115 Main St Aberdeen, SD 57401
- Commercial real estate
- 6,900 SF
Current Use by Public Records
- Triple D Novelty / Novelty Store
Property Details for 115 Main St
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Property size
- 6,900 SF
- Property type
- Commercial real estate
- APN
- 9451
- APU
- 9451
Description
This exceptional Class A retail storefront, located at 115 S Main St, Aberdeen, SD 57401, presents a unique sale/leaseback investment opportunity. The 6,164 square foot property, built in 1937, boasts a 100% occupancy rate and a substantial NOI of $268,377, translating to a compelling 48.80% cap rate and a price per square foot of $89.23. The single-unit building sits on commercially zoned land and is currently operating as a thriving novelty store. This prime downtown Aberdeen location offers significant potential for continued growth and profitability. The property features one story and is situated in Brown County. The asking price is $550,000. This is a rare chance to acquire a well-established, high-performing retail asset in a desirable location. The property's strong financial performance and prime location make it an attractive investment for discerning buyers seeking a high-return opportunity in the South Dakota market. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aberdeen
- County
- Brown
- State
- South Dakota
- Longitude
- -98.4885
- Latitude
- 45.4672
- CBSA code
- 10100
- CBSA name
- ABERDEEN, SD MICROPOLITAN STATISTICAL AREA
