200 Montana Avenue Lead SD 57754 MLS #83794

200 Montana Avenue
Lead, SD, 57754
$1,690,000
Beds
0 Baths
15,727 SqFt
0 Acres
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Listed by Jeremy Kahler, KWBH, 605-381-7500. Great opportunity to add to your investment portfolio- 23 unit apartment complex with 100% occupancy in Lead, SD with consistent rental history and great potential to expand! *Property is all on one level, with zero-entry access for easy accessibility, and complies with most ADA requirements *This one building facility has 14 studio apartments, 6- 1 bed/1 bath units and 3- 2 bed/1 bath units *Each apartment has a kitchen/kitchenette space, bathroom with walk in shower and separate heating/cooling units *On-site coin operated laundry room *Safety features include: secured entry, video surveillance and an internal sprinkler system *Common spaces include: rest rooms, communal seating areas (inside and out), rec rooms and storage areas *Front office space for onsite management *Manicured exterior with sprinkler maintained lawn and landscaping, outdoor seating areas and a walkway around the building *Flat private parking lot (1 space/unit) plus 6 assigned covered parking spaces *Great potential to expand- property has multiple storage spaces, public restrooms, a commercial kitchen, set up for an in-house barber shop, and space for potential unit expansion. Centrally located behind Lynns Dakota Mart grocery store. **Seller will consider doing owner financing**

Property Details

Price:
$1,690,000
MLS #:
83794
Status:
Active
Baths:
0
Type:
Multi Family
Neighborhood:
lead
Listed Date:
Apr 7, 2025
Finished Sq Ft:
15,727
Year Built:
2002
Lead

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Schools

Interior

BASEMENT/SUBSTRUCT
Slab
COOLING
Refrig. Wall Unit
HEATING
Electric, Cove

Exterior

EXTERIOR
Outbuildings, Paved Street
PARKING
Paved, Common, Covered Parking

Financial

Map

Community

Market Summary

Current real estate data for Multi Family in Lead as of Dec 07, 2025
2
Multi Family Listed
180
Avg DOM
107
Avg $ / SqFt
$1,044,950
Avg List Price

Property Summary

    200 Montana Avenue Lead SD is a Multi Family for sale in Lead, SD, 57754. It is listed for $1,690,000 To schedule a showing of MLS#83794 at 200 Montana Avenue in Lead, SD, contact your Dakota Home and Ranch Real Estate agent at 605.645.8983.

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