216 Main St Lennox, SD 57039
This exceptional 2,674 square foot Class B office building, located at 216 S Main St in Lennox, South Dakota, presents a unique investment opportunity. Built in 1930, this vacant property is available immediately and offers versatile space suitable for various office or retail uses. The building boasts two expansive rooms, measuring 31' x 30' and 36' x 30', providing ample room for operations or flexible layouts. A sizable 17' x 20' kitchen and a bathroom with a shower add to the functionality. Convenient rear access from an alley and ample street parking ensure easy access for clients and employees. The property also offers the potential for prominent building signage, enhancing visibility and brand recognition. The asking price is $175,000. The property sits on a 0.1-acre lot. Annual real estate taxes are $1,917.08, and estimated NNN expenses are $1.62 per square foot. This is a NNN lease type property. The property is located in the growing Lennox, SD market, in Lincoln County, zip code 57039. This presents a compelling opportunity to own a well-situated commercial property in a thriving community.
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.