Office Building Near High-Traffic
For Sale
Contact for pricing
419 S Roosevelt St, Aberdeen, SD 57401
Flexible configuration allows occupancy of the entire building or a partial office area.
Property Size3,000 SF
Price / SF$0.00
Days on Market95
Property Features for 419 S Roosevelt St
General Information
Standard status
Active
Size
3,000 SF
Building Details
Year Built
1950
Listing Agency:
MICKELSON-REALTORS(r), INC
Listed By:
Scott A Isaak
(605) 229-5252
Source:
Firstpremierrealestate
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 30 at 3:52PM
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 MICKELSON-REALTORS(r), INC
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Investment Insights
Based on property information with market context.
This 3,000-square-foot office building was constructed in 1950 and offers flexibility for occupancy as a whole building or as a partial office configuration. The owner has indicated a willingness to make improvements, including new siding, flooring, and parking lot repairs, with an acceptable lease.
Located at 419 S Roosevelt St in Aberdeen, the property is positioned on a high-traffic street just off 6th Ave. The office building provides a practical commercial setting with potential for a range of office users seeking a visible Aberdeen location.
Located at 419 S Roosevelt St in Aberdeen, the property is positioned on a high-traffic street just off 6th Ave. The office building provides a practical commercial setting with potential for a range of office users seeking a visible Aberdeen location.
Key Highlights
- 3,000‑square‑foot office building constructed in 1950
- Entire‑building or partial‑office occupancy options
- High‑traffic location on Roosevelt St just off 6th Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,000
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,000
$540.0K
Cap Rate 7%
$385,714
$385.7K
Cap Rate 9%
$300,000
$300.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$45.0K $15.00/SF
− Vacancy
−$9.0K −$3.00/SF
EGI
$36.0K $12.00/SF
− OpEx
−$9.0K −$3.00/SF
NOI
$27.0K $9.00/SF
Area
Brown County, SD
Vacancy
20.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,000
Cap Rate 7%
$385,714
Cap Rate 9%
$300,000
Alternative Uses
Best Use
Office B
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 192,857.14%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$523.8K
$458.3K – $611.1K
NOI $36,666 @ 7.0% cap · market cap 261,900.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Flexible configuration allows occupancy of the entire building or a partial office area.
Where is this office building located?
The property is located at 419 S Roosevelt St Aberdeen, SD.
What are key features of this property?
This property features: 3,000‑square‑foot office building constructed in 1950; Entire‑building or partial‑office occupancy options; High‑traffic location on Roosevelt St just off 6th Ave
