1020 Jct Ave Sturgis, SD 57785-1632
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.
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Prairie Emporium - Antiques in Sturgis Home Decor Store Furniture & Home Goods
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.