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    FOR SALE
    Commercial real estate

    514 S Washington Ave, Madison, SD 57042

    Entity Owned Free & Clear
    Property ID
    US79-0170709
    Property summary
    AI-generated overview

    This exceptional 1.18-acre mixed-use property, located at 514 S Washington Ave in Madison, South Dakota, presents a remarkable redevelopment opportunity for discerning investors and entrepreneurs. Boasting nearly 200 feet of highway frontage on Washington Avenue, this parcel enjoys exceptional visibility and accessibility, ensuring high traffic exposure for any future business venture. The property's previous use as a restaurant and plumbing shop demonstrates its versatility and adaptability to a wide range of commercial applications. The expansive lot size offers ample space for new construction or significant renovation, allowing for the creation of a custom-designed facility tailored to specific business needs. Currently zoned as highway business, this property is ideally suited for a variety of commercial uses, making it an attractive investment with significant potential for growth and return. The strategic location in Madison, SD, provides access to a thriving local market and convenient connections to regional transportation networks. This is a rare chance to acquire a highly visible and versatile property in a desirable location, ready for its next chapter. Don't miss this opportunity to capitalize on the potential of this prime commercial real estate.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 21420-00200-000-10
    UPID US79-0170709
    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
    Current use
    Occupant on record · Public records
    • Washington Lofts Apartment Building
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    H5 LLC
    H5 LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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