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Mitchell, SD Multifamily Home for Sale

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    $850,000

    • 5,376 Sq Ft

    1101 S Lawler St, Mitchell, SD 57301

    Spectacular multi-family investment: newly-completely townhome four-plex. All 4 units are approx. 1,344 sq ft, 3-bdrms/2-bths w/ 15'x30' attached garages, spacious closets, separate utility meters, vinyl plank flooring, stainless steel appliances, window treatments, & private laundry in each unit. Seller has not started leasing units, giving a buyer flexibility to set rental rates.

    Brian Eliason Janklow Eliason Real Estate

    1101 S Lawler St, Mitchell, SD 57301

Why Live in Mitchell

Mitchell, South Dakota, is a community with deep agricultural roots, best exemplified by The World's Only Corn Palace, a unique venue adorned with grain murals. With a population of over 15,000, Mitchell is experiencing growth and development, including a new $500 million soybean plant set to open in 2025. Housing options range from historic homes dating back to the 1880s to modern residences along Lake Mitchell, with new multi-family housing projects underway. The Mitchell School District is highly rated, and the city is investing in educational infrastructure, including a new high school. Mitchell hosts Dakotafest, a major agricultural trade show that significantly boosts local tourism. Downtown features Italianate architecture with various small shops, while larger chain stores are located in the southern part of the city. Recreational attractions include Lake Mitchell, offering hiking, fishing, and camping, and Hitchcock Park, which has an aquatic center. The city is situated at the intersection of Interstate 90 and South Dakota Highway 30, approximately 70 miles from Sioux Falls. Infrastructure improvements are ongoing, focusing on water sources, sewers, and downtown enhancements. Mitchell experiences warm summers and cold winters, with an average of 40 inches of snow annually. The area is in Tornado Alley, with historical tornado events. Crime rates have decreased recently, aligning with state trends.

Home Trends in Mitchell, SD

Housing Trends

Median Sale Price
$217,750
Median Single Family Sale Price
$225,000
Median 2 Bedroom Sale Price
$295,000
Average Price Per Sq Ft
$137
Number of Homes for Sale
17
Last 12 months Home Sales
224
Months of Supply
0.90
Median List Price
$228,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
12%
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