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    404 W 1St Ave Mitchell, SD 57301

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    For Sale
    $525,000

    Commercial property featuring office space, shop building, and parking.

    Property size:
    944 SF
    Lot size:
    0.65 Acres

    Property Features for 404 W 1St Ave

    General Information

    Size
    944 SF
    Lot size
    0.65 Acres

    Source: Janklow Eliason Real Estate Agent Brian Eliason

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

    Overview

    Commercial Property with Parking Lot

    This commercial property features 944 square feet of office space, including four offices, a restroom, and a break room. Additionally, there is an 1,800 square foot heated accessory/shop building and a large paved parking lot. The property is situated on a corner lot with a daily traffic count of 9,000. Currently used as a used car lot, the property's TWC (Transportation, Warehouse, & Commercial) zoning allows for various uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Auto Shoppe Used Car Dealer Tavo's Carpet & Flooring ... Carpet Wholesaler

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mitchell
    County
    Davison
    State
    South Dakota
    Longitude
    -98.021189
    Latitude
    43.7095689

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    FAQs

    What type of property is this?
    Parking lot & garage - Commercial property featuring office space, shop building, and parking.
    Where is this parking lot & garage located?
    The property is located at 404 W 1St Ave Mitchell, SD.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - High-traffic corner lot location with 9,000 daily traffic count.; - Flexible TWC zoning allows for diverse business uses.; - Large paved parking lot.
    (605) 999-4240
    Request Owner's contact information
    404 W 1St Ave 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
    404 W 1St Ave Mitchell, SD 57301
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