Commercial Real Estate Market in Dell Rapids, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 280 off-market properties in Dell Rapids, SD.
Market Trends
Dell Rapids, SD spans 141.4 square miles in Minnehaha County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Dell Rapids, 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 Dell Rapids, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Dell Rapids, 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 Dell Rapids, SD runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Dell Rapids, SD has 5,432 residents in 2,130 households. Density runs 38 people per square mile. Median household income here is $100,595 and median gross rent $940 a month.
5,432
Population
2,130
Households
2.6
Avg Household Size
38
Median Age
37%
College-Educated
97%
High-School Grad
141.4 sq mi
ZIP Area
38
Density / Sq Mi
$100,595
Median Household Income
$53,828
Median Earnings
$940
Median Rent
$293,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Baltic | — | — |
| Trent | — | — |
| Garretson | — | — |
| Lyons | — | — |
Commercial property in Dell Rapids, SD asks $192/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Dell Rapids?
Commercial property in Dell Rapids, SD asks an average of $192 per square foot.
Where does Realmo's Dell Rapids market data come from?
Realmo compiles Dell Rapids, SD figures from 12 active sale listings, 2 active lease listings, 280 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 2 active for-lease listings in Dell Rapids, 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.
- 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
