Individually Owned 
For Sale
Property summary
This exceptional investment opportunity presents a five-unit apartment building located at 605 Main Ave, Lemmon, South Dakota, 57638. The property, built in 1930, boasts a total of 2,688 square feet situated on a generous 1.72-acre lot (75,140 square feet). The two-story building comprises five units: four one-bedroom apartments (three currently rented), one unfinished two-bedroom garden apartment, and one unfinished one-bedroom main floor apartment. Renovation of the unfinished units… presents a significant value-add opportunity. The property features a full poured basement and coal heating. The total number of bedrooms across all units is six, and there are five full bathrooms. This multifamily property offers a compelling investment prospect with the potential for substantial returns. The existing rental income, combined with the potential for increased revenue from the completion of the unfinished units, makes this a strong contender for investors seeking a hands-on project with high return potential. The property's location in Lemmon, Perkins County, South Dakota provides a stable market for rental properties. This is a rare chance to acquire a well-located, multi-unit building with significant upside. Asking price is $100,000.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2021
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,344 SF
- Lot area
- 0.24 ac
- Year built
- 1932
- Stories
- 2
- APN
- 01-0105-002-0002-000-0-0-00000
- Assessed value · 2023
- $63,530
- Annual tax · 2021
- $346
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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