Listing Agency: Ace Realty, LLC Show Phone

Listed By: DEANNA HETLAND · License #11934 Show Phone

Source: Exitrealty

Added: Oct 25, 2024 Changed: Sep 2 Last Checked: Sep 15 at 4:59AM

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Investment Insights

Based on property information with market context.

This bare commercial land parcel at 118 E 1st Ave provides an undeveloped site for a future commercial project. The property is positioned near downtown, shopping, and a movie theater in Mitchell, South Dakota.

The site may suit a range of commercial concepts, subject to applicable approvals and development requirements. An Urban Renewal Discretionary Formula related to a 5 year tax break is also referenced for further inquiry.

Key Highlights

• Bare commercial land at 118 E 1st Ave, Mitchell, SD 57301
• Near downtown, shopping, and a movie theater
• Urban Renewal Discretionary Formula referenced for a 5 year tax break

Property Analytics

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Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency HVAC Service Restaurant Parking Lot & Garage

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

859

Businesses Nearby

Explore this area Business Placement

Demographics for 57301, SD

18,759

Population

9,148

Households

2.1

Avg Household Size

40

Median Age

25%

College-Educated

91%

High-School Grad

238.3 sq mi

ZIP Area

79

Density / Sq Mi

$60,671

Median Household Income

$39,545

Median Earnings

$775

Median Rent

$191,300

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - Bare commercial lot near downtown, shopping, and a movie theater in Mitchell.

Where is this commercial land located?

The property is located at 118 E 1st Ave Mitchell, SD.

What is the asking price?

The asking price for this property is $61,250.

What are key features of this property?

This property features: Bare commercial land at 118 E 1st Ave, Mitchell, SD 57301; Near downtown, shopping, and a movie theater; Urban Renewal Discretionary Formula referenced for a 5 year tax break