Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 85 Commercial Building Title is generated by Realmo AI

    1401 Mill Street, Belle Fourche, SD 57717

    View on Map
    Claim this Listing
    For Sale
    $439,000

    CI Land w/Building - Belle Fourche, SD

    Property size:
    1,650 SF
    Lot size:
    0.63 Acres
    Price / SF:
    $266/SF
    Added:
    Feb 23, 2026
    Days on Market:
    85
    Last Refresh:
    May 19 at 7:06 pm

    Property Features for 1401 Mill Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Paved or Surfaced
    Interior features
    Restaurant
    Standard status
    Active
    Size
    1,650 SF
    Lot size
    0.63 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1985
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Rick Tysdal
    Rick Tysdal

    Listing agent Rick Tysdal

    Listing office Century 21 Spearfish Realty 123 E. Jackson Blvd Suite 3, Spearfish, SD

    Listing date Feb 23, 2026

    MLS# 87559 Listing URL

    Copyright © 2026 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location on heavily traveled Highway 85 (CanAm Highway).
    • Flexible General Commercial zoning allows for diverse business uses (retail, office, restaurant, etc.) or redevelopment.
    • Ample paved parking for customers and service vehicles.
    • Durable block and brick exterior with long‑lasting metal roof.
    • Existing infrastructure and layout suitable for quick‑service restaurant use.
    • Convenient access and corner lot location on 0.63 acres.

    Overview

    This highly visible commercial property is located just off Highway 85 in Belle Fourche. Situated on a 0.63-acre corner lot, the 1,650 square-foot, single-level building offers exposure, access, and ample paved parking. Constructed with a durable block and brick exterior and a metal roof, the building includes natural gas heat, central air, city utilities, and on-site storage including a garage and additional shed. Previously operated as a quick-service restaurant, the existing layout and infrastructure provide a foundation for food service use, while the General Commercial zoning allows for a range of possibilities including retail, office, service business, professional space, or redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Dakota Petals — 613 5th Ave Ste C, Belle Fourche, SD 57717

    Location Insight

    • Map
    • Local Demand
    City
    Belle Fourche
    County
    Butte
    State
    South Dakota
    Longitude
    -103.856377
    Latitude
    44.661659

    Nearby Similar for Sale

    • $500,000
      9,420 SF

      Iconic Belle Fourche Commercial Property

      Midcentury building with business, furniture, fixtures, and liquor license.
      512 National Street, Belle Fourche, SD 57717
      View Details
    • $500,000
      9,420 SF

      Iconic Building in Belle Fourche

      Midcentury building with business, furniture, fixtures, and liquor license.
      512 National Street, Belle Fourche, SD 57717
      View Details
    • $149,900
      2,880 SF

      Versatile Commercial Property in Belle Fourche

      Commercial property with business and residential potential in Belle Fourche.
      930 Harding Street, Belle Fourche, SD 57717
      View Details
    • $14,999,000
      2,890 SF

      Belle Fourche Ranch on Highway

      1300+ acre ranch near Spearfish with development potential.
      10881 Other, Belle Fourche, SD 57717
      View Details
    • $375,000
      7,811 SF

      Prime Commercial Building in Belle Fourche

      Spacious commercial building in downtown Belle Fourche with high visibility.
      501 State Street, Belle Fourche, SD 57717
      View Details
    • $499,000
      1,650 SF

      Highway 85 Commercial Building

      High-visibility commercial building with flexible use opportunities on Highway 85.
      1401 Mills Street, Belle Fourche, SD 57717
      View Details
    • $1,200,600
      2,180 SF

      Retail Property on 5th Avenue

      Retail property for sale with current net operating income.
      1820-1824 5th Ave, Belle Fourche, SD
      View Details

    FAQs

    What type of property is this?
    Storefront property - High-visibility building on Highway 85 with flexible use opportunities.
    Where is this storefront property located?
    The property is located at 1401 Mill Street Belle Fourche, SD.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: High‑visibility location on heavily traveled Highway 85 (CanAm Highway).; Flexible General Commercial zoning allows for diverse business uses (retail, office, restaurant, etc.) or redevelopment.; Ample paved parking for customers and service vehicles.
    (605) 641-0240
    We can help!
    Listing Contact
    Rick Tysdal
    Rick Tysdal
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1401 Mill Street, Belle Fourche, SD 57717
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!