail space - Turn-key retail space in prime Mitchell location.
    Where is this retail space located?
    The property is located at 316 N Main St Mitchell, SD.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Main Street.; - Turn-key property ready for immediate business use.; - High foot traffic area.
    (605) 999-4240
    Request Owner's contact information
    316 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
    316 N Main St Mitchell, SD 57301
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