Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    427 2nd St Madison, SD 57042-2004

    • Commercial real estate
    • 1,800 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US79-0580949
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 427 2nd St

    Year built
    1940
    Property size
    1,800 SF
    Property type
    Commercial real estate
    APN
    21040-01100-140-10
    APU
    210400110014010

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    South Dakota
    Longitude
    -97.1197
    Latitude
    44.0068

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $927
    $31,400
    $14,500
    $45,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      12.02 Acres

      1021 10th St

      COMMERCIAL (GENERAL) • 12.02 Acres
      1021 10th St, Madison, SD 57042-3201
      View Details
    • Value Estimation by Request

      1020 1st St

      COMMERCIAL (GENERAL)
      1020 1st St, Madison, SD 57042-2620
      View Details
    • Value Estimation by Request

      45493 234th St

      COMMERCIAL (GENERAL)
      45493 234th St, Madison, SD 57042-6780
      View Details
    • Value Estimation by Request

      502 2nd St

      COMMERCIAL (GENERAL)
      502 2nd St, Madison, SD 57042-2348
      View Details
    • Value Estimation by Request

      321 3rd St

      COMMERCIAL (GENERAL)
      321 3rd St, Madison, SD 57042
      View Details
    • Value Estimation by Request

      325 4th St

      COMMERCIAL (GENERAL)
      325 4th St, Madison, SD 57042-3415
      View Details

    Similar Nearby for Sale

    • $114,900
      0.31 Acres

      Commercial Land on Washington Avenue

      Commercial land with utilities on a busy road in Madison.
      400 S Block Washington Ave, Madison, SD 57042
      View Details
    • New
      $79,900
      1.00 Acre

      Residential Land Near Lake Herman

      One-acre residential lot near Lake Herman and Madison.
      2122 Harvest Crk Ln, Madison, SD 57042
      View Details
    • $185,000
      Pending

      Land with Shop and Buildings

      Over one acre with shop, buildings, and city utilities.
      303 S Division Ave, Madison, SD 57042
      View Details
    • $77,700
      1.19 Acres

      Residential Land Near Lake Herman

      Residential lot near Lake Herman, Madison Golf and Country Club.
      2008 Harvest Crk Ln, Madison, SD 57042
      View Details
    • $2,500,000

      Multifamily Property in Madison, SD

      Former high school converted to multifamily with underground parking.
      210 Center St West, Madison, SD 57042
      View Details
    • $378,500
      2,568 SF

      Established Bar and Restaurant For Sale

      Profitable bar and restaurant in growing community near college campus.
      123 SW 1St St, Madison, SD 57042
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    427 2nd St
    Madison, SD 57042-2004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.