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    2914 Industrial #2 Ave Aberdeen, SD 57401

    Sponsored
    For Lease
    $8 SF/Yr

    29,000 SF Manufacturing/Warehouse Space

    Lot size:
    29,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 29,000-square-foot industrial property, located at 2914 Industrial #2 Avenue in Aberdeen, South Dakota, presents a significant opportunity. Situated on a spacious 35-acre lot, this manufacturing and warehouse space boasts a desirable I2 zoning classification within Brown County. The building, constructed in 1973 and renovated in 1980, offers impressive ceiling heights ranging from 21 feet to 24 feet, 8 inches, and features four loading docks, one dock-high door (12' x 18'), and ample paved parking. The reinforced floor adds to its structural strength. The entire 29,000 square feet is currently vacant and available for lease at a gross rent of $8.50 per square foot. Tenant improvements are negotiable. Please note that certain entities are excluded from tenancy: Brown County and other jail-related entities, Maple River Colony and its subsidiaries, HMC, all HMC-related entities, and all HMC suppliers. A minimum of 24 hours' notice is required for showings. This property is ideal for a variety of industrial uses.

    Property Features for 2914 Industrial #2 Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,000 SF
    Total Rate
    20541.67

    Building Details

    Year Built/Renovated
    1973/1980

    Unit(s) available at that property

    Space
    Suite 2
    Size
    29,000 SF
    Rate per SF
    $8

    HighLights

    • List Price: $8.5 million
    • High‑traffic location with excellent visibility.
    • Strong tenant occupancy rates.
    • Significant upside potential for rental income.
    • Well‑maintained building with recent upgrades.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Aberdeen
    County
    Brown
    State
    South Dakota
    Longitude
    -98.43881888
    Latitude
    45.46904399

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Distribution property - 29,000 SF Manufacturing/Warehouse Space
    Where is this distribution property located?
    The property is located at 2914 Industrial #2 Ave Aberdeen, SD.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: List Price: $8.5 million; High-traffic location with excellent visibility.; Strong tenant occupancy rates.
    Request Owner's contact information
    2914 Industrial #2 Ave 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
    2914 Industrial #2 Ave Aberdeen, SD 57401
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