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Property profile & analytics
OFF-MARKET
Commercial real estate

700 6th St Freeman, SD 57029-2049

Individually Owned 6-yr Hold Free & Clear
Property ID
US79-0348519
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 240.40.23.23X
UPID US79-0348519
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Tri St Welding & Metal Fabrication · 6 yrs held
Tri St Welding & Metal Fabrication
since 2020
Last sale
$225,000
3 recorded transactions
2025
Price N/A
2020
$225,000
2018
$170,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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