Mixed-Use

Mitchell, SD Mixed-use Properties for Sale

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Mount Vernon, SD Alexandria, SD Dimock, SD
Historic Mixed-Use Building in Mitchell
Updated: Nov 21, 2025
Historic Mixed-Use Building in Mitchell

117 East 3rd Avenue, Mitchell, SD 57301

$1,375,000
51,600 sqft
Prime downtown location with high visibility and foot traffic.
Income‑generating mixed‑use property with commercial and residential units.
Historic building with architectural charm and character.
Fifteen residential apartments with 77.8% occupancy.
Gross Annual Revenue of $191,700.
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Three-Story Mixed-Use Building
Updated: Oct 20
Three-Story Mixed-Use Building

117-123 E 3rd Ave, Mitchell, SD 57301

Contact for pricing
51,600 sqft
51,600‑square‑foot, three‑story mixed‑use property
15 apartments with 77.8% occupancy
Unit mix: 5 studios; 6 one‑bedroom/one‑bathroom; 2 two‑bedroom/one‑bathroom; 1 three‑bedroom/one‑bathroom; 1 five‑bedroom/two‑bathroom
Five‑bedroom/two‑bathroom apartment currently operates as an Airbnb
5 commercial spaces and 1 storage space
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2 active listings match your search: Mixed-Use for sale in Mitchell, SD. Based on your search, we've also compiled 5 Potential Opportunities for your consideration: 4 properties in nearby cities and 1 off-market property to explore as potential leads.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Bar & Pub with Upper-Level Space
Bar & Pub with Upper-Level Space

187 Victor St, Cavour, SD 57324

$175,000
2,500 sqft 0.76 AC lot

The two-level property combines bar infrastructure with flexible second-floor space and Commercial zoning.

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Mixed-Use Property with Storage
Mixed-Use Property with Storage

355 Victor St, Cavour, SD 57324

$245,000
2,880 sqft 2.83 AC lot

Two four-unit storage buildings accompany a garage, RV hookup sites, and a mobile home pad.

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Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

210 W Main St, Canistota, SD 57012

$269,900
2,928 sqft 0.13 AC lot

Two upper-floor apartments are leased, while commercial space remains available on the ground level.

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4-Unit Mixed-Use Property
4-Unit Mixed-Use Property

418 2nd Avenue, Canistota, SD 57012

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0.12 AC lot

The property combines fully occupied apartments with a separate group of storage units.

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Off-Market Properties in Mitchell, SD

Consider similar Off-Market properties in Mitchell, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

824 Havens Ave
Mixed-use properties

824 Havens Ave, Mitchell, SD 57301

Estimated value: by Request
5,276 sqft
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Mitchell, SD Mixed-Use Properties Market Trends and Statistics

Explore 3 mixed-use properties for sale in Mitchell, SD on our real estate platform. These investment opportunities span a total of 103,200 square feet of properties for sale, with an estimated market value of $1,375,000.

Sale prices for multi use buildings in Mitchell, SD average $1,375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 19K
Population Growth (5Y) +3.7%
Median Household Income $60,671
College Educated 31.5%

High-Yield Neighborhoods for Investment

Identify Mitchell submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
57301 $1.4M

Taxes & Financing

Tax Rate (average for all types) 0.83%
Property Tax per SF $12.27 per SF
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Mitchell fall within the 5,000 to 10,000 square foot range.

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