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    115 Main St Aberdeen, SD 57401

    Sponsored
    For Sale
    $550,000

    High-Return Retail Storefront

    Property size:
    6,164 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail storefront, located at 115 S Main St, Aberdeen, SD 57401, presents a unique sale/leaseback investment opportunity. The 6,164 square foot property, built in 1937, boasts a 100% occupancy rate and a substantial NOI of $268,377, translating to a compelling 48.80% cap rate and a price per square foot of $89.23. The single-unit building sits on commercially zoned land and is currently operating as a thriving novelty store. This prime downtown Aberdeen location offers significant potential for continued growth and profitability. The property features one story and is situated in Brown County. The asking price is $550,000. This is a rare chance to acquire a well-established, high-performing retail asset in a desirable location. The property's strong financial performance and prime location make it an attractive investment for discerning buyers seeking a high-return opportunity in the South Dakota market. Serious inquiries only.

    Property Features for 115 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,164 SF
    Class
    A

    Building Details

    Year Built
    1937
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Class A retail storefront, 6,164 square feet, located at 115 S Main St, Aberdeen, SD 57401.
    • 100% occupancy, $268,377 NOI, 48.80% cap rate, $89.23/SF.
    • Single‑tenant building on commercially zoned land, currently operating as a novelty store.
    • Asking price: $550,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triple D Novelty Novelty Store

    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
    Aberdeen
    County
    Brown
    State
    South Dakota
    Longitude
    -98.4876645
    Latitude
    45.4635098

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    FAQs

    What type of property is this?
    Lifestyle center - High-Return Retail Storefront
    Where is this lifestyle center located?
    The property is located at 115 Main St Aberdeen, SD.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Class A retail storefront, 6,164 square feet, located at 115 S Main St, Aberdeen, SD 57401.; 100% occupancy, $268,377 NOI, 48.80% cap rate, $89.23/SF.; Single-tenant building on commercially zoned land, currently operating as a novelty store.
    Request Owner's contact information
    115 Main St Aberdeen, SD 57401
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    Aberdeen, SD 57401
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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
    115 Main St Aberdeen, SD 57401
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