Commercial Shop with Multiple Drive
715 S State Street Aberdeen, SD 57401
715 S State Street, Aberdeen, SD, 57401
$979,000
For Sale
$979,000
COMMERCIAL - Aberdeen, SD
Property Size10,060 SF
Price / SF$97.32
Days on Market194
Property Features for 715 S State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 10,060 SF
Taxes and HOA fees
- Tax Description
- LT 2 BRICK'S 1ST ADD
- Tax Annual Amount
- 6036
Building Details
- Year built
- 1969
Listing agency
Dakota Plains Real Estate & Development
(605) 225-1800
Listed by
Robin (Rob) K Johnson · License #15391
(605) 225-1800
Added: Jan 8 Updated: Jun 3 at 5:11PM Checked: Jul 21 at 5:06PM
MLS# 26-9
Copyright © 2026 Aberdeen Board 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.
Investment Insights
Based on property information with market context.
The property is a well-maintained commercial shop totaling 10,000 square feet, configured in separate sections measuring approximately 120 by 50 and 60 by 70. It features 16-foot wall height and multiple overhead doors, including a 12-foot door and a 14-foot door. The building has an air exchange system and infrared ceiling heat, with natural gas service. Spray foam insulation is noted, and there are exterior electrical plug-ins for trucks.
The shop is located just off East U.S. Highway 12 on South State Street in Aberdeen, South Dakota. Access is described as easy, and the property offers lots of paved parking.
This configuration supports a range of industrial and light commercial uses that benefit from substantial clearance, multiple bays, and truck-ready exterior electrical connections. For buyers, the building’s maintained condition and built-in utility and heating elements can reduce near-term operational work, subject to tenant and buyer verification.
The shop is located just off East U.S. Highway 12 on South State Street in Aberdeen, South Dakota. Access is described as easy, and the property offers lots of paved parking.
This configuration supports a range of industrial and light commercial uses that benefit from substantial clearance, multiple bays, and truck-ready exterior electrical connections. For buyers, the building’s maintained condition and built-in utility and heating elements can reduce near-term operational work, subject to tenant and buyer verification.
Key Highlights
- 10,000 SF commercial shop built in 1969, located just off US Highway 12 on South State Street
- Easy access with lots of paved parking
- Shop features 16' walls with both 12' and 14' doors
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.6k | $3.24 |
| − Vacancy | $0 | $0.00 |
| EGI | $32.6k | $3.24 |
| − OpEx | −$4.9k | −$0.49 |
| NOI | $27.7k | $2.75 |
10,060 SF · lease $3.24/SF/yr · vacancy 0.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$395.8K
$346.3K – $461.8K
NOI $27,705 @ 7.0% cap · market cap 2.83%
Second Best
Industrial
$325.9K
$285.2K – $380.3K
NOI $22,816 @ 7.0% cap · market cap 2.33%
Theoretical Best
Healthcare Medical
$1.76M
$1.54M – $2.05M
NOI $122,953 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brick Transport
Trucking Company
Similar For Sale Nearby
Similar Off Market Nearby
- D & G Storage — 202 6th Ave SE, Aberdeen, SD 57401
- Central Storage Large & Small — N State St, Aberdeen, SD 57401
- First Mini-Storage Inc — 1001 1st Ave SE, Aberdeen, SD 57401
- Otis Elevator Company — 1 N Main St Suite 222, Aberdeen, SD 57401
FAQs
What type of property is this?
Warehouse - Well-maintained industrial shop with paved parking, insulated walls, and multiple large overhead doors for flexible operations.
Where is this warehouse located?
The property is located at 715 S State Street Aberdeen, SD.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: 10,000 SF commercial shop built in 1969, located just off US Highway 12 on South State Street; Easy access with lots of paved parking; Shop features 16' walls with both 12' and 14' doors
