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    417 Main Ave Lemmon, SD 57638

    Sponsored
    For Sale
    $315,000

    Prime Main Street Retail & Mixed-Use Opportunity

    Property size:
    6,308 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Lemmon, South Dakota commercial property, located at 417 Main Ave, presents a lucrative investment opportunity. The 6,308 square foot building, constructed in 1988, sits on a 0.32-acre lot and is zoned for commercial use. Currently operating as a multifaceted business, the property includes a well-established gas station with updated pumps, a convenience store, and a video lottery lounge, all contributing to a strong revenue stream. An adjacent laundry mat provides additional income potential. The single-story building is impeccably maintained, offering a clean and inviting atmosphere for customers. A two-stall attached garage, previously used for auto service, adds versatility and further income possibilities. The asking price is $315,000, translating to $50 per square foot. This turnkey operation is ready for a new owner to capitalize on its established success and diverse income streams. The property's prime Main Street location in Lemmon, SD (zip code 57638) ensures high visibility and accessibility. Don't miss this chance to acquire a thriving, established business with significant upside potential.

    Property Features for 417 Main Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,308 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 6,308 SF commercial building on a 0.32‑acre lot in Lemmon, SD (57638).
    • Built in 1988, zoned commercial.
    • Includes gas station with updated pumps, convenience store, and video lottery lounge.
    • Features an adjacent laundry mat and a two‑stall attached garage.
    • Asking price: $315,000 ($50/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemmon
    County
    Perkins
    State
    South Dakota
    Longitude
    -102.1596188
    Latitude
    45.9401398

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Main Street Retail & Mixed-Use Opportunity
    Where is this mixed-use property located?
    The property is located at 417 Main Ave Lemmon, SD.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: 6,308 SF commercial building on a 0.32-acre lot in Lemmon, SD (57638).; Built in 1988, zoned commercial.; Includes gas station with updated pumps, convenience store, and video lottery lounge.
    Request Owner's contact information
    417 Main 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
    417 Main Ave Lemmon, SD 57638
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