115 Main StAberdeen, SD 57401

Property Details for 115 Main St

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

6,900 SF

Property type

Other 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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,235,230

  Hospitality

  $1,131,464

  Educational

  $941,365

  Medical

  $973,740

  Retail

  $1,464,345

Location Insight

City

Aberdeen

County

Brown

State

South Dakota

Latitude

45.4672

Longitude

-98.4885

CBSA code

10100

CBSA name

ABERDEEN, SD MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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