Dakota Ave- Pierre SD
Turnkey Downtown Investment Opportunity | 106 E Dakota Ave | Pierre, SD
Marketing description
Turnkey Downtown Investment Opportunity | 106 E Dakota Ave | Pierre, SD
Located in the heart of South Dakota’s capital city, 106 E Dakota Ave offers a rare opportunity to acquire both a well-positioned commercial building and an operating business in downtown Pierre — with additional income-producing residential space above.
Positioned just steps from the State Capitol, government offices, retail shops, restaurants, and professional services, this property benefits from consistent foot traffic, a strong daytime workforce, and the year-round economic stability that comes with being in the center of state government activity.
The main level features a well-maintained commercial space designed for efficient business operations with excellent street visibility along Dakota Avenue. This is an ideal setup for an owner-operator or investor seeking a turnkey acquisition with immediate income potential.
Bonus Income Potential – 4 Bed | 2 Bath Apartment
Above the commercial space is a spacious 4-bedroom, 2-bathroom apartment offering exceptional flexibility and additional revenue opportunities. The residential unit could be utilized as:
A long-term rental for stable monthly income
A short-term rental (Airbnb/VRBO) catering to government visitors, contractors, and tourism traffic
Owner-occupant housing with business below
Employee or executive housing
The combination of commercial business income plus residential rental income creates a diversified investment opportunity rarely available in downtown Pierre.
Whether you’re expanding your portfolio, seeking a live-work setup, or investing in South Dakota’s most stable market, 106 E Dakota Ave delivers prime location, multiple income streams, and long-term growth potential.
Investment highlights
106 E Dakota Ave | Pierre, SD
• Prime Downtown Location – Located in the heart of South Dakota’s capital city, just steps from the State Capitol, government offices, retail, dining, and professional services.
• Dual Income Streams – Commercial business on the main level plus a 4-bedroom, 2-bath residential apartment above creates diversified revenue potential.
• Established Operating Business Included – Turnkey opportunity allowing for immediate operational continuity and cash flow.
• Value-Add Rental Opportunity – Spacious upstairs apartment can be utilized as:
Long-term rental for stable monthly income
Short-term rental (Airbnb/VRBO) targeting government visitors and tourism
Owner-occupant live/work setup
• Strong Market Stability – Pierre’s economy is anchored by state government employment, providing consistent foot traffic and economic resilience.
• Excellent Street Visibility – Prominent frontage along Dakota Avenue with convenient customer access.
• Live-Work Flexibility – Ideal for entrepreneurs seeking to operate their business below while living above.
• Limited Downtown Inventory – Rare opportunity to acquire mixed-use property with business included in South Dakota’s capital city.
• Multiple Exit Strategies – Operate the business, lease the commercial space, rent both units, or sell separately in the future (subject to configuration).
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