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200 Montana Avenue, Lead, SD 57754

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For Sale

$2,000,000

15,727 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $127.17
    Price per square foot

  • 21-30 Years Old
    Age

Explore this Property

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.
MLS# 83794

Courtesy Of Keller Williams Realty Black Hills

(605) 343-7500

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Security System, Security System
  • Appliances
    Refrigerator
  • Architecture Style
    Other

Map and Directions

Directions to 200 Montana Avenue, Lead, SD 57754

Home seller CENTURY 21 Associated Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Associated Realty

(605) 578-1417
Learn More About Us

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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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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