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    301 1St Ave Lemmon, SD 57638

    Sponsored
    For Sale
    $325,000

    9,060 SF Office Space - $325,000

    Property size:
    9,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,060 square foot executive office building presents a unique investment opportunity in Lemmon, South Dakota. Located at 301 1st Avenue E, this property, built in 1962, offers significant potential for a variety of uses. Currently configured as a well-established mechanic shop, the space boasts six spacious stalls, a large parking lot, and a substantial office/display area. The building also includes three bathrooms, providing ample facilities for staff and clients. The versatile layout makes it ideal for a range of businesses, including retail, automotive sales, storage, or other commercial ventures. The property's size and existing infrastructure provide a solid foundation for immediate occupancy or customization to suit specific business needs. The asking price is $325,000. The property is located in Perkins County, South Dakota, zip code 57638. This is a rare chance to acquire a substantial commercial property in a growing community. The building can be purchased with or without the existing equipment, offering flexibility to prospective buyers. Don't miss this chance to secure a prime commercial location in Lemmon.

    Property Features for 301 1St Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,060 SF

    Building Details

    Year Built
    1962
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemmon
    County
    Perkins
    State
    South Dakota
    Longitude
    -102.1583137
    Latitude
    45.9415989

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    FAQs

    What type of property is this?
    Office Property / Space - 9,060 SF Office Space - $325,000
    Where is this office property / space located?
    The property is located at 301 1St Ave Lemmon, SD.
    What is the asking price?
    The asking price for this property is $325,000.
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    301 1St Ave Lemmon, SD 57638
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    Lemmon, SD 57638
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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
    301 1St Ave Lemmon, SD 57638
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