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120 E 1st #116, Tea, SD 57064

$1,125

1978
year built

Highly visible, clean retail/office space on main thoroughfare in Tea. Open floor plan with in-suite restroom and mechanical/storage area. Lit pylon signage available. Excellent parking ratio of 1:195 with 28 paved spaces on south side of building and 10 employee spaces on north side of building. Great exposure on primary east/west street in Tea. Ownership includes a licensed real estate agent in the state of South Dakota.

Highlights

  • Commercial Sale
  • Retail
  • Built in 1978
  • 0.4914 Acre Lot
  • 44 days on Market

  • Year Built
    1978
  • Parking Features
    Paved
  • Flooring
    Concrete
  • Security Features
    Security Lights
  • Cooling
    Central Air
  • Heating
    Natural Gas, Central

  • Acres
    0.4914
  • Utilities
    Water Available, Natural Gas Available, Sewer Connected


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Frequently Asked Questions

How do I schedule a tour of 120 E 1st #116?

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 120 E 1st #116.

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 120 E 1st #116?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,125. We can talk through recent upgrades, potential seller motivation, how this retail compares to others in Tea, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 120 E 1st #116?

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 120 E 1st #116 at around $6. 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 120 E 1st #116?

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 Lincoln 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 120 E 1st #116?

In most cases, yes. Whether 120 E 1st #116 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Tea'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 120 E 1st #116?

We can handle that for you. Our preferred local agent specializes in commercial sales in Tea 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.

How long has this property been on the market?

120 E 1st #116 was listed on September 24, 2026, which means it's been on the market for 44 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 1978, making it approximately 48 years old.

What is the lot size of this property?

120 E 1st #116 sits on a 0.49-acre lot, which is 21,344 square feet.

Is 120 E 1st #116 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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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of REALTOR® Association of the Sioux Empire, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright © 2026 REALTOR® Association of the Sioux Empire, Inc. All rights reserved.

Last Updated: November 07, 2026 at 06:05AM | Source: REALTOR Association of the Sioux Empire | MLS#: 22607426