229 Lovely Ave, Baltic, SD 57003
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.
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
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.