Two-Building Warehouse
For Sale
$829,000
2821 8th Avenue, Aberdeen, SD 57401
Commercial, Aberdeen, SD
Property Size10,700 SF
Lot Size2.60 Acres
Price / SF$77.48
Days on Market47
Property Features for 2821 8th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Aberdeen - City
Standard status
Active
Size
10,700 SF
Lot size
2.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 4 Nordstrom-Pierson ADD SW8-123-63 (Nordstrom 1st SD Cutler OL)
Tax Annual Amount
7565
Legal Description
LT 4 Nordstrom-Pierson ADD SW8-123-63 (Nordstrom 1st SD Cutler OL)
Building Details
Year built
1978
Listing Agency:
Dakota Plains Real Estate & Development
(605) 225-1800
Listed By:
Sterling Jones
(605) 225-1822
Added: Aug 21
Changed: Oct 5
Last Checked: Oct 6 at 6:06AM
MLS# 26-582
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 warehouse property includes two buildings totaling 10,700 square feet on 2.6 acres. The storage-shop building contains five bays across two double shops and one single shop, with a bathroom. All five bays are leased, and tenants pay their own electric service.
The main building is vacant and includes office areas and a bathroom, providing additional warehouse and commercial space. Both buildings have boiler-based in-floor heat, while the far north storage room in the main building is not heated. Built in 1978, the property is located at 2821 8th Avenue in Aberdeen, South Dakota.
The main building is vacant and includes office areas and a bathroom, providing additional warehouse and commercial space. Both buildings have boiler-based in-floor heat, while the far north storage room in the main building is not heated. Built in 1978, the property is located at 2821 8th Avenue in Aberdeen, South Dakota.
Key Highlights
- Two buildings totaling 10,700 square feet on 2.6 acres
- Five‑bay storage‑shop component with all bays leased
- Main building is vacant and includes offices and a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,468
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,360
$589.4K
Cap Rate 7%
$420,971
$421.0K
Cap Rate 9%
$327,422
$327.4K
Market Conditions
NOI Build-Up for 10,700 SF
Gross rent
$34.7K $3.24/SF
− Vacancy
$0 $0.00/SF
EGI
$34.7K $3.24/SF
− OpEx
−$5.2K −$0.49/SF
NOI
$29.5K $2.75/SF
Area
Brown County, SD
Vacancy
0.00%
Lease Rate
$3.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,360
Cap Rate 7%
$420,971
Cap Rate 9%
$327,422
Alternative Uses
Best Use
Flex RnD
$1.18M
$1.03M – $1.38M
NOI $82,625 @ 7.0% cap · market cap 9.97%
Second Best
Warehouse
$421.0K
$368.4K – $491.1K
NOI $29,468 @ 7.0% cap · market cap 3.55%
Theoretical Best
Healthcare Medical
$1.87M
$1.63M – $2.18M
NOI $130,775 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 57401, SD
32,275
Population
15,016
Households
2.1
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
278.8 sq mi
ZIP Area
116
Density / Sq Mi
$68,183
Median Household Income
$40,562
Median Earnings
$787
Median Rent
$216,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- A B Self Storage — 101 N Roosevelt St, Aberdeen, SD 57401
- Jobbers Moving & Storage — 315 Brown County, 19th St N, Aberdeen, SD 57401
Frequently Asked Questions
What type of property is this?
Warehouse - Includes leased storage shops, a vacant main building, offices, bathrooms, and in-floor boiler heat.
Where is this warehouse located?
The property is located at 2821 8th Avenue Aberdeen, SD.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Two buildings totaling 10,700 square feet on 2.6 acres; Five‑bay storage‑shop component with all bays leased; Main building is vacant and includes offices and a bathroom
