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103 E Main , Elk Point, SD 57025

$515,000

14,000
sqft
1974
year built

This very well maintained building offer's 4 rental units, main floor restaurant rents for $1,500 per month, basement rents for $475 per month, 1 apt.rents for $ 1,000 per month and 1 apt. rents for $ 800 per month. All stoves and refrigerators stay and tables and chairs in basement. This investment property also includes a Liquor license. All tenants pay their own Utilities.

Highlights

  • Commercial Sale
  • Built in 1974
  • 143 days on Market

  • Year Built
    1974
  • Stories
    2.0
  • Living Area
    14000.0
  • Cooling
    Central Air
  • Heating
    Forced Air

  • Water
    Public

  • County
    Union
  • City
    Elk Point
  • Zip Code
    57025
  • High School
    Elk Point
  • Middle School
    Elk Point
  • Elementary School
    Elk Point

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Frequently Asked Questions

How do I schedule a tour of 103 E Main?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 103 E Main.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 103 E Main?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $515,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Elk Point, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 103 E Main?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 103 E Main at around $2,986. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 103 E Main?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Union County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 103 E Main?

In most cases, yes. Whether 103 E Main is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Elk Point's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 103 E Main?

We can handle that for you. Our preferred local agent specializes in commercial sales in Elk Point and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $515,000 with 14,000 sqft of space—that comes out to approximately $37 per square foot.

How long has this property been on the market?

103 E Main was listed on June 18, 2026, which means it's been on the market for 143 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1974, making it approximately 52 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Elk Point
  • Middle: Elk Point
  • High: Elk Point

Want to see how these schools compare? Check out our Union County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 103 E Main?

The most recent public record shows annual property taxes for 103 E Main were approximately $2,318. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 103 E Main still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Northwest Iowa Regional Board of REALTORS. All rights reserved.

Last Updated: November 08, 2026 at 08:35AM | Source: Northwest Iowa Regional Board of REALTORS | MLS#: 833460