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    Property profile & analytics

    202 Main St Montrose, SD 57048

    • Commercial real estate
    • 1,680 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US79-0723936
    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

    • Commercial real estate

    Property Details for 202 Main St

    Year built
    1996
    Lot size
    0.23 lot acres
    Property size
    1,680 SF
    Property type
    Commercial real estate
    APN
    19.00.0518
    APU
    19000518

    Description

    This dynamic Montrose, SD commercial property at 202 W Main St offers a unique and adaptable space perfect for various business ventures. The sturdy, slab-on-grade building boasts 57' x 30' of space and sits on a 0.23-acre lot. Energy-efficient features include spray foam insulation throughout and an on-demand water heater, ensuring comfortable temperatures year-round. The exterior features metal siding and a distinctive red door. A large garage door provides convenient access for deliveries or large equipment. Inside, a well-equipped office area is ideal for administrative tasks or client meetings, and could easily be converted to a bedroom. A 3/4 bathroom adds convenience. The substantial garage space offers ample room for work, storage, or production, adaptable to a wide range of business needs. A practical kitchen and living area provide a comfortable space for breaks or extended work periods. A small storage shed offers additional storage. The property presents opportunities for expansion or landscaping improvements. Priced at $154,500, this versatile property offers a comprehensive facility ready for creative business practices.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $245,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $225,000
      Mixed-Use
      $245,000
      Hospitality
      $210,000
      Educational
      $195,000
      Residential Income
      $225,000
      Energy
      $200,000
      Income-Based Land
      $215,000
      Food Service
      $210,000

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Mccook
    State
    South Dakota
    Longitude
    -97.1854
    Latitude
    43.7014
    CBSA code
    43620
    CBSA name
    SIOUX FALLS, SD METROPOLITAN 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
    $2,281
    $11,880
    $100,400
    $112,280
    -
    $11,880
    $100,400
    $112,280

    Comparable in this City

    • Value Estimation by Request
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      103 Main W St

      COMMERCIAL (GENERAL) • 0.04 Acres
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    • Value Estimation by Request
      0.92 Acres

      Montrose, SD 57048

      COMMERCIAL (GENERAL) • 0.92 Acres
      Montrose, SD 57048
      View Details
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    202 Main St
    Montrose, SD 57048
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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