Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24605 Klein Ave Dell Rapids, SD 57022

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,099,000

    Commercial property featuring an auto body shop and pole barn.

    Property size:
    4,500 SF
    Added:
    Jan 27, 2026
    Days on Market:
    68
    Last Refresh:
    Jan 31 at 8:33 pm

    Property Features for 24605 Klein Ave

    General Information

    Standard status
    Active
    Size
    4,500 SF

    Building Details

    Year Built
    1992

    We can help!

    Listing Contact
    Marcus Mahlen, CCIM, SIOR

    Listing agent Marcus Mahlen, CCIM, SIOR

    Listing office NAI | Sioux Falls

    Listing date Jan 27, 2026

    Source Siouxfallscommercial

    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 NAI | Sioux Falls

    Overview

    Auto Body Shop with Pole Barn

    This commercial property features an auto body shop and an adjacent pole barn. The auto body shop, constructed with wood framing, spans 4,500 square feet (60' x 75'). It includes two 12-foot overhead doors, an office/reception area, restrooms, and radiant heat. The property also features two concrete parking pads and 6,630 square feet of asphalt parking, along with an additional shed and lean-to. The pole barn measures 5,940 square feet (66' x 90') and has a dirt floor. It is not insulated and lacks heating, water, and plumbing. The property is zoned commercial and is located off I-29 at the Dell Rapids Exit, making it suitable for various business uses.
    Location Intelligence

    Current Use by Public Records

    Interstate Collision & Glass Auto Repair Shop

    Suggested Use

    Kitchen & Bath Showroom Furniture & Home Goods Auto Repair Shop Veterinary Clinic

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

    Similar Places Nearby

    • Interstate Collision & Glass — 24605 Klein Ave, Dell Rapids, SD 57022
    • Billion Chevrolet of Dell Rapids — 24609 Klein Ave, Dell Rapids, SD 57022
    • Fieber Van's Implement & Dells Diesel Service — 47176 Industrial St, Dell Rapids, SD 57022

    Location Insight

    • Map
    • Local Demand
    City
    Dell Rapids
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7768
    Latitude
    43.8185

    Nearby Similar for Sale

    • $400,000
      4,480 SF

      Large Shop Space in Dell Rapids

      Spacious shop with overhead doors and potential for various uses.
      24630 475th Ave, Dell Rapids, SD 57022
      View Details
    • $85,000

      Established Business Opportunity in Dell Rapids

      Turnkey business with equipment, rights, and supplier connections included.
      409 Hwy 77 N, Dell Rapids, SD 57022
      View Details
    • $142,500
      2,400 SF

      Dell Rapids Commercial Lot

      Commercial lot with a vintage gas station in Dell Rapids.
      211 E 3rd St, Dell Rapids, SD 57022
      View Details
    • $45,000

      Storage Building in Dell Rapids

      20x100 storage building with overhead doors on 0.2952 acres.
      407 S Orleans Ave, Dell Rapids, SD 57022
      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial property featuring an auto body shop and pole barn.
    Where is this auto shop located?
    The property is located at 24605 Klein Ave Dell Rapids, SD.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: Two buildings included: **a 4,500 SF auto body shop** and a 5,940 SF pole barn.; Auto body shop features radiant heat, office/reception area, and restrooms.; **Excellent location off I‑29/Dell Rapids Exit.**
    (605) 228-9744
    We can help!
    Listing Contact
    Marcus Mahlen, CCIM, SIOR
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!