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Property profile & analytics
OFF-MARKET
Commercial real estate

1020 Jct Ave Sturgis, SD 57785-1632

0.18 ac lot
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US79-0138645
Property summary
AI-generated overview

This exceptional commercial property, situated at 1020 Junction Avenue in the heart of Sturgis, South Dakota, presents a unique investment opportunity. Boasting a prime location at the southeast intersection of Main Street and Junction Avenue, this property benefits from significant year-round traffic and enjoys exceptional visibility, particularly during the renowned Sturgis Motorcycle Rally. The main building encompasses 1,476 square feet and is currently operating as a successful antique store. Adding to its income-generating potential, over 6,100 square feet of additional space is available for lease, primarily utilized for lucrative rally vendor spaces. Current rental income from vendors during the rally averages approximately $75,000 annually, offering substantial returns on investment. However, with strategic management and potential upgrades, this figure has significant room for growth. The property sits on a 0.18-acre lot, providing ample space for both the existing building and potential future expansion or development. This property is ideal for investors seeking a strong return on investment in a high-demand location with proven income streams and significant upside potential. The combination of a thriving retail space and highly sought-after rally vendor space makes this a truly unique and compelling commercial opportunity. The property's strategic location ensures consistent exposure and high foot traffic throughout the year.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.18 ac (7,797 SF)
APN 01.60.03.24
UPID US79-0138645
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Prairie Emporium - Antiques in Sturgis Home Decor Store Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Fjelstad Professional Services LLC · 6 yrs held
Fjelstad Professional Services LLC
since 2019
1 recorded transaction
2019
$505,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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