307 South 5th Street, Milbank, SD 57252

Listing agent Brandon Peery License #SD 20363

Listing office 203 Realty

Listing date Jun 15, 2026

Source Crexi

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 203 Realty

Report an issue

---

Overview

The property is a commercial land parcel with 300 feet of frontage along HWY 12. A building currently exists on the site and will need to come down, making this an assemble-and-build opportunity for an operator or developer looking to start with a clean slate.

Located at 307 South 5th Street in Milbank, South Dakota, the site benefits from direct exposure to HWY 12 and sits in the heart of town. The combination of highway frontage and a central setting provides a straightforward platform for businesses that rely on drive-by visibility.

This offering is best suited for buyers planning a new retail or service concept on a highly visible corridor. Because the existing structure requires demolition, prospective tenants and developers should plan for site work and new construction to match their program and design needs.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

• Map
• Local Demand

City

Milbank

County

Grant

State

South Dakota

Longitude

-96.631067

Latitude

45.2195011

Nearby Similar for Sale

• 

  $750,000

  93 Acres Vacant Land Opportunity

  93 acres of mixed-use farmland near Milbank and Big Stone.

  TBD 483rd Ave, Milbank, SD 57252

  View Details
• 

  $400,000

  13,590 SF

  Stabilized Self-Storage Facility in Milbank

  Self-storage facility with 78 units and income potential.

  204 US-12, Milbank, SD 57252

  View Details
• 

  $37,500

  Vacant Land in Milbank, SD

  Vacant land available in Milbank's newest development.

  Lots- Hunt Second Addition, Milbank, SD 57252

  View Details
• 

  $39,500

  Vacant Land in Milbank, SD

  Vacant land available in Milbank's newest development.

  Lots- Hunt Second Addition, Milbank, SD 57252

  View Details

FAQs

What type of property is this?

Commercial land - Commercial lot with substantial Highway 12 frontage, suitable for one or more businesses after building removal.

Where is this commercial land located?

The property is located at 307 South 5th Street Milbank, SD.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 300 feet of Highway 12 frontage in Milbank, SD; Commercial lot suitable for one or more businesses; Existing building on the property will need to be removed