Commercial Real Estate Market in Sturgis, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
22 active listings and 729 off-market properties in Sturgis, SD.
Market Trends
Sturgis, SD spans 570.2 square miles in Meade County, South Dakota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Sturgis, SD runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Sturgis, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Sturgis, 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%.
Multifamily
Multifamily vacancy in Sturgis, SD runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 33.6%
- Commercial 29.9%
- Residential 17.3%
- Open space 8.1%
- Industrial 5.7%
- Agricultural 4.1%
- Mixed use 1.3%
Largest Zones share of zoned land by district
This is a residential district to provide for medium population density the principal uses of land is for one and two-family residential uses, Certain uses which are more compatible with intensive residential uses than with commercial uses permitted, The city planning commission and city council may permit recreation, religious, education and other related u…
Market overview
Demographics & Economy
Sturgis, SD has 9,895 residents in 4,879 households. Density runs 17 people per square mile. Median household income here is $59,311 and median gross rent $842 a month.
Tools
Nearby Markets
Commercial property in Sturgis, SD asks $205/SF. The 2 bordering markets run from $150/SF in Lead to $291/SF in Deadwood, and the city sits below their $220/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Sturgis?
How does Sturgis compare to nearby markets on price?
Where does Realmo's Sturgis market data come from?
Methodology & data sources
- Asking prices and medians
- There are 17 active for-sale and 5 active for-lease listings in Sturgis, SD. The sale median is based on 9 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 3,428 zoned acres across 16 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
