Building Details

Floors in Building 2

Number of units 3

Listing Agency: Keller Williams Realty Sioux Falls k***@kw.com Show Phone

Listed By: Larry Luetke · License #12096 Show Phone

Added: Oct 5 Last Checked: Oct 5 at 3:06PM

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MLS# 22607646

Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The 2,928-square-foot mixed-use property sits on a 0.1343-acre lot and has General Commercial zoning. Its upper level contains two apartments, each with two bedrooms, one bathroom, and a separate exterior entrance. Both apartments are currently leased. Central air is listed as a building feature.

Part of the ground floor is occupied by a massage therapy business; the balance is commercial space available for another occupant. The property is at 210 W Main St in Canistota, South Dakota. Parking is listed as offsite.

Key Highlights

• 2,928‑square‑foot mixed‑use property on 0.1343 acres
• Two upper‑level apartments, each with 2 bedrooms and 1 bathroom
• Separate exterior entrance for each apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,443

Cap Rate

8.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$468,860 $468.9K

Cap Rate 7%

$334,900 $334.9K

Cap Rate 9%

$260,478 $260.5K

Market Conditions

NOI Build-Up for 2,928 SF

Gross rent

$47.4K $16.20/SF

− Vacancy

−$4.8K −$1.64/SF

EGI

$42.6K $14.56/SF

− OpEx

−$19.2K −$6.55/SF

NOI

$23.4K $8.01/SF

Area

McCook County, SD

Vacancy

10.14%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$468,860

Cap Rate 7%

$334,900

Cap Rate 9%

$260,478

Alternative Uses

Best Use

Mixed Use

$508.2K

$444.7K – $592.9K (±1% cap)

NOI $35,575 @ 7.0% cap · market cap 13.18%

Second Best

Apartment 5plus

$334.9K

$293.0K – $390.7K (±1% cap)

NOI $23,443 @ 7.0% cap · market cap 8.69%

Theoretical Best

Office A

$795.1K

$695.7K – $927.6K (±1% cap)

NOI $55,655 @ 7.0% cap · market cap 20.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Canistota Clipper Publishing House The Shopping Guide Marketing & Advertising

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Catering Service Cafe & Coffee Shop Veterinary Clinic

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

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

83

Businesses Nearby

Explore this area Business Placement

Demographics for 57012, SD

1,217

Population

507

Households

2.4

Avg Household Size

43

Median Age

31%

College-Educated

94%

High-School Grad

83.4 sq mi

ZIP Area

15

Density / Sq Mi

$84,196

Median Household Income

$51,468

Median Earnings

$960

Median Rent

$163,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two upper-floor apartments are leased, while commercial space remains available on the ground level.

Where is this mixed-use property located?

The property is located at 210 W Main St Canistota, SD.

What is the asking price?

The asking price for this property is $269,900.

What are key features of this property?

This property features: 2,928‑square‑foot mixed‑use property on 0.1343 acres; Two upper‑level apartments, each with 2 bedrooms and 1 bathroom; Separate exterior entrance for each apartment