Property profile

229 Lovely Ave Baltic, SD 57003

OFF-MARKET
Investment properties
3.08 ac lot Built 2021
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Property summary

AI-generated overview

This 3.08-acre parcel at 229 Lovely Ave in Baltic, SD presents a remarkable opportunity for commercial development. Its prime location on a main thoroughfare ensures high visibility and accessibility, making it perfect for a variety of uses, including a strip mall or multi-family housing. The property benefits from its proximity to a local gas station and the Baltic school, providing convenient access to essential services and a strong potential customer base. Baltic is experiencing significant growth, making this an exceptional investment in a thriving community. The expansive lot offers ample space for a substantial development project, catering to the increasing demand for commercial and residential spaces within the area. This location offers significant potential for return on investment due to the high traffic count and the town's ongoing expansion. The property is priced competitively at $425,000, reflecting its significant potential for future growth and development. Serious inquiries are encouraged to explore this exceptional commercial land opportunity. The seller is motivated and ready to negotiate.

Property profile

Verified
Property type Investment properties
Year built 2021
Lot 3.08 ac (134,165 SF)

Cap rate & NOI

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

Location

229 Lovely Ave Baltic, SD 57003
Baltic metro
Google Maps

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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