115 Main StAberdeen, SD 57401

For Sale
$550,000

High-Return Retail Storefront

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A retail storefront, located at 115 S Main St, Aberdeen, SD 57401, presents a unique sale/leaseback investment opportunity. The 6,164 square foot property, built in 1937, boasts a 100% occupancy rate and a substantial NOI of $268,377, translating to a compelling 48.80% cap rate and a price per square foot of $89.23. The single-unit building sits on commercially zoned land and is currently operating as a thriving novelty store. This prime downtown Aberdeen location offers significant potential for continued growth and profitability. The property features one story and is situated in Brown County. The asking price is $550,000. This is a rare chance to acquire a well-established, high-performing retail asset in a desirable location. The property's strong financial performance and prime location make it an attractive investment for discerning buyers seeking a high-return opportunity in the South Dakota market. Serious inquiries only.

Highlights

  • Class A retail storefront, 6,164 square feet, located at 115 S Main St, Aberdeen, SD 57401.
  • 100% occupancy, $268,377 NOI, 48.80% cap rate, $89.23/SF.
  • Single-tenant building on commercially zoned land, currently operating as a novelty store.
  • Asking price: $550,000.

Property Details for 115 Main St

Property type
Lifestyle centers, Power centers
Square Feet
6,164 SF
Class
A
Year Built
1937
Buildings
1
Stories
1
Units
1

Location Insight

City
Aberdeen
County
Brown
State
South Dakota
Latitude
45.4635098
Longitude
-98.4876645
115 Main St, Aberdeen, South Dakota

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115 Main St
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