South Dakota Commercial Real Estate Market Report

As of September 2026 · 196 active listings across 42 cities

Active listings
196
For sale
196
Median asking price
$578K
Avg. advertised cap rate
7.00%
New in last 30 days
0
Submarkets
42
Inventory by property type
  • Land86 · 44%
  • Retail36 · 18%
  • Multifamily22 · 11%
  • Office15 · 8%
  • Industrial13 · 7%
  • Special Purpose13 · 7%
  • Hospitality4 · 2%
  • Mixed Use3 · 2%
Asking price distribution (for sale)
Low $32KMedian $578KHigh $172M

Based on 158 listings that publish an asking price.

Recent market activity
  • New in last 30 days0
  • New in last 90 days196
  • Sold or leased (180 days)0

Market analysis — September 2026

Commrty is tracking 196 active commercial real estate listings in South Dakota. The deepest inventory sits in land (86), retail (36), multifamily (22).

Across listings that disclose pricing, the median asking price is $578K, the median advertised cap rate is 7.00%.

0 listings were added in the last 30 days and 196 in the last 90, a rough read on how quickly inventory is turning over in this market.

Figures are computed from active listings published on Commrty as of September 2026 and describe listed inventory, not the entire market.