Commercial Real Estate Market in Colman, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 57 off-market properties in Colman, SD.
Market Trends
Colman, SD spans 108.4 square miles in Moody County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Colman, SD runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Colman, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Colman, SD runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Colman, SD runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.6%
- Industrial 35.8%
- Civic 4.6%
Largest Zones share of zoned land by district
Single Family Residential District
Industrial District
General Residential District
Highway Commercial District
Central Commercial District
Colman, SD zones 353 acres across 6 districts. The largest single district is Single Family Residential District at 43.1%. For commercial buyers the practical constraint is that only 35.8% of land carries a commercial or industrial designation.
Single Family Residential District (R1)
In the case of reversed frontage and corner lots in the In the R1, R2, and R3 Districts, a front yard of the required depth shall be provided on either frontage, and a second front yard of half the depth required generally for front yards in the district shall be provided on the other frontage. Required front yards shall be devoted entirely to landscaped are…
Market overview
Demographics & Economy
Colman, SD has 1,294 residents in 633 households. Density runs 12 people per square mile. Median household income here is $89,643 and median gross rent $733 a month.
1,294
Population
633
Households
2
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
108.4 sq mi
ZIP Area
12
Density / Sq Mi
$89,643
Median Household Income
$48,488
Median Earnings
$733
Median Rent
$260,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Egan | — | — |
| Trent | — | — |
| Smiths Park | — | — |
| Rutland | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Colman?
Colman, SD zones 353 acres across 6 districts, of which 0% is commercial and 35.8% industrial. The largest single district is Single Family Residential District at 43.1% of zoned land. In the case of reversed frontage and corner lots in the In the R1, R2, and R3 Districts, a front yard of the required depth shall be provided on either frontage, and a second front yard of half the depth required generally for front yards in the district shall be provided on the other frontage. Required front yards shall be devoted entirely to landscaped are… Residential zoning covers 59.6% and open space 0%.
Where does Realmo's Colman market data come from?
Realmo compiles Colman, SD figures from 1 active sale listings, 57 tracked off-market properties, the current Colman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Colman, SD. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 353 zoned acres across 6 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
