For Lease
$10/SF/YR

309 Main StAberdeen, SD 57401

Prime Downtown Aberdeen Retail Opportunity

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 3,438 square foot retail space is located at 309 S Main Street in Aberdeen, South Dakota, within Brown County's central business district. Built in 1888, the single-tenant property offers a unique blend of historic charm and modern potential. The entire space is currently vacant, presenting a blank canvas for a discerning tenant. The asking rent is $10 per square foot, triple net ($2,865 per month plus expenses), with a minimum three-year lease term. Significant upgrades have already been completed, and an additional $90,000 in tenant improvements is possible with a five-year lease commitment. The property benefits from the ongoing revitalization efforts transforming Aberdeen's downtown area, offering a prime opportunity for businesses seeking high visibility and foot traffic. Showings are available by appointment only, with a four-hour notice required during weekday business hours. The property's zip code is 57401.

Highlights

  • List Price: $10,000,000
  • High-Demand Location: Prime commercial corridor with high foot traffic and visibility.
  • Strong Tenant Occupancy: Building boasts high occupancy rates with stable, long-term tenants.
  • Significant Income Potential: Generates substantial annual net operating income (NOI).
  • Modern Amenities: Features updated systems and attractive common areas.
  • Excellent Investment Opportunity: Offers strong potential for appreciation and cash flow.

Property Details for 309 Main St

Property type
Retail properties
RSF (Rentable sq. ft)
3,438 SF
Year Built
1888

Unit(s) available at that property

Space
Available Space
Size
3,438 SF
Rate per SF
$10

Location Insight

City
Aberdeen
County
Brown
State
South Dakota
Latitude
45.4616947
Longitude
-98.4876609
309 Main St, Aberdeen, South Dakota

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Contacts

Robin Johnson
Robin Johnson
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309 Main St, Aberdeen, South Dakota, 57401

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

309 Main St
  • Robin Johnson
    Robin Johnson
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