700 6th St Freeman, SD 57029-2049
Exceptional commercial opportunity in Freeman, SD, featuring a 5040 sq ft main retail/fulfillment center built in 1995. This building boasts 9' sidewalls, all-metal exterior, central heat/AC, new doors, upgraded parking, new lighting, a security system, 3-phase electric service, a breakroom with appliances, washer/dryer, sink, and two half baths. A loading dock accommodates various vehicle sizes, and multiple ground-level doors enhance accessibility. Adjacent is a renovated 24 x 82 ft building (1950), featuring finished walls, electricity, insulation, heat, a garage door, and additional walk-through doors, ideal for storage or other uses. A third building, a 48 x 30 ft oversized garage (1993), includes two garage doors, a walk-through door, a new metal roof, vinyl siding, and new insulated garage doors with 10' sidewalls. The 1.13-acre lot is zoned General Business District (B2), offering versatility for various business ventures. All three buildings can be utilized together or leased separately to maximize rental income. This property presents a remarkable opportunity for significant return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.