106 E Dakota Ave
- • 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).
Property 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $900,000 |
| No. of Units: | 1 |
| Year Built: | 1886 |
| Lot Size: | 0.08 Acres |
| Opportunity Zone: | No |
| Price per unit: | $900,000 |
| Property Website | Click Here |
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