Commercial Real Estate Market in Summit, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 6 off-market properties in Summit, SD.
Market Trends
Summit, SD spans 127.3 square miles in Roberts County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Summit, 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 Summit, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Summit, 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 Summit, 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 48.1%
- Industrial 24.3%
- Agricultural 22.8%
- Planned_development 2.9%
- Civic 2%
Largest Zones share of zoned land by district
General Residential District
Agricultural District
Highway Commercial District
Industrial
Planned Unit Development District
Summit, SD zones 281 acres across 7 districts. The largest single district is General Residential District at 47.5%. For commercial buyers the practical constraint is that only 24.3% of land carries a commercial or industrial designation.
Agricultural District (A)
Subject to Chapter 4.18 Section 2.04.06. Prohibited Uses. All uses and structures not specifically listed as either a Permitted Use, Special Permitted Uses, accessory uses, or Conditional Use shall be prohibited in the “A” Agricultural District. 19 Section 2.04.07. Area Regulations. Minimum lot area, maximum building height, maximum lot coverage and minimum…
Market overview
Demographics & Economy
Summit, SD has 599 residents in 243 households. Density runs 5 people per square mile. Median household income here is $64,444 and median gross rent $738 a month.
599
Population
243
Households
2.5
Avg Household Size
35
Median Age
12%
College-Educated
93%
High-School Grad
127.3 sq mi
ZIP Area
5
Density / Sq Mi
$64,444
Median Household Income
$36,300
Median Earnings
$738
Median Rent
$159,400
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Summit?
Summit, SD zones 281 acres across 7 districts, of which 0% is commercial and 24.3% industrial. The largest single district is General Residential District at 47.5% of zoned land. Residential zoning covers 48.1% and open space 0%.
Where does Realmo's Summit market data come from?
Realmo compiles Summit, SD figures from 1 active sale listings, 6 tracked off-market properties, the current Summit 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 Summit, 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: 281 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
