Street-Level Corner Retail
224 S MAIN ST Aberdeen, SD 57401
224 S MAIN ST, Aberdeen, SD, 57401
Contact for pricing
For Sale
Contact for pricing
Street-level corner storefront with open layout, high ceilings, and overhead loading door in a structurally updated building.
Property Size6,670 SF
Price / SF$83.94
Days on Market49
Property Features for 224 S MAIN ST
General Information
- Standard status
- Active
- Size
- 6,670 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1904
Listing agency
Dakota Plains Commercial Real Estate and Development
(605) 225-1800
Listed by
Robin Johnson · License #SD 15391
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 3:59PM Checked: Jul 17 at 12:31PM
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 Dakota Plains Commercial Real Estate and Development
Investment Insights
Based on property information with market context.
This street-level retail space is positioned on a high-visibility, stop lighted corner on Main Street, with storefront windows designed to capture passerby. The interior features an open floor plan with high ceilings and warm finishes, creating a flexible setting for a range of retail concepts. The building has undergone notable exterior work, including a reconstructed west wall and a new roof, along with an overhead door (OHD) to support loading and unloading.
In addition to the corner presence, the property offers nearby parking and is described as having consistent daily traffic, with proximity to dining, shopping, and entertainment destinations.
The layout includes approximately 3,320 square feet on the first floor, currently suited for storefront retail use. The second floor is described as offering potential for upgradable apartments and offices, which may appeal to tenants and owners looking for a mixed-use configuration within a single structurally updated building. For buyers, the combination of retail frontage, flexible interior planning, and practical loading access supports a straightforward operational fit.
In addition to the corner presence, the property offers nearby parking and is described as having consistent daily traffic, with proximity to dining, shopping, and entertainment destinations.
The layout includes approximately 3,320 square feet on the first floor, currently suited for storefront retail use. The second floor is described as offering potential for upgradable apartments and offices, which may appeal to tenants and owners looking for a mixed-use configuration within a single structurally updated building. For buyers, the combination of retail frontage, flexible interior planning, and practical loading access supports a straightforward operational fit.
Key Highlights
- 1904‑built, structurally updated DT street‑level retail building on a high‑visibility stop lighted corner on Main Street
- 3320 SF first‑floor retail space with an open floor plan and high ceilings
- Reconstructed west wall and a new roof
Local Financial Insights For 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 | $80.0k | $12.00 |
| − Vacancy | −$6.5k | −$0.97 |
| EGI | $73.5k | $11.03 |
| − OpEx | −$22.1k | −$3.31 |
| NOI | $51.5k | $7.72 |
6,670 SF · lease $12.00/SF/yr · vacancy 8.11% · expense 30.00%
Alternative Uses
Best Use
Office B
$857.6K
$750.4K – $1.00M
NOI $60,030 @ 7.0% cap · market cap 10.72%
Second Best
Retail
$735.5K
$643.6K – $858.1K
NOI $51,484 @ 7.0% cap · market cap 9.20%
Theoretical Best
Healthcare Medical
$1.16M
$1.02M – $1.36M
NOI $81,521 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Haggerty's Music Aberdeen
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Rustic Roots Florals — 224 1st Ave SE #2, Aberdeen, SD 57401
- Annette's Floral Boutique — 122 N Main St, Aberdeen, SD 57401
FAQs
What type of property is this?
Storefront property - Street-level corner storefront with open layout, high ceilings, and overhead loading door in a structurally updated building.
Where is this storefront property located?
The property is located at 224 S MAIN ST Aberdeen, SD.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: 1904‑built, structurally updated DT street‑level retail building on a high‑visibility stop lighted corner on Main Street; 3320 SF first‑floor retail space with an open floor plan and high ceilings; Reconstructed west wall and a new roof
