Pierre, SD Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Pierre, South Dakota Market population: 14K. Explore income-producing properties with verified cap rates and...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Pierre SD Properties: 1.1800%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Pierre SD
Common questions from investors exploring commercial real estate in Pierre SD.
What is the overall investment potential of Pierre, SD, considering its demographic and economic factors?
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Pierre, SD, with a population of 13,803 and a median age of 39.9, presents a stable investment market, given its median household income of $55,063 and a relatively low poverty rate of 12.3%, which is further bolstered by a high health insurance coverage rate of 92.9%, indicating a stable and secure tenant base.
How does the ethnic diversity and industry mix in Pierre, SD, impact the demand for real estate investments?
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The city's ethnic diversity, led by White (45.7%) and Native American (4.2%) populations, combined with its top industries in Professional, Scientific, & Management, and Finance & Insurance, suggests a diverse and potentially growing demand for housing, especially considering the short average commute time of 8.8 minutes and the prevalence of drove alone and carpooled commute methods.
What are the implications of the poverty rate and health insurance coverage on the quality of tenants in Pierre, SD?
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The 12.3% poverty rate in Pierre, SD, when considered alongside the high health insurance coverage rate of 92.9%, suggests a working-class market with a degree of employment stability, which can be attractive for investors looking for reliable tenants, and this stability is further reinforced by the low average commute time and high homeownership rate of 65.0%.
How do the median property value and property taxes in Pierre, SD, compare to other investment considerations like industry and commute times?
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With a median property value of $160,300 and median property taxes of $3,656, Pierre, SD, offers a relatively affordable investment landscape, especially when considering the strong presence of professional and financial industries, which can support rental demand, and the exceptionally short average commute time of 8.8 minutes, which enhances the quality of life and potentially the property's value.
What role does the GINI coefficient and employment population play in assessing the investment risk in Pierre, SD?
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The GINI coefficient of 0.436, indicating a moderate level of income inequality, combined with an employed population of 7,741, suggests that while there are differences in income levels, the overall employment rate supports a stable economic base, which is crucial for real estate investment, and this stability is further supported by the diverse top industries and the high health insurance coverage rate, making Pierre, SD, an attractive location for investment.
Pierre SD Real Estate & City Facts
Key facts and real estate information about Pierre SD.
What are some of the best neighborhoods to live in Pierre?
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Some of the best neighborhoods to live in Pierre include Neltom, LaFramboise Island, and Farm Island. These areas are known for their quiet and friendly atmosphere, with well-kept homes and a peaceful environment. Additionally, the west parts of the city tend to be more desirable, while the east regions offer more affordable housing options.
What are some fun things to do in Pierre?
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There are plenty of fun things to do in Pierre, including visiting the State Capitol, the South Dakota Cultural Heritage Center, and the Oahe Dam. You can also explore LaFramboise Island, Farm Island, and the Fort Pierre National Grasslands. If you're looking for some outdoor activities, you can check out the Dunes Golf Complex or attend an Oahe Zap baseball game at Hyde Stadium.
What is the food scene like in Pierre?
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The food scene in Pierre offers a variety of options, including Mad Mary's Steakhouse & Saloon, which serves up elegant and laid-back dining experiences. You can also try some Indian tacos, a South Dakota delicacy, at local restaurants like Silver Spur Restaurant. Additionally, there are plenty of great food trucks and concession stands, such as the one at Hyde Stadium, that offer a range of delicious food options.
What are the pros and cons of living in Pierre?
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The pros of living in Pierre include its quiet and friendly neighborhoods, outdoor recreational opportunities, and a growing food scene. However, some cons include the limited job opportunities and a relatively small population, which may not be ideal for everyone. Additionally, the city's remote location may make it difficult to access certain amenities or services. Overall, Pierre is a great place to live for those who value a peaceful and natural environment, but may not be the best fit for those looking for a more urban or fast-paced lifestyle.
Is Pierre a good place to live?
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Pierre can be a good place to live for those who appreciate a quiet and natural environment, with plenty of outdoor recreational opportunities. The city has a growing food scene and a strong sense of community, with friendly neighborhoods and a relatively low cost of living. However, it may not be the best fit for everyone, particularly those looking for a more urban or fast-paced lifestyle. Ultimately, whether Pierre is a good place to live depends on your individual preferences and priorities.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Pierre SD Commercial Property: $55,063
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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