200 Main Ave Lemmon, SD 57638-1223
This exceptional mixed-use property, located at 200 Main Avenue in Lemmon, South Dakota, presents a compelling investment opportunity. The building, constructed in 1967, boasts a substantial 7,015 square feet of space, all on one story. Priced affordably at $149,000, this translates to a price per square foot of just $21.24. Previously occupied by Benny's Restaurant, the property offers significant potential for a variety of commercial uses. Its spacious layout and versatile design make it ideal for a restaurant, retail space, or numerous other businesses. The building's prime location in Lemmon, South Dakota, within Perkins County, zip code 57638, ensures high visibility and accessibility. This single-building property represents a rare chance to acquire a large, established commercial space in a thriving community. The building's size and location make it an attractive proposition for entrepreneurs seeking to establish a presence in Lemmon. Serious inquiries are encouraged to explore the full potential of this remarkable commercial property. The property is situated at 45.9427631 latitude and -102.1589796 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
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.