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Property profile & analytics
OFF-MARKET
Land

0 Heather Ln Summerset, SD 57718

2.71 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.71-acre commercial lot, located at Heather Ln lot 5 in Summerset, South Dakota (zip code 57718), presents a unique investment opportunity. Priced at $289,000, this property boasts a General Commercial (GC) zoning designation, allowing for a wide range of commercial development possibilities. The lot is situated in a new subdivision conveniently located off Sturgis Road, offering easy access to major transportation routes and the interstate. City water, gas, and electricity are readily available at the lot line, streamlining the construction process. While a stormwater detention cell is present on the property, the asking price reflects the impact of this unbuildable portion. Regional drainage infrastructure is already in place, minimizing development delays. This rapidly growing commercial area offers significant potential for businesses seeking to establish or expand their operations. The competitive pricing makes this a compelling opportunity for investors and developers alike. The property is owned by an LLC. The price per square foot of land value is $2.45.

Property profile
Verified
Property type Land
Lot 2.71 ac (118,048 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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