515 Main St Webster, SD 57274
Estimated payment $874/month
Highlights
- Wood Flooring
- Webster Area High School Rated 9+
- No HOA
About This Home
The best business opportunity i have seen, rated G for general commercial, which can be commercial, residential or both. Estimated value for the building used commercially totally fixed is around $350k to $525,000 and i estimate it needs at least 30k of work and modify it how you want for your needs. Plenty of built in equity. Every use is different but the numbers make financial sense. Spend more or less, depending on how much you customize, but numbers are in the buyers favor and you can make it what you wish. It also has history, an olde world tartaria style brick downtown building, with hard wood floors underneath the carpet and remove the 1970s drop ceiling and bring back the 14' ceilings elevating the space. Space in back for a deck/garage area, approx 3-4 parking spaces, enough room for an RV in back. It needs work but it can definitely be a show stopper with someone willing to put in some work. It was groseks tire shop, the mayors dad owned it for a time, It was a small Sears location with appliances in the basement, in the past. The reason for the ramps on the stairs. with 4500 sf of space between the first floor and basement. Much more room than it appears. The front commercial window needs replacing, the back wall of the building needs attention, has an issue where the wall and roof meet. See the plastic sheet in the back room and the back door needs replacing. The old outdated furnace was removed, needs a new furnace/AC installed. This building needs someone to love it and see its hidden beauty and history. I would replace the back outer wall and put in windows and a glass garage door for freight and bring light into the space, modify it while its fixed and make it better, most of the walls do not go to the ceiling and have been added later so that means they are not load bearing and can come out. You could split the space in half and lease out part and bring in extra income, or have half commercial in front and residential in back. The possibilities are endless We have removed most of the owners items so you can see your dream vision, business/use. Whether you need office space, retail business, restaurant/burgers, hair salon, capsule hotel, or what ever small business you have in mind. This is a great retail location for a business, with all the lakes around webster, many hunters and fishermen and campers end up in the area. Sold AS IS.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $626
Year Built
- Built in 1920
Lot Details
- 3,550 Sq Ft Lot
- Lot Dimensions are 25' x 142'
Home Design
- Brick Exterior Construction
Interior Spaces
- 4,500 Sq Ft Home
- Multi-Level Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Schools
- Webster Area Elementary Webster Area 18-5
- Webster Middle School
- Webster High School
Additional Features
- City Lot
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- Other Outside Jurisdiction Subdivision
Map
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/25/2026 02/25/26 | Price Changed | $155,000 | -6.1% | $34 / Sq Ft |
| 01/16/2026 01/16/26 | Price Changed | $165,000 | -5.7% | $37 / Sq Ft |
| 10/01/2025 10/01/25 | For Sale | $175,000 | -- | $39 / Sq Ft |
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22507492
APN: 78.01.0905
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Ask me questions while you tour the home.