110 54Th St Mitchell, SD 57301
This exceptional 1.41-acre commercial land parcel, located at 110 E 54th St, Mitchell, South Dakota, presents a unique investment opportunity. Boasting a substantial 61,420 square foot lot size, this property is strategically situated at the intersection of SD Hwy 37 and Airport Rd/54th Ave, ensuring high visibility and accessibility. The permitted zoning is Commercial (TWC), offering flexibility for a variety of commercial ventures. Envision a convenience store, storage facility, retail outlet, contractor space, or even an agriculture-related business thriving in this prime location. The property benefits from utilities readily available at the lot line, including Davison Rural Water at 54th Ave. Situated just outside the city limits of Mitchell, this location offers the advantage of lower taxes while maintaining excellent proximity to the city's amenities. The asking price is $199,614, translating to a competitive $3.25 per square foot. This high-traffic location, near the Mitchell Municipal Airport on a four-lane highway, provides unparalleled exposure and access. The flexible zoning and convenient location make this a truly exceptional opportunity for commercial development. Contact us today to explore the potential of this remarkable property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.