502 NE 2nd St, Madison, SD 57042
No Subdivision · Lake County
Key Facts
Description
We are thrilled to present this exceptional 2,298 square foot office space, ideally located on a bustling roadway. This property boasts a DOT-established traffic count of 5,070 cars per day, ensuring maximum exposure and accessibility for your business. The space offers an open floor plan that can be easily tailored to suit various professional needs, whether you envision a collaborative workspace, private offices, or a welcoming reception area. Large windows flood the space with natural light, creating an inviting atmosphere for both clients and staff. Located just blocks from downtown Madison and Dakota State University this is a prime location. Whether you're looking to establish or expand your business, this location is a strategic choice with the potential for growth and visibility. Don’t miss the opportunity to secure a prominent office space in this dynamic community.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1951
Living Area
2,298 sq ft
Lot Size
0.52 acres
Zoning
Commercial
Days on Market
188
MLS® Listing#
22600029
Property Features
- Cooling:
- Central Air
- Heating:
- Natural Gas
- Flooring:
- Vinyl
- Parking:
- Paved
- Construction:
- Frame
- Roof:
- Composition
- Security:
- Smoke Detector(s)
- Utilities:
- Water Available, Natural Gas Available, Sewer Connected
HOA & Tax
- Annual Tax:
- $2,588
- Parcel #:
- 21045-00400-100-20 & 21045-00400-100-10
Directions
Intersection of Hwy 34 and Washington Ave Madison, SD, N on Washington Ave R on NE 2nd to address.
Affordability Calculator
$55,000
Estimated monthly payment
$1,464/mo
Principal $220,000 · Est. interest $306,920 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Madison, SD
- $346,154
- Median Listing Price
- 83
- Median Days on Market
- 1,814
- Median Sq Ft
- $181
- Median Price / Sq Ft
- 37
- Active Listings
- This home’s price is 21% below the area median.
- Its price per sq ft is 34% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Madison, SD.
Location
- 502 NE 2nd St, Madison, SD 57042
Nearby Schools
St Thomas School
School · 0.4 mi away
Madison Public Schools
School · 0.6 mi away
Madison High School
Secondary · 0.6 mi away
Madison Middle School
Secondary · 0.6 mi away
Madison Elementary School
Elementary · 0.9 mi away
Madison Christian School
School · 1.7 mi away
Rutland Isd 39-4
School · 9.0 mi away
Rutland High School - 01
Secondary · 9.0 mi away
Oldham-Ramona High School - 01
Secondary · 9.6 mi away
Chester Area School
School · 11.5 mi away
Chester Middle School/High School
Secondary · 11.5 mi away
Chester Middle School - 03
Secondary · 11.5 mi away
Chester Elementary School
Elementary · 11.7 mi away
Spring Lake Colony Elementary
Secondary · 16.0 mi away
Howard Elementary School
Elementary · 20.9 mi away
Howard High School
Secondary · 21.0 mi away
Tri-Valley School District 49-6
Elementary · 21.1 mi away
Tri-Valley High School - 01
Secondary · 21.1 mi away
Montrose MS 03
Secondary · 21.7 mi away
Montrose School
School · 21.7 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Madison
Listing Courtesy: Signature Realty Group LLC
Last Updated: 2026-01-02