Two-Building Retail
308 SW 6th Avenue Aberdeen, SD 57401
308 SW 6th Avenue, Aberdeen, SD, 57401
$199,900
For Sale
$199,900
COMMERCIAL - Aberdeen, SD
Property Size2,300 SF
Price / SF$86.91
Days on Market23
Property Features for 308 SW 6th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,300 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LT 3 (AND) LT 4 KELLEYS RPL LT 4-5 & 9-11 BK 34 SD 1ST ADD & LT 4-5 & 9- 11 BK 34 2ND ADD
- Tax Annual Amount
- 2300
Building Details
- Year built
- 1923
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: Jun 25 Checked: Jul 17 at 7:06 pm
MLS# 25-910
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 offering includes two retail buildings sold together: 308 and 312 SW 6th Avenue. The property is presented as a storefront configuration suitable for a single business operation or retail-oriented setup within two structures.
The buildings benefit from Sixth Avenue frontage, providing visibility from the front. Parking is accessible around the back, which supports convenient customer or tenant access without requiring front-door circulation for every arrival.
For buyers seeking a retail property with flexible use across two buildings, the combined sale format can simplify planning for tenant requirements and day-to-day operations. The straightforward storefront nature and shared acquisition of both addresses make it practical for an owner-operator or investor pursuing a retail-centered asset.
The buildings benefit from Sixth Avenue frontage, providing visibility from the front. Parking is accessible around the back, which supports convenient customer or tenant access without requiring front-door circulation for every arrival.
For buyers seeking a retail property with flexible use across two buildings, the combined sale format can simplify planning for tenant requirements and day-to-day operations. The straightforward storefront nature and shared acquisition of both addresses make it practical for an owner-operator or investor pursuing a retail-centered asset.
Key Highlights
- Two buildings sold together at 308 and 312
- 1923 year built
- Sixth Avenue frontage
Local Financial Insights For Retail
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 | $27.6k | $12.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $25.4k | $11.03 |
| − OpEx | −$7.6k | −$3.31 |
| NOI | $17.8k | $7.72 |
2,300 SF · lease $12.00/SF/yr · vacancy 8.11% · expense 30.00%
Alternative Uses
Best Use
Retail
$253.6K
$221.9K – $295.9K
NOI $17,753 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$401.6K
$351.4K – $468.5K
NOI $28,111 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Aberdeen Soccer Association
Sports School
Similar For Sale Nearby
Similar Off Market Nearby
- Rustic Roots Florals — 224 1st Ave SE #2, Aberdeen, SD 57401
- Annette's Floral Boutique — 122 N Main St, Aberdeen, SD 57401
FAQs
What type of property is this?
Storefront property - Two connected storefront buildings with rear parking access along SW 6th Avenue, sold together for one business use.
Where is this storefront property located?
The property is located at 308 SW 6th Avenue Aberdeen, SD.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two buildings sold together at 308 and 312; 1923 year built; Sixth Avenue frontage
