Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    307 5Th St Milbank, SD 57252

    Sponsored
    For Sale
    $1,000,000

    1.75 Acres, Hwy 12 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.75-acre commercial land parcel presents a unique investment opportunity in the heart of Milbank, South Dakota. Boasting 300 feet of prime frontage along Highway 12, this highly visible location offers unparalleled exposure to a substantial daily traffic volume. Situated in the center of Milbank, a town with a population of 3,512, this property is ideally positioned to capitalize on the existing community and attract new businesses. The property currently features a building, though it requires significant maintenance or demolition, presenting a blank canvas for development tailored to your vision. The substantial lot size allows for flexibility in design and construction, accommodating a single large-scale enterprise or multiple smaller businesses. This central location within Milbank, combined with its prominent highway frontage, makes this an exceptional opportunity for commercial development or redevelopment. The asking price is $1,000,000. The property is located at 307 S 5th St, Milbank, SD 57252, in Grant County. Broker co-op is available.

    Property Features for 307 5Th St

    General Information

    Property type
    Land
    Lot Size
    76,230 SF

    HighLights

    • 1.75‑acre commercial land parcel in Milbank, SD, with 300 feet of Highway 12 frontage.
    • High‑visibility location with substantial daily traffic volume in the center of Milbank (population 3,512).
    • Existing building on site requiring significant maintenance or demolition, offering redevelopment potential.
    • Large lot size suitable for single large‑scale or multiple smaller businesses.
    • Asking price: $1,000,000. Located at 307 S 5th St, Milbank, SD 57252.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tubbs of Soft Water Water Treatment Plant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milbank
    County
    Grant
    State
    South Dakota
    Longitude
    -96.631483651123
    Latitude
    45.219950244899

    Nearby Comparable

    • $750,000
      93.00 Acres

      93 Acres Vacant Land Opportunity

      93 acres of mixed-use farmland near Milbank and Big Stone.
      483Rd Ave, Milbank, SD 57252
      View Details
    • $150,000
      2,280 SF

      Ortonville Main Street Business Opportunity

      Prime location, versatile space, ready to operate.
      221 2Nd St, Ortonville, MN 56278
      View Details
    • $250,000
      2,660 SF

      Former C Store Ortonville, MN

      Former convenience store on corner lot in Ortonville, Minnesota.
      624 2Nd St SE, Ortonville, MN 56278
      View Details
    • $98,000
      1,000 SF

      Downtown Ortonville Commercial Building For Sale

      1,000 sq ft commercial building in downtown Ortonville, Minnesota.
      118 2Nd St NW, Ortonville, MN 56278
      View Details
    • $79,000
      0.54 Acres

      Serene Lakeshore Lots and Land

      97 feet of secluded South Dakota lakeshore with amenities.
      158 Lakota Is, Big Stone City, SD 57216
      View Details

    FAQs

    What type of property is this?
    Land - 1.75 Acres, Hwy 12 Frontage
    Where is this land located?
    The property is located at 307 5Th St Milbank, SD.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 1.75-acre commercial land parcel in Milbank, SD, with 300 feet of Highway 12 frontage.; High-visibility location with substantial daily traffic volume in the center of Milbank (population 3,512).; Existing building on site requiring significant maintenance or demolition, offering redevelopment potential.
    Request Owner's contact information
    307 5Th St Milbank, SD 57252
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    307 5Th St
    Milbank, SD 57252
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    307 5Th St Milbank, SD 57252
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.