515 Main St, Webster, SD 57274
Local realty services provided by:CENTURY 21 Advantage
515 Main St,Webster, SD 57274
$155,000
- 3 Beds
- 3 Baths
- 4,500 sq. ft.
- Single family
- Active
Listed by: rene meyer
Office: exp realty
MLS#:22507492
Source:SD_RASE
Price summary
- Price:$155,000
- Price per sq. ft.:$22.96
About this home
The best business opportunity i have seen, 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 i estimate it needs at least 30k of work and modify it how you want for your needs. Plenty of built in equity. Every use is different but the numbers make financial sense. Spend more or less, depending on how much you customize, but numbers are in the buyers favor and you can make it what you wish.
It also has history, an olde world tartaria style brick downtown building, with hard wood floors underneath the carpet and 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 The old outdated furnace was removed, needs a new furnace/AC installed. 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
We have removed most of the owners items so you can 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. Sold AS IS....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:22507492
- Added:177 day(s) ago
- Updated:March 27, 2026 at 02:28 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:$155,000
- Price per sq. ft.:$22.96
- Tax amount:$626
New listings near 515 Main St
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.