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Mixed-Use Building with Apartment
For Sale
$109,900

524 N Main Ave, Garretson, SD 57030

Two-level property combines a leased hair salon with a remodeled residential unit.

Property Size1,414 SF
Price / SF$77.72
Days on Market112

Property Features for 524 N Main Ave

General Information

Standard status Active
Size 1,414 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR/1BA
Multifamily Units 1

Building Details

Year Built 1880
Stories 2
Tenancy Multi
Listing Agency: Keller Williams Realty Sioux Falls
Listed By: David Mettler · License #11873
Source: Siouxfallsareahomesearch
Added: May 27 Changed: Sep 15 Last Checked: Sep 15 at 2:51PM

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 Keller Williams Realty Sioux Falls

Investment Insights

Based on property information with market context.

Built in 1880, this mixed-use property places a commercial hair salon on the lower level and a residential apartment above. The apartment has two bedrooms and one bathroom and has been fully remodeled, creating a distinct separation between the commercial and residential components.

The salon is leased through 2029. The upper-level apartment is subject to a new one-year lease, providing separate lease terms for the two portions of the building. The property is located at 524 N Main Ave in Garretson, South Dakota.

Key Highlights

  • Lower‑level commercial unit occupied by a hair salon
  • Salon lease signed through 2029
  • Fully remodeled upper‑level apartment

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Building Supply Real Estate Agency Plumbing Service Locksmith Pharmacy Hair Salon

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

1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

131
Businesses Nearby

Demographics for 57030, SD

3,042
Population
1,155
Households
2.6
Avg Household Size
39
Median Age
29%
College-Educated
96%
High-School Grad
132.8 sq mi
ZIP Area
23
Density / Sq Mi
$83,932
Median Household Income
$49,086
Median Earnings
$731
Median Rent
$278,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines a leased hair salon with a remodeled residential unit.
Where is this mixed-use property located?
The property is located at 524 N Main Ave Garretson, SD.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Lower‑level commercial unit occupied by a hair salon; Salon lease signed through 2029; Fully remodeled upper‑level apartment
More about this property
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