Retail Land with Demolition
For Sale
Contact for pricing
307 South 5th Street, Milbank, SD 57252
Commercial lot with substantial Highway 12 frontage, suitable for one or more businesses after building removal.
Property SizeContact for details
Days on Market58
Property Features for 307 South 5th Street
General Information
Standard status
Active
Property subtype
Retail, Mixed Use, Land
Zoning
Mixed Use
Investment Type
Redevelopment
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
203 Realty
Listed By:
Brandon Peery · License #SD 20363
Source:
Crexi
Added: Jun 15
Changed: Aug 8
Last Checked: Aug 11 at 5:15AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
Milbank #2
Shops & Services
10,264 visits/mo
0.3 miles
Taco John's
Dining
4,709 visits/mo
0.5 miles
Pizza Ranch
Dining
2,593 visits/mo
0.2 miles
First Interstate Bank
Shops & Services
1,164 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
962 visits/mo
0.4 miles
Demographics for 57252, SD
5,020
Population
2,171
Households
2.3
Avg Household Size
44
Median Age
31%
College-Educated
93%
High-School Grad
164.9 sq mi
ZIP Area
30
Density / Sq Mi
$69,900
Median Household Income
$35,502
Median Earnings
$525
Median Rent
$184,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
