417 Main Ave Lemmon, SD 57638
For Sale
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This exceptional Lemmon, South Dakota commercial property, located at 417 Main Ave, presents a lucrative investment opportunity. The 6,308 square foot building, constructed in 1988, sits on a 0.32-acre lot and is zoned for commercial use. Currently operating as a multifaceted business, the property includes a well-established gas station with updated pumps, a convenience store, and a video lottery lounge, all contributing to a strong revenue stream. An adjacent laundry mat provides additional income potential. The single-story building is impeccably maintained, offering a clean and inviting atmosphere for customers. A two-stall attached garage, previously used for auto service, adds versatility and further income possibilities. The asking price is $315,000, translating to $50 per square foot. This turnkey operation is ready for a new owner to capitalize on its established success and diverse income streams. The property's prime Main Street location in Lemmon, SD (zip code 57638) ensures high visibility and accessibility. Don't miss this chance to acquire a thriving, established business with significant upside potential.
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.