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Listed byMICHELLE CHENOWETH • EXP REALTY
$900,000
Est. payment /mo
2,230 SqFt
Active
106 E DAKOTA Pierre, SD 57501
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,230 sqft
Price per Sqft $403
MLS Listing ID 178542
HOA Y/N No
Year Built 1886
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Commercial
Property Description
Turnkey Downtown Investment Opportunity | 106 E Dakota Ave | Pierre, SD Located in the heart of South Dakota's capital city, 106 E Dakota Ave offers a rare opportunity to acquire both a well-positioned commercial building and an operating business in downtown Pierre — with additional income-producing residential space above.vPositioned just steps from the State Capitol, government offices, retail shops, restaurants, and professional services, this property benefits from consistent foot traffic, a strong daytime workforce, and the year-round economic stability that comes with being in the center of state government activity.The main level features a well-maintained commercial space designed for efficient business operations with excellent street visibility along Dakota Avenue. This is an ideal setup for an owner-operator or investor seeking a turnkey acquisition with immediate income potential. Bonus Income Potential – 4 Bed | 2 Bath Apartment Above the commercial space is a spacious 4-bedroom, 2-bathroom apartment offering exceptional flexibility and additional revenue opportunities. The residential unit could be utilized as: A long-term rental for stable monthly income A short-term rental (Airbnb/VRBO) catering to government visitors, contractors, and tourism traffic Owner-occupant housing with business below Employee or executive housing The combination of commercial business income plus residential rental income creates a diversified investment opportunity rarely available in downtown Pierre. Whether you're expanding your portfolio, seeking a live-work setup, or investing in South Dakota's most stable market, 106 E Dakota Ave delivers prime location, multiple income streams, and long-term growth potential.
Location
State SD
Area Other
Zoning General Commercial
Exterior
Parking Features 1-10
Utilities Available Natural Gas Connected, Electricity Connected
View Y/N Yes
Building
Story 2
Sewer Public Sewer
Water Public
Others
Security Features Smoke Detector(s),Fire Alarm
Schools and Properties Nearby