Office Building with Open
For Sale
$275,000
502 Ne 2nd St, Madison, SD 57042
Adaptable professional workspace with natural light, positioned along a heavily traveled roadway near downtown and Dakota State University.
Property Size2,298 SF
Price / SF$119.67
Days on Market262
Property Features for 502 Ne 2nd St
General Information
Standard status
Active
Size
2,298 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1951
Listing Agency:
Signature Realty Group LLC
(605) 480-8003
Listed By:
Brad Benson
Source:
Siouxfallsareahomesearch
Added: Dec 11, 2025
Changed: Aug 29
Last Checked: Aug 29 at 10:28AM
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 Signature Realty Group LLC
Investment Insights
Based on property information with market context.
This 2,298-square-foot office building, constructed in 1951, features an open interior that can accommodate collaborative work areas, private offices, or a reception-focused configuration. Large windows bring natural light into the workspace and support a welcoming setting for occupants and visitors.
The property fronts a roadway with a DOT-established traffic count of 5,070 cars per day. It is located just blocks from downtown Madison and Dakota State University, providing convenient proximity to both destinations. The flexible floor plan and existing office character offer a practical base for a range of professional operations.
The property fronts a roadway with a DOT-established traffic count of 5,070 cars per day. It is located just blocks from downtown Madison and Dakota State University, providing convenient proximity to both destinations. The flexible floor plan and existing office character offer a practical base for a range of professional operations.
Key Highlights
- 2,298 square feet of office space
- Open floor plan suited to varied professional configurations
- Large windows provide abundant natural light
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 57042, SD
8,131
Population
3,768
Households
2.2
Avg Household Size
37
Median Age
37%
College-Educated
94%
High-School Grad
193.2 sq mi
ZIP Area
42
Density / Sq Mi
$68,672
Median Household Income
$37,067
Median Earnings
$877
Median Rent
$218,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Adaptable professional workspace with natural light, positioned along a heavily traveled roadway near downtown and Dakota State University.
Where is this office building located?
The property is located at 502 Ne 2nd St Madison, SD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,298 square feet of office space; Open floor plan suited to varied professional configurations; Large windows provide abundant natural light
