Turnkey Downtown Investment Opportunity 106 E Dakota Ave Pierre, SD Located in the heart of South Dakotaâ??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 â?? 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 â?? 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 youâ??re expanding your portfolio, seeking a live-work setup, or investing in South Dakotaâ??s most stable market, 106 E Dakota Ave delivers prime location, multiple income streams, and long-term growth potential.
Pierre is located in South Dakota. Pierre, South Dakota has a population of 14,126. Pierre is less family-centric than the surrounding county with 23.67% of the households containing married families with children. The county average for households married with children is 27.46%.
The median household income in Pierre, South Dakota is $73,787. The median household income for the surrounding county is $77,725 compared to the national median of $69,021. The median age of people living in Pierre is 39.4 years.
The average high temperature in July is 89.6 degrees, with an average low temperature in January of 9.4 degrees. The average rainfall is approximately 18.4 inches per year, with 34.5 inches of snow per year.
