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Downtown Office Building Opportunity
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320 S 1st St, Aberdeen, SD 57401

Office building in the downtown business district with surplus land for redevelopment and rental income potential.

Property Size17,813 SF
Price / SF$89.82
Days on Market501

Property Features for 320 S 1st St

General Information

Standard status Active
Size 17,813 SF
Property subtype OFFICE
Listing Agency: Vantis Commercial
Listed By: Scott Ginkel · License #12881
Source: Moodyscre
Added: Mar 19, 2025 Changed: Jul 29 Last Checked: Jul 31 at 6:27AM

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 office building offers an owner/user opportunity in a downtown business district. The property includes surplus land available for redevelopment, providing flexibility for future site planning.

The listing also notes the ability to generate additional rental income, making it suitable for buyers seeking both occupancy and income from existing space.

For-sale as a commercial office property with redevelopment land, this is positioned as a combined-use option for tenants and investors looking to control a downtown asset.

Key Highlights

  • Office building in the downtown business district
  • Surplus of land available for redevelopment
  • Additional rental income potential for an owner‑user

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.

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building in the downtown business district with surplus land for redevelopment and rental income potential.
Where is this office building located?
The property is located at 320 S 1st St Aberdeen, SD.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Office building in the downtown business district; Surplus of land available for redevelopment; Additional rental income potential for an owner‑user
(605) 215-0940 Call to check price and availability
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