506 W Industrial Rd, Canton, SD 57013

Building Details

Tenancy Multi More

Listing Agency: Vantis Commercial Show Phone

Listed By: Amy Ibis · License SD #12881 Show Phone

Source: Moodyscre

Added: Jun 1 Changed: Oct 26 Last Checked: Nov 12 at 6:45AM

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Investment Insights

Based on property information with market context.

This property is a single building configured as four separate industrial flex units. Each unit includes a 30' x 50' shop area with an 8' x 12' office and a 6' x 8' bathroom, along with storage above the office. Building features also include a 16' side wall height, 12' x 14' garage doors, a floor drain in the shop, and natural gas heat.

Two of the units are currently leased. Tenants are responsible for electricity and heat, and they pay a pro-rata share of water/sewer.

There is also an option to construct additional buildings on-site, with the potential to add up to 19,200 SF of space.

Key Highlights

• 4‑unit flex building with each unit offering 30' x 50' shop space
• Each unit includes an 8' x 12' office and 6' x 8' bathroom
• 12' x 14' garage door per unit plus 16' side wall height

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Innovation Storage Condos Storage Facility

Suggested Use

Top Pick Building Supply Cafe & Coffee Shop Daycare Center Pet Store Pet Store & Service Big Box & Wholesale Store

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

16 ft

Clear height

50%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

34

Businesses Nearby

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Four flex units each feature a shop with an office, bathroom, and 12' x 14' garage door.

Where is this flex space located?

The property is located at 506 W Industrial Rd Canton, SD.

What is the asking price?

The asking price for this property is $985,000.

What are key features of this property?

This property features: 4‑unit flex building with each unit offering 30' x 50' shop space; Each unit includes an 8' x 12' office and 6' x 8' bathroom; 12' x 14' garage door per unit plus 16' side wall height