215 S Main Ave, Tea, SD
Equipped restaurant and retail property for sale in Tea, SD.
- Added:
- Sep 4, 2025
- Days on Market:
- 288
- Last Refresh:
- May 19 at 10:02 pm
Property Features for 215 S Main Ave
General Information
- Standard status
- Active
- Size
- 10,545 SF
- Lot size
- 0.46 Acres
- Property subtype
- RETAIL
Listing agent Scott Blount License #11915
Listing office Lloyd Companies - Corporate (605) 323-2820
Listing date Sep 4, 2025
Source Moodyscre
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 Lloyd Companies - Corporate
HighLights
- Walk‑in cooler (8x10)
- Walk‑in freezer (8x10)
- Spacious dry storeroom (24x12)
- Walk‑in beer cooler with 8 tap lines
- Double stacked Blodgett convection oven included
- Features a soft water system
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.2k | $15.00 |
| − Vacancy | −$11.1k | −$1.05 |
| EGI | $147.1k | $13.95 |
| − OpEx | −$36.8k | −$3.49 |
| NOI | $110.3k | $10.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tea
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.8365
- Latitude
- 43.4453
