32940 289Th St, Dallas, SD 57529
This exceptional 160-acre property in Tripp County, South Dakota, near Dallas (57529), presents a unique investment opportunity. Zoned AG, the land boasts abundant wildlife, including deer and pheasants, making it an ideal hunting destination. A significant feature is the 7-bedroom, 3-bathroom lodge, currently generating income through VRBO and Airbnb rentals, providing a lucrative off-season revenue stream. The property also includes a variety of outbuildings, enhancing its functionality and storage capacity. These include a 23x22 metal building, a 20x20 garage, a 20x31 barn equipped with dog kennels and game cleaning facilities, a 24x24 metal building, and a 23x16 metal building. Adding to its appeal, the property's size qualifies for a landowner deer tag. Further enhancing the natural beauty, approximately 6,000 trees have been planted, providing excellent cover for wildlife. A flowing creek traverses the property, creating a picturesque and thriving habitat. The asking price is $800,000, at $5,000 per acre. Access is via Dallas, SD and Hwy 18 west to 329th Ave, south to 290th St. The lodge is located east on 290th St. This property offers a blend of recreational enjoyment and income potential, making it an attractive investment for discerning buyers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty 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.