106 E Dakota Ave Pierre, SD 57501
Pierre AreaEstimated payment $5,066/month
About This Lot
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 Details
Property Type
- Land
Est. Annual Taxes
- $3,479
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,999 | $382,500 | $30,900 | $351,600 |
| 2024 | $2,546 | $365,500 | $30,900 | $334,600 |
| 2023 | $2,546 | $329,900 | $30,900 | $299,000 |
| 2022 | $2,243 | $294,400 | $30,900 | $263,500 |
| 2021 | $1,819 | $272,000 | $30,900 | $241,100 |
| 2020 | $1,616 | $248,100 | $30,900 | $217,200 |
| 2019 | $1,297 | $230,700 | $30,900 | $199,800 |
| 2018 | $1,720 | $225,600 | $30,900 | $194,700 |
| 2017 | $1,741 | $224,300 | $30,900 | $193,400 |
| 2016 | $1,561 | $205,900 | $30,900 | $175,000 |
| 2014 | $1,537 | $204,800 | $30,900 | $173,900 |
| 2013 | $1,519 | $199,600 | $30,900 | $168,700 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/18/2026 04/18/26 | For Sale | $1,200,000 | -- | -- |
Source: Black Hills Association of REALTORS®
MLS Number: 88485
APN: 6972
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