Commercial Real Estate Market in Summerset, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 91 off-market properties in Summerset, SD.
Market Trends
Summerset, SD spans 162.5 square miles in Meade County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Summerset, 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 Summerset, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Summerset, 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 Summerset, 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
- Commercial 69.2%
- Civic 24.5%
- Residential 2.6%
- Planned_development 2.5%
- Industrial 1.1%
Largest Zones share of zoned land by district
Agricultural
General Commercial
Single Family Residential
Multifamily Residential
Planned Development
Summerset, SD zones 1,437 acres across 7 districts. Commercial zoning covers 69.2% of zoned land, residential 2.6% and industrial 1.1%. The largest single district is Agricultural at 35.2%. For commercial buyers the practical constraint is that only 70.4% of land carries a commercial or industrial designation.
Agricultural (AG)
This district is intended to provide for land situated on the fringe of the urban area that is used for agricultural purposes, but will be undergoing urbanization in the future. Most of these areas will be in close proximity to residential and commercial uses and therefore the agricultural activities conducted in this district should not be detrimental to ur…
Market overview
Demographics & Economy
Summerset, SD has 11,994 residents in 4,852 households. Density runs 74 people per square mile. Median household income here is $85,362 and median gross rent $1,116 a month.
11,994
Population
4,852
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
96%
High-School Grad
162.5 sq mi
ZIP Area
74
Density / Sq Mi
$85,362
Median Household Income
$47,044
Median Earnings
$1,116
Median Rent
$292,921
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Black Hawk | — | — |
| Piedmont | — | — |
| Tilford | — | — |
| Nemo | — | — |
Commercial property in Summerset, SD asks $208/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Summerset?
Commercial property in Summerset, SD asks an average of $208 per square foot.
What zoning applies to commercial property in Summerset?
Summerset, SD zones 1,437 acres across 7 districts, of which 69.2% is commercial and 1.1% industrial. The largest single district is Agricultural at 35.2% of zoned land. This district is intended to provide for land situated on the fringe of the urban area that is used for agricultural purposes, but will be undergoing urbanization in the future. Most of these areas will be in close proximity to residential and commercial uses and therefore the agricultural activities conducted in this district should not be detrimental to ur… Residential zoning covers 2.6% and open space 0%.
Where does Realmo's Summerset market data come from?
Realmo compiles Summerset, SD figures from 1 active sale listings, 91 tracked off-market properties, the current Summerset 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 Summerset, 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: 1,437 zoned acres across 7 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
