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    Madison, SD
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    Madison, SD Retail Properties & Spaces for Sale

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    Multifamily Property in Madison, SD
    Updated: Nov 21, 2025
    Multifamily Property in Madison, SD

    210 Center Street West, Madison, SD 57042

    $2,500,000
    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Madison, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Gas Station with Multi-Use Space
    Gas Station with Multi-Use Space

    241 N Nebraska St, Salem, SD 57058

    $500,000
    5,500 sqft 0.57 AC lot

    A single commercial property currently combines fuel retail, food service, lounge, casino, and vehicle storage functions.

    View details
    Mixed-Use Commercial Building
    Mixed-Use Commercial Building

    241 N Nebraska St, Salem, SD 57058

    $500,000
    5,500 sqft

    Versatile commercial property combining retail, food service, lounge, gaming, and vehicle storage functions.

    View details
    Mixed-Use Bar, Restaurant and Convenience Store
    Mixed-Use Bar, Restaurant and Convenience Store

    407 Bill Davis Street, Egan, SD 57024

    Contact for pricing

    Combined hospitality, retail, and fuel operation with event space, commercial kitchen, and convenience-store amenities.

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    Gas Station with Bar and Restaurant
    Gas Station with Bar and Restaurant

    407 Bill Davis St Hwy 34 St, Egan, SD 57024

    $650,000
    0.75 AC lot

    Combined fuel, convenience, dining, and beverage operation with outdoor event space.

    View details

    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.

    Fenced Commercial Land
    Fenced Commercial Land

    4th St, Dell Rapids, SD 57022

    $79,900
    0.32 AC lot

    Commercial parcel with Central Business zoning and chain-link fencing in Dell Rapids.

    View details
    Commercial Land with Utilities
    Commercial Land with Utilities

    600 E Quartzite St, Dell Rapids, SD 57022

    $269,900
    1.03 AC lot

    General Business-zoned commercial parcel with public water and sewer stubbed to the site.

    View details

    Off-Market Properties in Madison, SD

    Consider similar Off-Market properties in Madison, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    34 S & Sd Hwy
    Retail properties & Spaces

    34 S & Sd Hwy, Madison, SD 57042

    Value Estimation by Request
    14,000 sqft
    View details

    Madison, SD Retail Properties & Spaces Market Trends and Statistics

    Explore 2 retail properties & spaces for sale in Madison, SD on our real estate platform.

    Sale prices for stores in Madison, SD average $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Automotive properties 1

    Demographics Overview

    Population 7,900
    Population Growth (5Y) -15.4%
    Median Household Income $68,672
    College Educated 47.5%

    High-Yield Neighborhoods for Investment

    Identify Madison submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    57042 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.65%
    Property Tax per SF $1.74 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

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