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Property profile & analytics

111 Main St Henry, SD 57243-2071

  • Commercial real estate
  • 0.22 lot acres
OFF-MARKET
Value Estimation
$315,000
Location Intelligence
Property ID
US79-0578654
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

  • Dacotah Bank / Bank / Atm

Property Details for 111 Main St

Year built
1974
Lot size
0.22 lot acres
Property type
Commercial real estate
APN
4818
APU
4818

Description

This exceptional 2,353 square foot Class C executive office building, located at 111 Main Street in Henry, South Dakota, presents a unique investment opportunity. Built in 1974, the property sits on a 0.24-acre lot and boasts a prominent location in the heart of Henry, conveniently situated north of Highway 212. Neighboring businesses include the Henry Town Hall and Double Barrel Steakhouse, ensuring high visibility and convenient access to local amenities. The building features a spacious lobby, two restrooms, and a notable security feature: two vaults equipped with substantial 3-foot doors. This characteristic makes the property suitable for various uses, including but not limited to, financial institutions (subject to any existing restrictions), or even a hunting bunkhouse given its proximity to hunting grounds. The property's annual real estate taxes are $3,434.96. The building's age and features offer potential for renovation and modernization to enhance its value and appeal. This is a rare opportunity to acquire a well-positioned commercial property in a desirable South Dakota location. The property's central location and unique features make it an attractive investment for a variety of business owners or investors seeking a strong foothold in the Henry market. Serious inquiries are encouraged. The zip code is 57243, and the property is located in Codington County.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $290,000
  • CAP approach

    CAP return
    Estimation
    6%
    $395,000
    6.5%
    $370,000
    7%
    $355,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $330,000
    Geo Method
    $420,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $435,000
    Retail
    $430,000
    Mixed-Use
    $420,000
    Hospitality
    $390,000
    Educational
    $340,000
    Residential Income
    $345,000
    Energy
    $450,000
    Income-Based Land
    $420,000
    Food Service
    $425,000

Location Insight

  • Map
  • Local Demand
City
Henry
County
Codington
State
South Dakota
Longitude
-97.4678
Latitude
44.8784
CBSA code
47980
CBSA name
WATERTOWN, SD MICROPOLITAN STATISTICAL AREA

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
2023
$3,435
$9,921
$135,432
$145,353
-
$0.00
$0.00
$0.00
More about this property
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