-- M Square Commercial successfully closed the sale of a 9,014-square-foot retail property at 1400 W Cedar Street in Beresford, South Dakota.
Originally developed as a Dollar General in 2006, the property was sold to O’Reilly Auto Enterprises, LLC for future redevelopment. M Square Commercial represented the seller, Hutton Basecamp, LLC, with local brokerage support from Charlie Sparks of Yale Realty Advisors, Inc.
The site, located along Beresford’s key commercial corridor, benefits from strong traffic counts, flexible General Business (GB) zoning, and immediate access to Interstate 29. The combination of location, visibility, and zoning flexibility made the property an attractive opportunity for repositioning within the expanding Sioux Falls metropolitan region.
"This transaction reflects the continued investment interest we’re seeing in secondary and tertiary growth markets like Beresford," said Brittany Megrath, CCIM, Managing Broker of M Square Commercial. "Properties with strong fundamentals like this one offer compelling value to operators looking to expand service-based retail footprints."
Beresford, positioned between Sioux Falls, SD and Sioux City, IA, has experienced steady growth thanks to strategic transportation access, supportive local policies, and infrastructure investments. The city's location along major highways and proximity to labor markets make it an increasingly attractive target for retail and service-based commercial investments.
O’Reilly Auto Enterprises plans to revitalize the former Dollar General site, bringing new retail activity to Beresford’s primary commercial corridor. The property's General Business zoning supports a wide range of retail and automotive uses, adding long-term value for the buyer.
M Square Commercial's strategic marketing approach and collaboration with local broker Charlie Sparks helped ensure broad market exposure and an efficient, competitive sale process. The sale highlights the firm's expertise in positioning value-add retail properties for maximum return in growth-oriented secondary markets.
For more details on this transaction, visit the full case study: https://msquarecommercial.com/retail-property-sale-beresford-sd
About M Square Commercial
M Square Commercial is a national commercial real estate brokerage firm specializing in value-add dispositions, retail property sales, and development advisory. The firm represents private investors, developers, and institutions in strategic real estate transactions across the U.S.
About Us: US Commercial Lending News delivers expert reporting and industry analysis across commercial real estate, lending, banking, finance, and investment sectors. From interest rate trends to major acquisitions and market-shaping technologies, our coverage connects decision-makers to the insights that drive the future of business and investment.
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