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Owner-User Office with Rental Income
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320 S 1st St, Aberdeen, SD 57401

Office space in the downtown business district, with surplus land available for redevelopment and additional rental income potential.

Property Size420 SF
Days on Market360

Property Features for 320 S 1st St

General Information

Standard status Active
Size 420 SF
Property subtype OFFICE
Listing Agency: Vantis Commercial
Listed By: Scott Ginkel · License #12881
Source: Moodyscre
Added: Aug 7, 2025 Changed: Jul 28 Last Checked: Aug 1 at 4:34AM

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 Vantis Commercial

Investment Insights

Based on property information with market context.

This for-rent office space offers an owner-user option along with the ability to generate additional rental income. The property includes surplus land available for redevelopment, providing flexibility for future use while maintaining current income potential.

Located at 320 S 1st St in Aberdeen’s downtown business district, the property is positioned for tenants seeking a central commercial setting within the existing downtown core.

The offering comprises office space totaling 420 square feet, suitable for an office user looking for a downtown address and redevelopment opportunity on-site.

Key Highlights

  • Office space located in the downtown business district
  • Surplus land available for redevelopment
  • Potential for additional rental income

Property Analytics

Current Use

U.S. Bank-Mortgage Loan ... Bank Senator John Thune Government Office U.S. Bancorp Investments ... Financial Advisor US Bank Mortgage Loan Service U.S. Bank Branch Bank

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Wine and Liquor Store Pet Store Garden Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,109
Businesses Nearby

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

Market

Lease Benchmarks for Aberdeen, SD

$14.9 /SF/Yr
Avg Asking Price
$4.71–$19.63 /SF/Yr
Price Range
1,965 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space in the downtown business district, with surplus land available for redevelopment and additional rental income potential.
Where is this office units located?
The property is located at 320 S 1st St Aberdeen, SD.
What are key features of this property?
This property features: Office space located in the downtown business district; Surplus land available for redevelopment; Potential for additional rental income
(605) 215-0940 Call to check price and availability
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