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Property profile

309 S Main St Aberdeen, SD 57401

Commercial real estate
Property ID
US79-0317814
View Sample
2,400 SF
Individually Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 3,438 square foot retail space is located at 309 S Main Street in Aberdeen, South Dakota, within Brown County's central business district. Built in 1888, the single-tenant property offers a unique blend of historic charm and modern potential. The entire space is currently vacant, presenting a blank canvas for a discerning tenant. The asking rent is $10 per square foot, triple net ($2,865 per month plus expenses), with a minimum three-year lease term. Significant upgrades have already been completed, and an additional $90,000 in tenant improvements is possible with a five-year lease commitment. The property benefits from the ongoing revitalization efforts transforming Aberdeen's downtown area, offering a prime opportunity for businesses seeking high visibility and foot traffic. Showings are available by appointment only, with a four-hour notice required during weekday business hours. The property's zip code is 57401.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 2,400 SF
APN 9464
UPID US79-0317814

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Interior Design Home Decor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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