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    701 Main St Aberdeen, SD 57401

    Sponsored
    For Sale
    $291,900

    Updated Commercial Building, 8.75 Acres

    Property size:
    2,906 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2,906 square foot retail building, constructed in 1909, is situated on a generous 8.75-acre lot at 701 N Main Street, Aberdeen, SD 57401. The property boasts significant recent improvements exceeding $100,000, including two new AC units, a new furnace, numerous new windows, and new insulation. Interior upgrades encompass remodeled bathrooms, new flooring and carpeting, and fresh paint. Eight private off-street parking spaces are available. Currently leased at $2100 per month plus utilities, lawn care, and snow removal, the lease includes four one-year options. The owner is responsible for property taxes only. The sale does not include the existing business or its equipment. This versatile property offers potential for conversion to residential use, featuring 2-1/2 baths, 1-3/4 bath, and 3-5 bedrooms (depending on configuration). The asking price is $291,900. Due to limited showing hours, prospective buyers are urged to schedule appointments well in advance.

    Property Features for 701 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    2,906 SF
    Lot Size
    381,150 SF

    Building Details

    Year Built
    1909

    HighLights

    • Asking Price: $291,900
    • Property Type: Retail, 2,906 square feet
    • Year Built: 1909, situated on an 8.75‑acre lot
    • Located at 701 N Main Street, Aberdeen, SD 57401
    • Features eight off‑street parking spaces, recently updated with new HVAC, windows, insulation, flooring, and bathrooms. Over $100,000 in recent improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mickelson Realtors Inc. Real Estate Agency Appoise Esthetics School Trade School

    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
    -98.4884036
    Latitude
    45.4728733

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    FAQs

    What type of property is this?
    Retail property - Updated Commercial Building, 8.75 Acres
    Where is this retail property located?
    The property is located at 701 Main St Aberdeen, SD.
    What is the asking price?
    The asking price for this property is $291,900.
    What are key features of this property?
    This property features: Asking Price: $291,900; Property Type: Retail, 2,906 square feet; Year Built: 1909, situated on an 8.75-acre lot
    Request Owner's contact information
    701 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
    701 Main St Aberdeen, SD 57401
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