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106 E DakotaPierre, SD 57501

$900,000List price
2,230Sq Ft
1886Year built
0.50Acre lot
3Stories
5 months agoOn market

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.vPositioned 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

Property Information

Property type
Commercial Sale
Sub-type
Business
Year built
1886
Stories
3
Living area
2,230 Sq Ft
Lot size
0.50 acres
Days on market
159
MLS® Listing#
88485

Property Features

Basement
Full · Partially Finished
Construction
Frame

Directions

From downtown Pierre, head to E Dakota Ave. Property is located on the north side of E Dakota Ave in the downtown business district.

Listing Courtesy: eXp Realty

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than EXIT Realty Black Hills are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright ©2026 Mount Rushmore Area Association of REALTORS®, Inc. Multiple Listing Service. All rights reserved.

  • $900,000

    Similar

    2,230 Sq Ft

    106 E DakotaPierre, SD 57501#178542

    ActiveCommercial Sale5 months36 photos

  • $1,500,000

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    351 S Pierre StreetPierre, SD 57501#26-56

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    200 W Pleasant DrivePierre, SD 57501#26-223

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  • $445,500

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    333 W Dakota AvenuePierre, SD 57501#26-142

    ActiveCommercial Sale4 months53 photos

Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
106 E DAKOTA, Pierre, SD$900,000——2,230

Connect with a Local Real Estate Expert

  • Linnea Bulyca

    Sales Representative

    EXIT Realty Black Hills

  • Ray Moore

    Sales Representative

    EXIT Realty Black Hills

  • Hadass Negi

    Associate Broker

    EXIT Realty Black Hills

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Black Hills Association of REALTORS®. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Copyright ©2026 Black Hills Association of REALTORS®. All rights reserved.
Listings courtesy of Central South Dakota BOR. IDX information is provided exclusively 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 Deemed Reliable But Not Guaranteed.