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    605 Main Ave Lemmon, SD 57638

    • Commercial real estate
    • 1,344 SF
    • 0.24 lot acres
    For Sale
    View listing
    $100,000
    Value Estimation
    Location Intelligence
    Property ID
    US79-0273477
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 605 Main Ave

    Year built
    1932
    Lot size
    0.24 lot acres
    Property size
    1,344 SF
    Property type
    Commercial real estate
    APN
    01-0105-002-0002-000-0-0-00000
    APU
    9223372036854775807

    Description

    This exceptional investment opportunity presents a five-unit apartment building located at 605 Main Ave, Lemmon, South Dakota, 57638. The property, built in 1930, boasts a total of 2,688 square feet situated on a generous 1.72-acre lot (75,140 square feet). The two-story building comprises five units: four one-bedroom apartments (three currently rented), one unfinished two-bedroom garden apartment, and one unfinished one-bedroom main floor apartment. Renovation of the unfinished units presents a significant value-add opportunity. The property features a full poured basement and coal heating. The total number of bedrooms across all units is six, and there are five full bathrooms. This multifamily property offers a compelling investment prospect with the potential for substantial returns. The existing rental income, combined with the potential for increased revenue from the completion of the unfinished units, makes this a strong contender for investors seeking a hands-on project with high return potential. The property's location in Lemmon, Perkins County, South Dakota provides a stable market for rental properties. This is a rare chance to acquire a well-located, multi-unit building with significant upside. Asking price is $100,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lemmon
    County
    Perkins
    State
    South Dakota
    Longitude
    -102.16
    Latitude
    45.9385

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $346
    $10,425
    $53,105
    $63,530
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      410 2nd W Ave

      COMMERCIAL (GENERAL) • 0.64 Acres
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      212 4th E Ave

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      0.16 Acres

      13 6th W St

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    • Value Estimation by Request
      0.08 Acres

      112 Main Ave

      COMMERCIAL (GENERAL) • 0.08 Acres
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    Lemmon, SD 57638
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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