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    11498 363Rd Ave Leola, SD 57456

    For Sale
    $299,000

    Commercial Building - Leola, SD

    Property size:
    4,191 SF
    Lot size:
    2.88 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 15 at 4:06 am

    Property Features for 11498 363Rd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    8838
    Parking features
    Garage
    Size
    4,191 SF
    Lot size
    2.88 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2012
    Year renovated
    2012
    Floors in Building
    1
    Flooring type
    Tile
    Roof type
    Metal
    Architectural style
    Other

    Leola Realty (605) 377-4291

    Listing agent Ronda Geffre (605) 377-4291

    Listing date Nov 12, 2025

    MLS# 11293568 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leola Commercial Building with Established Business

    This multi-use commercial property in Leola, SD, features an established grocery store and cafe. Constructed in 2012, the 4,191 square-foot building is located at the intersection of SD State Highways 10 & 45, situated on 2.88 acres on the edge of town. The building is divided into two sections, one housing a full grocery store and the other a commercial kitchen, cafe, dining room, and bar, each with separate entrances but under the same ownership. The grocery store serves as the only one within a 20-mile radius, while the cafe provides breakfast and lunch. The building includes in-floor heating, forced air propane heat, and central air cooling. The exterior features metal clad siding and a metal roof. Ample parking is available for vehicles and semi-trailers, with two drive-through exits onto the highways. The sale includes all equipment necessary to operate the businesses, such as a 24-door cooler/freezer, five compressors, shelving, and full kitchen and cafe equipment. Additional amenities include an owner-owned ATM, a SD Lottery License for scratch tickets and Lottery, a credit card machine, and a city Malt Beverage & SD Wine License. The property also features a large walk-in cooler, a walk-in freezer, an office, a utility/mechanical room, a compressor room, two dry storage rooms, and two large ADA-accessible restrooms. This is a lock, stock, and barrel sale, including the 2.88 acres at a prime intersection location, the 4,191 square-foot building, and its contents, excluding the inventory cost of grocery and cafe food supplies, which will be determined at closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leola
    County
    McPherson
    State
    South Dakota
    Longitude
    -98.930031
    Latitude
    45.722955

    FAQs

    What type of property is this?
    Grocery and convenience store - Turnkey multi-use property with grocery store and cafe.
    Where is this grocery and convenience store located?
    The property is located at 11498 363Rd Ave Leola, SD.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Turnkey, multi-use property with established grocery store and cafe businesses included.; - Prime location at the intersection of two state highways (SD 10 & 45) on 2.88 acres.; - Only grocery store within a 20-mile radius.
    (605) 377-4291
    Request Owner's contact information
    11498 363Rd Ave Leola, SD 57456
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    Leola, SD 57456
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11498 363Rd Ave Leola, SD 57456
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