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Property profile

Tbd Sturgis Rd Summerset, SD 57718

OFF-MARKET
Commercial real estate
2.53 ac lot
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Property summary

AI-generated overview

This exceptional 2.53-acre commercial lot presents a unique opportunity in the thriving Summerset, South Dakota market. Ideally situated on Sturgis Road, this property boasts premium visibility and accessibility, directly across from Black Hills Polaris, ensuring high traffic exposure. The lot has already undergone subdivision, simplifying the development process. Its generous size accommodates a wide range of medium to large-scale commercial projects. Access is readily available from Sturgis Road, connecting to both American Eagle and Democracy streets. All essential utilities are conveniently located at the lot line, including three-phase electric, municipal water and sewer, and communication lines. This eliminates significant upfront infrastructure costs and accelerates project timelines. The property benefits from the attractive 0% Meade County property tax abatement for new commercial projects over a five-year period, offering substantial financial incentives. This represents a significant advantage for developers seeking to capitalize on the area's robust growth and appealing Black Hills foothills setting. Prospective buyers are responsible for independently verifying all details pertaining to this listing, including but not limited to lot dimensions, utility specifications, and tax incentives.

Property profile

Verified
Property type Commercial real estate
Lot 2.53 ac (110,207 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Tbd Sturgis Rd Summerset, SD 57718
Summerset metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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