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Property profile & analytics

46992 271st St Tea, SD 57064-8114

  • Commercial real estate
  • 0.99 lot acres
OFF-MARKET
Value Estimation
$285,000
Location Intelligence
Property ID
US79-0029460
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

  • The Big Dill / Bar / Casino

Property Details for 46992 271st St

Lot size
0.99 lot acres
Zone code
MUNICIPALITY
Property type
Commercial real estate
APN
240.96.64.D01A
APU
2409664D01A

Description

This exceptional retail opportunity is located in the thriving city of Tea, South Dakota, at 46992 271st Street. The property, built in 2024, offers a total of 6,800 square feet of first-generation retail space, divided into three suites. Two suites are currently available for lease, individually or combined. Suite A offers 2,223 square feet, while Suite B provides 2,159 square feet. The maximum contiguous space available is 4,382 square feet, offering flexibility for various retail concepts. This prime location boasts excellent visibility and accessibility, situated along high-traffic Gateway Boulevard (271st Street), experiencing over 12,000 vehicles daily. The property's convenient location provides easy access to I-29, ensuring strong customer reach. Ample parking is available for customers and employees. For qualified tenants, tenant improvement allowances are available to customize the space to meet specific business needs. This property presents a unique opportunity to establish a successful retail presence in a rapidly growing community within Lincoln County. The minimum divisible space is 2,159 square feet.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $320,000
  • CAP approach

    CAP return
    Estimation
    6%
    $255,000
    6.5%
    $240,000
    7%
    $240,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $210,000
    Geo Method
    $210,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $245,000
    Retail
    $240,000
    Mixed-Use
    $250,000
    Hospitality
    $225,000
    Educational
    $215,000
    Residential Income
    $195,000
    Energy
    $250,000
    Income-Based Land
    $225,000
    Food Service
    $250,000

Location Insight

  • Map
  • Local Demand
City
Tea
County
Lincoln
State
South Dakota
Longitude
-96.8081
Latitude
43.4616
CBSA code
43620
CBSA name
SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

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
$4,970
$152,460
$57,084
$209,544
-
$0.00
$0.00
$0.00
More about this property
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