Restaurant-Ready Commercial
24 N Main Street Aberdeen, SD 57401
24 N Main Street, Aberdeen, SD, 57401
$299,000
For Sale
$299,000
COMMERCIAL - Aberdeen, SD
Property Size6,190 SF
Price / SF$48.30
Days on Market90
Property Features for 24 N Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 6,190 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Bricks Outlot 1 & W 106.5' Clinton Outlot A Subdivision Of MSTP & SSTM Outlot 1 SW 13-123-64
- Tax Annual Amount
- 3225
Building Details
- Year built
- 1903
Listing Agency
Century 21 Northern Advantage
(605) 225-7179
1708 8th AVE NE, Aberdeen, SD
Listed by
Melanie R Bobby · License #14771
(605) 225-7179
Added: Apr 23 Updated: Jun 3 at 5:12 pm Checked: Jul 21 at 5:06 am
MLS# 26-101
Copyright © 2026 Aberdeen Board 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.
Investment Insights
Based on property information with market context.
This is an approximately 6,190 square foot commercial building designed for flexibility. The property has been set up for restaurant use in the past, with electrical wiring, numerous outlets, and a vented roof that supports commercial kitchen concepts. The seller’s remarks note that it does not include a current working commercial hood or a fire suppression system.
The building is located on well-traveled North Main Street in Aberdeen and is positioned for strong visibility. Private, paved surface parking is adjacent to the property, providing convenient access for customers and employees.
For tenants, owners, or operators, the prior restaurant infrastructure can help reduce start-up work if you plan to build out a food-service program. The layout is also described as having potential to be divided into multiple units for multi-tenant use, which may appeal to businesses looking for flexible space configurations. Buyers should plan to address the missing hood and fire suppression components as part of any restaurant or kitchen-ready buildout.
The building is located on well-traveled North Main Street in Aberdeen and is positioned for strong visibility. Private, paved surface parking is adjacent to the property, providing convenient access for customers and employees.
For tenants, owners, or operators, the prior restaurant infrastructure can help reduce start-up work if you plan to build out a food-service program. The layout is also described as having potential to be divided into multiple units for multi-tenant use, which may appeal to businesses looking for flexible space configurations. Buyers should plan to address the missing hood and fire suppression components as part of any restaurant or kitchen-ready buildout.
Key Highlights
- High‑visibility location on well‑traveled North Main Street.
- Approximately 6,190 sq ft building offering excellent exposure and flexibility.
- Potential to be divided into multiple units for rental income or multi‑tenant use.
Local Financial Insights For Industrial
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 | $20.1k | $3.24 |
| − Vacancy | $0 | $0.00 |
| EGI | $20.1k | $3.24 |
| − OpEx | −$6.0k | −$0.97 |
| NOI | $14.0k | $2.27 |
6,190 SF · lease $3.24/SF/yr · vacancy 0.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$958.0K
$838.3K – $1.12M
NOI $67,061 @ 7.0% cap · market cap 22.43%
Second Best
Office B
$795.9K
$696.4K – $928.5K
NOI $55,710 @ 7.0% cap · market cap 18.63%
Theoretical Best
Healthcare Medical
$1.08M
$945.7K – $1.26M
NOI $75,654 @ 7.0% cap · market cap 25.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mangrove Montessori School
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Flexible commercial building with vented roof, electrical wiring, and adjacent paved parking for customer access.
Where is this office units located?
The property is located at 24 N Main Street Aberdeen, SD.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: High‑visibility location on well‑traveled North Main Street.; Approximately 6,190 sq ft building offering excellent exposure and flexibility.; Potential to be divided into multiple units for rental income or multi‑tenant use.
