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211 SE 4th St - Pallimer Land 2.2 Acres of Commercial Land Offered at $650,000 in Madison, SD 57042
Investment Highlights
- Entire city block offers flexible redevelopment options in a central Madison location.
- Development plans are available for review, streamlining project planning.
- Situated within one mile of downtown Madison, promoting connectivity and convenience.
- Former Garfield Elementary School site with utilities readily available at or near the property.
- Easy access to nearby retail destinations such as Dollar General, Lewis Drug, and Montgomery’s Furniture.
- Prominent frontage along SE 4th Street, SE 5th Street, S Harth Avenue, and S Lee Avenue enhances visibility.
Executive Summary
This property offers an entire city block available for sale in Madison, South Dakota. Positioned at the intersection of SE 4th Street and SE 5th Street, it features frontage along S Harth Avenue and S Lee Avenue. The parcel spans approximately 96,000 square feet and previously served as the site of Garfield Elementary School, making it well-suited for redevelopment.
All necessary utilities are stubbed to or near the site, minimizing initial infrastructure costs and expediting construction timelines. The seller can provide development plans upon request, adding further appeal for developers and investors seeking a shovel-ready opportunity. Located less than one mile from Madison’s downtown core, the property offers quick access to essential retail and service destinations including Dollar General, Lewis Drug, Montgomery’s Furniture, and Second Street Diner. The site benefits from proximity to regional connectors and a vibrant mix of residential neighborhoods, ensuring visibility and access to local traffic patterns.
This is an advantageous acquisition for investors and developers seeking significant development potential in a growing community.
All necessary utilities are stubbed to or near the site, minimizing initial infrastructure costs and expediting construction timelines. The seller can provide development plans upon request, adding further appeal for developers and investors seeking a shovel-ready opportunity. Located less than one mile from Madison’s downtown core, the property offers quick access to essential retail and service destinations including Dollar General, Lewis Drug, Montgomery’s Furniture, and Second Street Diner. The site benefits from proximity to regional connectors and a vibrant mix of residential neighborhoods, ensuring visibility and access to local traffic patterns.
This is an advantageous acquisition for investors and developers seeking significant development potential in a growing community.
Property Facts
| Price | $650,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 2.20 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $650,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.20 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $650,000 | Lot Size | 2.20 AC |
| Price Per AC | $294,937.47 |
| Price | $650,000 |
| Price Per AC | $294,937.47 |
| Lot Size | 2.20 AC |
Description
The property occupies a full block within Madison, South Dakota, bordered by SE 4th Street to the north and SE 5th Street to the south, with S Harth Avenue and S Lee Avenue providing west and east frontage. Utilities have been brought to or near the site. The surrounding area includes residential neighborhoods and is located less than one mile from downtown Madison. Retail and service establishments such as Dollar General, Lewis Drug, and Montgomery’s Furniture are nearby.
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 21760-00000-010-10 | Improvements Assessment | $100,300 |
| Land Assessment | $82,800 | Total Assessment | $183,100 |
Property Taxes
Parcel Number
21760-00000-010-10
Land Assessment
$82,800
Improvements Assessment
$100,300
Total Assessment
$183,100
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211 SE 4th St - Pallimer Land