515 Main St, Webster, SD 57274
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515 Main St,Webster, SD 57274
$125,000
- 3 Beds
- 3 Baths
- 4,500 sq. ft.
- Single family
- Active
Listed by: rene meyerCell: 605-430-9256
Office: exp realty
MLS#:22608072
Source:SD_RASE
Price summary
- Price:$125,000
- Price per sq. ft.:$18.52
About this home
It took a good 6 months to clear out of the owners items and now it is ready for a new owner
You wont find a property so versitile with so many possibilities. Call for a personal tour, as the pictures do not show the possiblities. Must see it for yourself. Location, location and location, you dont get much better than a Main Street location for a small business and the small town of Webster, a nice home town feel.
See your dream vision, business/use. Whether you need office space, retail business, restaurant/burgers, hair salon, capsule hotel, or what ever small business you have in mind. This is a great retail location for a business, with all the lakes around webster, many hunters and fishermen and campers end up in the area. A great business opportunity. Rated G for general commercial, which can be commercial, residential or both. Estimated value for the building used commercially totally fixed is around $350k to $525,000 and it needs work but dont let that scare you, lots of potential. Every use is different and the numbers make financial sense.
It also has history, an olde world tartaria style brick downtown building, with hard wood floors underneath the carpet. Remove the 1970s drop ceiling and bring back the 14' ceilings elevating the space. Space in back for a deck/garage area, approx 3-4 parking spaces, enough room for an RV in back. It needs work but it can definitely be a show stopper with someone willing to put in some work. It was groseks tire shop, the mayors dad owned it for a time, It was a small Sears location with appliances in the basement, in the past. The reason for the ramps on the stairs. with 4500 sf of space between the first floor and basement. Much more room than it appears.
The front commercial window needs replacing, the back wall of the building needs attention, has an issue where the wall and roof meet. See the plastic sheet in the back room and the back door needs replacing. The old outdated furnace was removed, needs a new furnace/AC installed, solid foundation. This building needs someone to love it and see its hidden beauty and history.
I would replace the back outer wall and put in windows and a glass garage door for freight and bring light into the space, modify it while its fixed and make it better, most of the walls do not go to the ceiling and have been added later so that means they are not load bearing and can come out. You could split the space in half and lease out part and bring in extra income, or have half commercial in front and residential in back. The possibilities are endless
The retail price of most buildings in this area is 325-350k and we estimated an as is price of $175,000 with the work that it needs and the price is set at $125,000. You wont find a better deal for a commercial or residential location. SOLD AS IS....
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Home facts
- Year built:1920
- Subdivision & Development:Other - Outside Jurisdiction
- Listing ID #:22608072
- Added:1 day(s) ago
- Updated:October 23, 2026 at 03:18 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Half bathrooms:3
- Rooms Total:13
- Living area:4,500 sq. ft.
Structure and exterior
- Year built:1920
- Building area:4,500 sq. ft.
- Lot area:0.08 Acres
Schools
- High school:Webster HS
- Middle school:Webster MS
- Elementary school:Webster Area Elementary Webster Area 18-5
Finances and disclosures
- Price:$125,000
- Price per sq. ft.:$18.52
- Tax amount:$626
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