200 Main AveLemmon, SD 57638

Property Details for 200 Main Ave

Year built

1982

Lot size

0.40 AC

Property size (Sq ft)

7,815 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

01-0101-014-0012-000-0-0-00000

APU

9223372036854775807

Description

This exceptional mixed-use property, located at 200 Main Avenue in Lemmon, South Dakota, presents a compelling investment opportunity. The building, constructed in 1967, boasts a substantial 7,015 square feet of space, all on one story. Priced affordably at $149,000, this translates to a price per square foot of just $21.24. Previously occupied by Benny's Restaurant, the property offers significant potential for a variety of commercial uses. Its spacious layout and versatile design make it ideal for a restaurant, retail space, or numerous other businesses. The building's prime location in Lemmon, South Dakota, within Perkins County, zip code 57638, ensures high visibility and accessibility. This single-building property represents a rare chance to acquire a large, established commercial space in a thriving community. The building's size and location make it an attractive proposition for entrepreneurs seeking to establish a presence in Lemmon. Serious inquiries are encouraged to explore the full potential of this remarkable commercial property. The property is situated at 45.9427631 latitude and -102.1589796 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $2,744,780

  6.5%

  $2,533,643

  7%

  $2,352,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,171,353

  Geo Method

  $1,627,102

• Alternative Use

  Use

  Valuation

  Residential

  $2,137,223

  Hospitality

  $1,957,685

  Educational

  $1,628,771

  Medical

  $1,684,786

  Retail

  $2,533,643

Location Insight

City

Lemmon

County

Perkins

State

South Dakota

Latitude

45.9427

Longitude

-102.159

Property Tax & Assessments

FAQs

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