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Renovated Mixed-Use Building

537 MT RUSHMORE RD, Custer, SD 57730

For Sale
New
$649,000

COMMERCIAL, Custer, SD

Property Size2,000 SF
Lot Size0.08 Acres
Price / SF$324.50
Days on Market4

Property Features for 537 MT RUSHMORE RD

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Parking features On Street, Off Street
View City
Subdivision Custer
Standard status Active
Size 2,000 SF
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 25
Tax Annual Amount 2104

Utilities

Utilities Propane
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1890
Number of units 2
Flooring type Wood, Laminate
Building materials Brick, Concrete
Roof type Metal
Buildings 1
Listing Agency: Lewis Realty
Listed By: Faith Lewis · License SD #1045
Added: Nov 10 Changed: Nov 11 Last Checked: Nov 13 at 11:06PM
MLS# 181942

Copyright © 2026 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 2,000-square-foot mixed-use building in Custer has an upper level set up for guest lodging and a main floor with an open area, kitchen appliances, and a rec-room-style layout. Renovations include new upstairs plumbing and electrical, refinished upper-level wood floors, main-level subfloor repairs and new flooring, and new windows upstairs. The building also has a deck, central air conditioning, forced-air heat, and a metal roof.

Building systems and exterior work include a new on-demand water heater serving both levels, PVC sewer connection to the alley, upgraded power, and a painted exterior. The enclosed gravel area and parking area provide off-street parking, with additional on-street parking. The property occupies 0.08 acres and was built in 1890.

Key Highlights

  • 2,000 square feet on a 0.08‑acre parcel
  • Upper level arranged for guest lodging; main floor includes a kitchen area and rec‑room layout
  • Renovations include upstairs plumbing and electrical, refinished floors, and main‑level subfloor and flooring work

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Electrical Service Storage Facility Furniture & Home Goods Grocery & Convenience 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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

546
Businesses Nearby

Demographics for 57730, SD

5,219
Population
3,328
Households
1.6
Avg Household Size
57
Median Age
35%
College-Educated
95%
High-School Grad
516.2 sq mi
ZIP Area
10
Density / Sq Mi
$81,911
Median Household Income
$41,231
Median Earnings
$1,070
Median Rent
$324,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Updated upper-level lodging and a flexible main floor support continued vacation rental use or a different configuration, subject to city regulations.
Where is this mixed-use property located?
The property is located at 537 MT RUSHMORE RD Custer, SD.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,000 square feet on a 0.08‑acre parcel; Upper level arranged for guest lodging; main floor includes a kitchen area and rec‑room layout; Renovations include upstairs plumbing and electrical, refinished floors, and main‑level subfloor and flooring work
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