Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    505 N Main St Mitchell, SD 57301

    For Sale
    $99,900

    Affordable storefront location near the World's Only Corn Palace.

    Property size:
    1,990 SF
    Lot size:
    0.08 Acres

    Property Features for 505 N Main St

    General Information

    Size
    1,990 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

    Storefront Near Corn Palace

    This is an affordable storefront location situated less than a block from the World's Only Corn Palace. The property, formerly the kitchen for The Back 40, is now available as a separate parcel. It features its own individual entrance and alley access, distinct from the adjacent Back 40 property. The property has a size of 1990 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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
    -98.02564
    Latitude
    43.7135853

    Nearby Similar for Sale

    • $375,000
      20,016 SF

      Historic Main Street Retail Space

      Versatile retail and commercial space in Mitchell, South Dakota.
      412 N Main St, Mitchell, SD 57301
      View Details
    • $1,230,000
      10,400 SF

      Retail and Restaurant Opportunity

      Commercial property with retail and restaurant spaces for sale.
      900 N Main St, Mitchell, SD 57301
      View Details
    • $2,050,000
      51,600 SF

      Historic Mixed-Use Building in Mitchell

      Mixed-use property with income potential in downtown Mitchell.
      117 East 3Rd Ave, Mitchell, SD 57301
      View Details
    • $1,750,000
      11,480 SF

      New Retail NNN Ground Lease

      New construction retail property with long-term corporate ground lease.
      2306 S Mentzer St, Mitchell, SD 57301
      View Details
    • $1,300,000
      6,720 SF

      Modern Retail Building For Sale

      Modern commercial building with high traffic location and highway access.
      1601 S Ohlman St, Mitchell, SD 57301
      View Details
    • $525,000
      944 SF

      Commercial Property with Parking Lot

      Commercial property featuring office space, shop building, and parking.
      404 W 1St Ave, Mitchell, SD 57301
      View Details

    FAQs

    What type of property is this?
    Storefront property - Affordable storefront location near the World's Only Corn Palace.
    Where is this storefront property located?
    The property is located at 505 N Main St Mitchell, SD.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - Affordable storefront location.; - Less than a block from the World's Only Corn Palace!; - Individual entrance.
    (605) 999-4240
    Request Owner's contact information
    505 N Main St Mitchell, SD 57301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 N Main St
    Mitchell, SD 57301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    505 N Main St Mitchell, SD 57301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.