715 Melgaard Rd, Aberdeen, SD 57401
This exceptional industrial property, located at 715 Melgaard Road North in Aberdeen, South Dakota, presents a significant investment opportunity. The 113,250 square foot building sits on a 10-acre lot and is classified as Class C. Built in 1969, this single-story structure offers a 16-foot ceiling height, perfect for various industrial uses. The property features one loading dock and one dock-high door, complemented by ample parking for 423 vehicles. Zoned for warehouse and light industrial purposes, this property is strategically positioned for efficient logistics. Its proximity to the Aberdeen Regional Airport and its convenient access to Highway 12 and Interstate 29 (73 miles away) further enhance its appeal. The asking price is $5,525,000, translating to $48.79 per square foot. This expansive warehouse and production building offers significant potential for a variety of businesses seeking a well-located, substantial industrial space in Aberdeen, South Dakota. The property is being offered for sale by owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.