508 Main St Lead, SD 57754
Property profile & analytics
508 Main St Lead, SD 57754
- Showrooms
- 1,512 SF
- 0.12 lot acres
Property ID
US79-0132662
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.
Location Intelligence
Current Use by Public Records
- Showrooms
Property Details for 508 Main St
- Year built
- 1969
- Lot size
- 0.12 lot acres
- Property size
- 1,512 SF
- Property type
- Showrooms
- APN
- 31090-02900-020-00
- APU
- 310900290002000
Description
This exceptional investment opportunity presents a thriving downtown Lead laundromat situated on a 0.04-acre lot at 508 Main Street. The property boasts a long-standing history as a beloved local business, ensuring a consistent revenue stream. A recent renovation has added a secondary lease space, significantly increasing the property's income potential. This newly remodeled area offers flexibility for various uses, potentially expanding the laundromat's operations or serving as independent rental units. Furthermore, a new office space is included, providing additional rental income opportunities. The existing tenants in the back areas may have the option to continue their leases, with terms to be negotiated with the new owner. This presents a unique chance to acquire a turnkey operation with immediate income generation and significant upside potential through further development or lease management. The property is priced at $499,000 and offers a compelling blend of established business and flexible rental spaces in a prime downtown location. The size of the building is not specified in the provided information. This presents a rare opportunity to own a piece of Lead's vibrant commercial landscape. Serious inquiries are encouraged.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lead
- County
- Lawrence
- State
- South Dakota
- Longitude
- -103.769
- Latitude
- 44.3521
- CBSA code
- 43940
- CBSA name
- SPEARFISH, SD MICROPOLITAN 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
2022
$1,353
$13,000
$52,780
$65,780
-
$0.00
$0.00
$0.00
