Tbd Sturgis Rd, Summerset, SD 57718
This exceptional 3.17-acre commercial lot, situated on Sturgis Road in Summerset, South Dakota, presents a unique investment opportunity. Its strategic location borders a residential area, ensuring high visibility and convenient access for potential customers. The property's previous use as a construction storage yard demonstrates its suitability for various commercial ventures. The lot offers significant potential for a diverse range of developments, including self-storage facilities, strip malls, or restaurants. Importantly, the site has undergone significant preparation. Previous waste stabilization ponds, once present on the eastern portion of the property, have been filled and the entire lot has been professionally graded, eliminating the need for extensive site work. This significantly reduces development costs and accelerates the timeline for project completion. The property's size and location make it ideal for a business seeking a prominent presence in a growing community. The asking price is $599,000. This is a rare opportunity to acquire a well-prepared commercial lot in a desirable location. Serious inquiries are encouraged.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.