Commercial Real Estate Market in Mobridge, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 269 off-market properties in Mobridge, SD.
Market Trends
Mobridge, SD spans 423.6 square miles in Walworth County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mobridge, 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 Mobridge, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mobridge, 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 Mobridge, 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 73%
- Open space 13.1%
- Industrial 8.6%
- Commercial 5.2%
Largest Zones share of zoned land by district
Agricultural
Conservation District
Residential
Residential
Industrial
Mobridge, SD zones 5,934 acres across 9 districts. Commercial zoning covers 5.2% of zoned land, residential 73%, open space 13.1% and industrial 8.6%. The largest single district is Agricultural at 56.2%. For commercial buyers the practical constraint is that only 13.8% of land carries a commercial or industrial designation.
Conservation District (CN)
TITLE 16 - CONSERVATION DISTRICT (CN) 16.01 Statement of Purpose. Areas possessing natural resources, the preservation and wise use of which take precedence over other urban uses, which might otherwise encroach or destroy such resources. The type of resource, which the land possesses will determine the uses which should be permitted on such land. In addition…
Market overview
Demographics & Economy
Mobridge, SD has 3,824 residents in 1,886 households. Density runs 9 people per square mile. Median household income here is $63,396 and median gross rent $969 a month.
3,824
Population
1,886
Households
2
Avg Household Size
40
Median Age
36%
College-Educated
95%
High-School Grad
423.6 sq mi
ZIP Area
9
Density / Sq Mi
$63,396
Median Household Income
$48,765
Median Earnings
$969
Median Rent
$153,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Glenham | — | — |
| Wakpala | — | — |
| Sitka | — | — |
| Trail City | — | — |
Commercial property in Mobridge, SD asks $103/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mobridge?
Commercial property in Mobridge, SD asks an average of $103 per square foot.
What zoning applies to commercial property in Mobridge?
Mobridge, SD zones 5,934 acres across 9 districts, of which 5.2% is commercial and 8.6% industrial. The largest single district is Agricultural at 56.2% of zoned land. Residential zoning covers 73% and open space 13.1%.
Where does Realmo's Mobridge market data come from?
Realmo compiles Mobridge, SD figures from 3 active sale listings, 269 tracked off-market properties, the current Mobridge zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Mobridge, 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: 5,934 zoned acres across 9 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
