Building Details

Building Size 6,912 SF

Year Built 1979

Listing Agency: NAI | Sioux Falls m***@naisiouxfalls.com Show Phone

Listed By: Marcus Benson · License #21232 Show Phone

Source: Naiglobal

Added: Feb 26 Changed: Aug 12 Last Checked: Aug 19 at 5:22AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI | Sioux Falls

Investment Insights

Based on property information with market context.

This apartment building contains seven 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Fifty percent of the units and common areas have been renovated. Tenants are responsible for electric utilities, while the landlord covers all other utilities. The property features electric baseboard heat and a water heater, as well as a common area washer and dryer. The property can be purchased as a package deal with Fox Run Apartments, located at 1313 West 30th Street, Yankton, SD 57078.

Key Highlights

• Renovated Units and Common Areas: 50% of units and common areas have been renovated, offering modern appeal.
• Package Deal Opportunity: Can be purchased with Fox Run Apartments.
• Tenant‑Paid Electric: Tenants cover electric costs.

Property Analytics

Property Profile

Current Use

Scotland Apartments Apartment Building Hospital Heliport Heliport

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Dental Office Big Box & Wholesale Store Storage Facility Grocery & Convenience Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

123

Businesses Nearby

Explore this area Business Placement

Demographics for 57059, SD

1,569

Population

616

Households

2.5

Avg Household Size

39

Median Age

31%

College-Educated

94%

High-School Grad

148.8 sq mi

ZIP Area

11

Density / Sq Mi

$61,406

Median Household Income

$39,271

Median Earnings

$581

Median Rent

$132,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment building with renovated units and common areas for sale.

Where is this apartment building located?

The property is located at 821 Main Street Scotland, SD.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Renovated Units and Common Areas: 50% of units and common areas have been renovated, offering modern appeal.; Package Deal Opportunity: Can be purchased with Fox Run Apartments.; Tenant‑Paid Electric: Tenants cover electric costs.