c.1913 South Dakota Bank For Sale By Owner $55K
$55,000
This South Dakota Bank for sale was originally constructed in 1913 as the Wakonda State Bank, this historic structure served the community as a financial institution under several names until 1961, when it was repurposed as the Wakonda Public Library. After 2006, it transitioned to private commercial use. Showcasing early 20th-century American Commercial architecture with Colonial Revival influences, the building features a striking combination of brown and orange brick, a limestone base, and classical Doric columns, sills, and façade detailing. It earned a place on the National Register of Historic Places in 2003.
Realtor Comments
Former South Dakota bank for sale by owner.
*1 Bedroom
*1 Bath
*840sf
*3500 sf lot
*Build date 1913
118 Ohio Street, Wakonda, South Dakota, 57073 $55,000
Contact Seller: Chan
- Email [email protected]
Pros of Living in South Dakota
1. No State Income Tax
South Dakota is one of the few states that does not levy personal or corporate income tax, making it very attractive for both individuals and businesses.
2. Low Cost of Living
Housing, utilities, and daily expenses are generally more affordable than the national average, especially outside of major cities like Sioux Falls or Rapid City.
3. Beautiful Natural Landscapes
From the Black Hills and Badlands to Mount Rushmore and the Missouri River, South Dakota is ideal for nature lovers, with endless opportunities for hiking, camping, fishing, and hunting.
4. Low Crime Rates
The state consistently ranks below the national average in both violent and property crime, making it a safe place to raise a family or retire.
5. Friendly, Tight-Knit Communities
Residents often mention the strong sense of community, where neighbors know each other and small-town charm is alive and well.
6. Business-Friendly Environment
Thanks to low taxes, fewer regulations, and reasonable real estate prices, South Dakota is considered one of the best states for small businesses and startups.
❌ Cons of Living in South Dakota
1. Harsh Winters
Winters can be long, frigid, and snowy, with temperatures often dropping below 0°F and blizzards not uncommon.
2. Limited Job Market
Outside of sectors like agriculture, healthcare, and tourism, job opportunities can be limited, especially in rural areas.
3. Sparse Population & Rural Isolation
With a small population spread over a large area, rural isolation is a real concern. It can mean longer drives for groceries, healthcare, and other services.
4. Limited Diversity and Entertainment
The state is less culturally diverse, and entertainment options (museums, nightlife, concerts) are more limited compared to urban states.
5. Healthcare Access
In remote areas, access to quality healthcare can be a challenge, with fewer specialists and longer wait times or travel distances.
*
History per NRHP
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
