Listing Agency: Century 21 Professional Real Estate j***@hotmail.com Show Phone

Listed By: Jolene Green · License #SD

Source: Crexi

Added: Feb 21 Changed: Aug 8 Last Checked: Aug 8 at 2:54PM

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Investment Insights

Based on property information with market context.

This commercial property, situated on Main Street in Springfield, presents an opportunity for investors. The main floor offers 2682 square feet of space, currently configured with a lobby area and offices. An unfinished basement provides additional storage capacity. The building features original architectural details, including a coved ceiling, a stone wall, and a marble pillar on the exterior. The property's layout and location offer potential for various business ventures.

Key Highlights

• Prime location on Springfield's Main St.
• 2682 sq. ft on the main floor.
• Full unfinished basement perfect for storage.

Property Analytics

Property Profile

Current Use

First Savings Bank Bank

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Garden Center Hair Salon Cafe & Coffee Shop Nail 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.

Location Intelligence

Trade Area within ½ mile

105

Businesses Nearby

Explore this area Business Placement

Demographics for 57062, SD

2,344

Population

636

Households

3.7

Avg Household Size

40

Median Age

13%

College-Educated

85%

High-School Grad

100.2 sq mi

ZIP Area

23

Density / Sq Mi

$61,295

Median Household Income

$14,274

Median Earnings

$767

Median Rent

$160,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Well-maintained retail space with architectural details on Main Street.

Where is this retail space located?

The property is located at 825 8th St. Springfield, SD.

What is the asking price?

The asking price for this property is $79,900.

What are key features of this property?

This property features: Prime location on Springfield's Main St.; 2682 sq. ft on the main floor.; Full unfinished basement perfect for storage.