Commercial Real Estate Market in Sturgis, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
74 active listings and 730 off-market properties in Sturgis, SD. Commercial property asks $235/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Sturgis, SD spans 570.2 square miles in Meade County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Sturgis, 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 Sturgis, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Sturgis, 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
- 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
Public Land
Medium Density Residential Housing
Low Density Residential Housing
Highway Service
General Industrial
Medium Density Residential Housing (MDRH)
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.
9,895
Population
4,879
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
93%
High-School Grad
570.2 sq mi
ZIP Area
17
Density / Sq Mi
$59,311
Median Household Income
$34,403
Median Earnings
$842
Median Rent
$263,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Marcus | — | — |
| Fort Meade | — | — |
| Bear Butte | — | — |
| Tilford | — | — |
Commercial property in Sturgis, SD asks $235/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sturgis?
Commercial property in Sturgis, SD asks an average of $235 per square foot.
How much does it cost to lease commercial space in Sturgis?
Asking lease rates in Sturgis, SD average $16.00 per square foot per year.
Where does Realmo's Sturgis market data come from?
Realmo compiles Sturgis, SD figures from 5 recent recorded sales, 73 active sale listings, 1 active lease listings, 730 tracked off-market properties, the current Sturgis zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 73 active for-sale and 1 active for-lease listings in Sturgis, 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: 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 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
