Building Details

Year Built 1969

Listing Agency: Better Homes and Gardens Real Estate Beyond b***@inrealtygroup.com Show Phone

Listed By: Brandon Martens · License #12821

Source: Siouxfallsareahomesearch

Added: May 3 Changed: Aug 30 Last Checked: Aug 30 at 6:38AM

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Investment Insights

Based on property information with market context.

Built in 1969, this apartment property contains five residential units: four two-bedroom, one-bathroom apartments and a one-bedroom loft positioned at the rear of the building. The configuration provides a mix of standard apartments and a distinct loft-style unit within the same asset.

A coin-operated laundry area is located on site. Each unit has separate electrical service, while a newer boiler supplies building heat. The property also includes a four-stall garage that is currently left open. The building is located at 511–517 Main St Ss in Lennox, South Dakota.

Key Highlights

• Five units: four 2‑bedroom/1‑bathroom apartments plus one 1‑bedroom loft
• 4‑stall garage currently left open
• Separate electrical service for each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Law Firm Pharmacy Auto Parts 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

5

Residential units

Location Intelligence

Trade Area within ½ mile

199

Businesses Nearby

Explore this area Business Placement

Demographics for 57039, SD

3,717

Population

1,554

Households

2.4

Avg Household Size

40

Median Age

23%

College-Educated

92%

High-School Grad

91.9 sq mi

ZIP Area

40

Density / Sq Mi

$79,209

Median Household Income

$46,947

Median Earnings

$925

Median Rent

$242,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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5-Unit Apartment Building with Garage

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Frequently Asked Questions

What type of property is this?

Apartment building - Five residential units include coin-operated laundry, separate electrical service, and a newer boiler for building heat.

Where is this apartment building located?

The property is located at 511 517 Main St Ss Lennox, SD.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Five units: four 2‑bedroom/1‑bathroom apartments plus one 1‑bedroom loft; 4‑stall garage currently left open; Separate electrical service for each unit