202 Main St, Montrose, SD 57048
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.
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
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.