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Flex-Use Industrial Building
For Sale
$515,000

1 S 3rd St, Aberdeen, SD 57401

Flex-use industrial property with heated and cold storage, multiple offices, and two loading docks.

Property Size27,220 SF
Price / SF$18.92
Days on Market13

Property Features for 1 S 3rd St

General Information

Standard status Active
Size 27,220 SF

Additional Details

Dock-High Doors 2

Building Details

Year Built 1928
Listing Agency: Dakota Plains Real Estate & Development
Listed By: Robin (Rob) K Johnson · License #15391
Source: Firstpremierrealestate
Added: Jul 21 Changed: Jul 22 Last Checked: Aug 1 at 8:49AM

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 Dakota Plains Real Estate & Development

Investment Insights

Based on property information with market context.

This large flex-use industrial building includes both heated and cold storage along with multiple office spaces. The property has a combination of loading features with two loading docks and several overhead doors, plus three furnaces. New flooring is being installed in the office and showroom areas. The space can be divided into four sections.

The building is an older industrial structure and includes asbestos that the former owner reports is over-clad (covered and sealed) and is non-friable (bonded). The owner also states it is solid and cannot be crumbled like friable asbestos. Prospective visitors should plan for a minimum of four hours’ notice during weekdays and business hours only.

Originally associated with Grote Roofing & Grote Sheetmetal, the property offers a mix of storage and interior work spaces suitable for tenants seeking a flexible industrial layout.

Key Highlights

  • Flex‑use industrial property built in 1928 with heated and cold storage areas
  • Multiple offices plus office and showroom spaces with new flooring
  • Two loading docks and several overhead doors for loading and access

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Parking Lot & Garage Building Supply Garden Center Food Market

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

Lease Details

2
Dock-high doors

Location Intelligence

Trade Area within ½ mile

813
Businesses Nearby
Under-served
Demand for This Use

Demographics for 57401, SD

32,275
Population
15,016
Households
2.1
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
278.8 sq mi
ZIP Area
116
Density / Sq Mi
$68,183
Median Household Income
$40,562
Median Earnings
$787
Median Rent
$216,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

  • Aberdeen Catering Company — 719 N Main St, Aberdeen, SD 57401
  • Fabricia Cooks — 515 N 1st St, Aberdeen, SD 57401
  • Canterbury Deli & Catering — 412 S Main St, Aberdeen, SD 57401

Frequently Asked Questions

What type of property is this?
Flex space - Flex-use industrial property with heated and cold storage, multiple offices, and two loading docks.
Where is this flex space located?
The property is located at 1 S 3rd St Aberdeen, SD.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Flex‑use industrial property built in 1928 with heated and cold storage areas; Multiple offices plus office and showroom spaces with new flooring; Two loading docks and several overhead doors for loading and access
More about this property
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