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Property profile & analytics
FOR SALE
Commercial real estate

417 Main Ave Lemmon, SD 57638

6,308 SF 0.32 ac lot Built 1999
Entity Owned Free & Clear
Property ID
US79-0538378
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1999
Total area 6,308 SF
Lot 0.32 ac (13,939 SF)
APN 01-0101-009-0021-000-0-0-00000
UPID US79-0538378
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k
Owner & transaction history
GEOS CORNER LLC
GEOS CORNER LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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