Lake County, SD Residential Income Properties for Sale

$2,500,000

Multifamily Property in Madison, SD

210 Center St West, Madison, SD 57042

Former high school converted to multifamily with underground parking.

New roof (2023‑2024) and renovated parking garage (Fall 2024)
Institutional quality solid construction
Diverse unit mix: one, two‑bedroom units, some with vaulted ceilings
Large underground garage with 31 stalls
Stable tenant mix (primarily 55+)

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$420,000

4,032 SF

Versatile Shop/Living Space Near Lake

45920 237Th St, Wentworth, SD 57075

Contractor/hobby shop with living quarters near Lake Madison.

Large (42x96) Contractor/Hobby Shop/"Shouse" Building with 14ft Sidewalls and Multiple Overhead Doors for Drive‑Through Access.
Living Quarters (42x48) in Rear with In‑Floor Heat, Kitchenette, ¾ Bathroom, and Laundry Hook‑ups.
Front Half (42x48) is Finished with Vaulted Ceilings and Wired for RV Hookup with 200 Amp Electrical Service.
Security System: Indoor‑Outdoor Video Security System with Door & Window Sensors Monitored 24/7.
Convenient Location Near Lake Madison and Walkers Point with Easy Access to Boat Ramp.

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Based on your search, we've compiled 3 Potential Opportunities for your consideration. Besides 2 Active listings in Lake County, SD, we suggest exploring several alternatives: plus 1 Land Listings that present a potential for development.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$185,000

Pending

Land with Shop and Buildings

Over one acre with shop, buildings, and city utilities.

303 S Division Ave, Madison, SD 57042

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Lake County, SD Residential Income Properties Investment Opportunities Market Analysis

Explore 2 residential income properties for sale in Lake County, SD on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,920,000.

Prices for residential income properties in Lake County, SD start at $420,000, averaging $1,460,000, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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Lake County, SD Residential Income Properties for Sale

Multifamily Property in Madison, SD

Former high school converted to multifamily with underground parking.

Versatile Shop/Living Space Near Lake

Contractor/hobby shop with living quarters near Lake Madison.

Potential Development Sites for Consideration

Land with Shop and Buildings

Lake County, SD Residential Income Properties Investment Opportunities Market Analysis

Browse Residential income properties for Sale Near Lake, SD

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