Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1520 3Rd St Madison, SD 57042

    For Sale
    $1,000,000

    20,000 SF Flex Warehouse, $1M

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 20,000-square-foot flex/warehouse property in Madison, South Dakota, presents a compelling investment opportunity. Situated on a generous 5.02-acre lot at 1520 NE 3rd St, 57042, this building offers convenient access near the Madison Municipal Airport. The 100' x 200' structure boasts two 8'H x 9'W dock-high doors—one equipped with dock seals and a leveler—and a 7' x 9' grade-level door. The building features 20' sidewalls and ample power with 208/120v 80 amp, 3-phase service. Inside, you'll find a well-appointed office area complete with private offices, restrooms, and a breakroom. The property benefits from a new HVAC system installed in 2020, ensuring year-round comfort with full air conditioning. The substantial lot size provides significant potential for future expansion. This versatile property is ideal for a variety of industrial and flex uses. The property is located in Lake County, South Dakota.

    Property Features for 1520 3Rd St

    General Information

    Property type
    Distribution properties
    Square Feet
    20,000 SF
    Lot Size
    218,671 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aerostar Manufacturer

    Suggested Use

    Building Supply Spa & Massage Dental Office HVAC Service Electrical Service Daycare Center Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    South Dakota
    Longitude
    -97.0880691
    Latitude
    44.0084536

    Nearby Similar for Sale

    • $437,000
      5,612 SF

      Versatile Mixed-Use Property in Madison

      Adaptable property suitable for office, community, or religious use.
      610 NE 3Rd St, Madison, SD 57042
      View Details
    • New
      $378,500
      2,568 SF

      Established Bar and Restaurant For Sale

      Profitable bar and restaurant in growing community near college campus.
      123 SW 1St St, Madison, SD 57042
      View Details
    • $249,900
      0.18 Acres

      Prime Corner Lot in Madison

      High-visibility commercial property with expansion potential in Madison, SD.
      325 SE 4Th St, Madison, SD 57042
      View Details
    • $175,000
      2,855 SF

      Versatile Commercial Property in Madison

      Office and shop space with income potential in Madison, SD.
      311 S Union Ave, Madison, SD 57042
      View Details
    • $365,000
      1,618 SF

      Established Car Wash Business For Sale

      Profitable, updated car wash business with consistent traffic.
      304 NE 2Nd St, Madison, SD 57042
      View Details
    • $649,900
      8,900 SF

      Established Restaurant and Lounge For Sale

      Restaurant and lounge with meeting and banquet rooms available for sale.
      1407 NW 2Nd St, Madison, SD 57042
      View Details

    FAQs

    What type of property is this?
    Distribution property - 20,000 SF Flex Warehouse, $1M
    Where is this distribution property located?
    The property is located at 1520 3Rd St Madison, SD.
    What is the asking price?
    The asking price for this property is $1,000,000.
    Request Owner's contact information
    1520 3Rd St Madison, SD 57042
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1520 3Rd St
    Madison, SD 57042
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1520 3Rd St Madison, SD 57042
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.