Commercial Land With Existing
For Sale
$869,900
47936 US Hwy 18 Hwy, Canton, SD 57013
COMMERCIAL, Canton, SD
Property Size5,280 SF
Lot Size4.41 Acres
Price / SF$164.75
Days on Market140
Property Features for 47936 US Hwy 18 Hwy
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
No Subdivision
Directions
Hwy 18 on the west side of Canton
Standard status
Active
APN
200.50.15.200
Lot size
4.41 Acres
Taxes and HOA fees
Tax Description
LOT H-1 (EX LOTS H-2 & LOT A) & LOT B (EX LOT 3) SW1/4 15-98-49
Tax Annual Amount
4106
Legal Description
LOT H-1 (EX LOTS H-2 & LOT A) & LOT B (EX LOT 3) SW1/4 15-98-49
Utilities
Utilities
Water Available
Heating system
Radiant
Building Details
Year built
1963
Flooring type
Concrete
Building materials
Masonry
Roof type
Rubber
Listing Agency:
Keller Williams Realty Sioux Falls
(605) 275-0555
Listed By:
John Schutte
(605) 271-7724
Added: May 20
Changed: Oct 6
Last Checked: Oct 6 at 8:06AM
MLS# 22603651
Copyright © 2026 Realtor Association of the Sioux Empire MLS. 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 4.41-acre commercial land property includes an existing 88' X 60' shop building with four overhead doors. The structure was built in 1963 and features masonry construction, concrete flooring, radiant heat, and a rubber roof. Water is available to the property.
The site is positioned on the west edge of Canton at the entrance to the Canton Industrial park, with 562 feet of frontage along US Hwy 18. The intersection of Hwy 11 and Hwy 18 is approximately 1/4 mile west. The property is zoned Commercial and combines a sizable land component with an existing building and highway access.
The site is positioned on the west edge of Canton at the entrance to the Canton Industrial park, with 562 feet of frontage along US Hwy 18. The intersection of Hwy 11 and Hwy 18 is approximately 1/4 mile west. The property is zoned Commercial and combines a sizable land component with an existing building and highway access.
Key Highlights
- 4.41‑acre commercial land parcel
- 562 feet of US Hwy 18 frontage
- Existing 88' X 60' shop building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,353
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,060
$727.1K
Cap Rate 7%
$519,329
$519.3K
Cap Rate 9%
$403,922
$403.9K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$47.5K $9.00/SF
− Vacancy
−$4.8K −$0.90/SF
EGI
$42.8K $8.10/SF
− OpEx
−$6.4K −$1.21/SF
NOI
$36.4K $6.89/SF
Area
Lincoln County, SD
Vacancy
10.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,060
Cap Rate 7%
$519,329
Cap Rate 9%
$403,922
Alternative Uses
Best Use
Warehouse
$519.3K
$454.4K – $605.9K
NOI $36,353 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,051 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 57013, SD
4,482
Population
2,064
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
132.7 sq mi
ZIP Area
34
Density / Sq Mi
$77,813
Median Household Income
$43,553
Median Earnings
$704
Median Rent
$224,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial acreage with highway frontage, an existing shop building, and water available.
Where is this commercial land located?
The property is located at 47936 US Hwy 18 Hwy Canton, SD.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: 4.41‑acre commercial land parcel; 562 feet of US Hwy 18 frontage; Existing 88' X 60' shop building
