Tenant-Occupied Mixed-Use
For Sale
$210,000
1124 S Washington St, Aberdeen, SD 57401
Commercial and residential property with off-street parking and an existing business tenant.
Property Size2,163 SF
Price / SF$97.09
Days on Market34
Property Features for 1124 S Washington St
General Information
Standard status
Active
Size
2,163 SF
Building Details
Year Built
1905
Listing Agency:
eXp Realty
Listed By:
Joni Napton
(605) 725-2228
Source:
Firstpremierrealestate
Added: Sep 2
Changed: Sep 8
Last Checked: Oct 4 at 12:37PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial and residential components within a 2,163-square-foot building constructed in 1905. The property is currently occupied by a business tenant and generates income, providing an established operating setup for a new owner.
The site includes off-street parking and is positioned for customer access. Its existing configuration supports continued food-service use, while the property may also accommodate other business applications described in the current offering.
The site includes off-street parking and is positioned for customer access. Its existing configuration supports continued food-service use, while the property may also accommodate other business applications described in the current offering.
Key Highlights
- 2,163‑square‑foot mixed‑use property
- Commercial and residential components
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,953
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,060
$339.1K
Cap Rate 7%
$242,186
$242.2K
Cap Rate 9%
$188,367
$188.4K
Market Conditions
NOI Build-Up for 2,163 SF
Gross rent
$28.6K $13.20/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$27.1K $12.54/SF
− OpEx
−$10.2K −$4.70/SF
NOI
$17.0K $7.84/SF
Area
Brown County, SD
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,060
Cap Rate 7%
$242,186
Cap Rate 9%
$188,367
Alternative Uses
Best Use
Specialty Retail
$334.8K
$292.9K – $390.6K
NOI $23,433 @ 7.0% cap · market cap 11.16%
Second Best
Mixed Use
$242.2K
$211.9K – $282.6K
NOI $16,953 @ 7.0% cap · market cap 8.07%
Theoretical Best
Healthcare Medical
$377.7K
$330.5K – $440.6K
NOI $26,436 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential property with off-street parking and an existing business tenant.
Where is this mixed-use property located?
The property is located at 1124 S Washington St Aberdeen, SD.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 2,163‑square‑foot mixed‑use property; Commercial and residential components; Built in 1905
