200 Montana Avenue, Lead, SD 57754

$2,000,000

bedrooms

bathrooms

square feet

15,727

Acreage

Open Houses

year built

2002

Full Baths

Half Baths

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Listed by Jeremy Kahler, KWBH, 605-381-7500. Great opportunity to add to your investment portfolio- 23 unit apartment complex in Lead, SD with consistent rental history and great potential to expand! *Based on projections and current rent amounts, occupancy to be about 96% *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.

Location
Subdivision	-
County	-
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 83794

Listing agent: Jeremy Kahler

Listing broker: Keller Williams Realty Black Hills (605) 343-7500

Copyright © 2025 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 15 2025 at 9:07 a.m. EDT

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