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    211 Iowa Ave Platte, SD 57369

    Sponsored
    For Sale
    $1,100,000

    16-bed facility, excellent income potential

    Property size:
    8,467 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional assisted living facility, situated at 211 Iowa Ave in Platte, South Dakota, presents a lucrative investment opportunity. The property, totaling 8,467 square feet on a 14,000 square foot lot, boasts a spacious layout designed for comfortable senior living. Originally constructed in 1994, the facility underwent significant renovations in 2017, enhancing its appeal and functionality. The renovations included the addition of eight studio rooms, a modern salon, a convenient laundry room, a welcoming dining area, a private office, and a shared main bathroom. The existing six one-bedroom units were retained, ensuring a diverse range of accommodation options. The fully remodeled kitchen, completed in 2017, is equipped to cater to the dietary needs of residents. Most bedrooms feature private restrooms for added convenience and privacy. Licensed for 16 residents, this well-maintained property offers a strong foundation for continued success in the growing senior care market. The asking price is $1,100,000, translating to $129.92 per square foot. This represents a compelling investment in a thriving community within Charles Mix County, South Dakota, zip code 57369. The property's location offers easy access to local amenities and services, further enhancing its desirability.

    Property Features for 211 Iowa Ave

    General Information

    Property type
    Retirement homes
    Square Feet
    8,467 SF

    Building Details

    Year Built/Renovated
    1994/2017

    HighLights

    • 8,467 SF assisted living facility on a 14,000 SF lot in Platte, SD.
    • Built in 1994, extensively renovated in 2017.
    • Features 14 units (8 studios, 6 one‑bedrooms), a salon, laundry room, dining area, office, and updated kitchen.
    • Licensed for 16 residents.
    • Asking price: $1,100,000 ($129.92/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Twilight Vista Assisted ... Assisted Living Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Platte
    County
    Charles Mix
    State
    South Dakota
    Longitude
    -98.8376487
    Latitude
    43.3884687

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    FAQs

    What type of property is this?
    Retirement home - 16-bed facility, excellent income potential
    Where is this retirement home located?
    The property is located at 211 Iowa Ave Platte, SD.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 8,467 SF assisted living facility on a 14,000 SF lot in Platte, SD.; Built in 1994, extensively renovated in 2017.; Features 14 units (8 studios, 6 one-bedrooms), a salon, laundry room, dining area, office, and updated kitchen.
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    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
    211 Iowa Ave Platte, SD 57369
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