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    318 2Nd Ave Ipswich, SD 57451

    For Sale
    $295,000

    Commercial - Ipswich, SD

    Property size:
    5,000 SF
    Days on Market:
    14
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 318 2Nd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    5,000 SF

    Building Details

    Year built
    1922
    Architectural style
    Other

    C-21 INVESTMENT-REALTORS(r) (605) 225-7179

    Listing agent Trent Osborne (605) 225-7179 License #21379

    Listing date Dec 1, 2025

    MLS# 25-500 Listing URL

    Copyright © 2025 Aberdeen Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ipswich Restaurant, Bar & Entertainment

    Located on the corner of 2nd Avenue and Main Street in Ipswich, South Dakota, the 1922 Pub & Grub offers a commercial space suitable for various business ventures. This property, with a size of 5,000 square feet, presents a turn-key opportunity for entrepreneurs. The building, formerly a Masonic Temple, Legion Club, and the Tiger Post, was designated a nationally recognized historic site in 2020. It has been restored and updated into a multi-use venue with modern amenities. This property is suitable for a restaurant, bar, or entertainment venue.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ipswich
    County
    Edmunds
    State
    South Dakota
    Longitude
    -99.027436
    Latitude
    45.44549

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      Ipswich Office/Retail Suite For Sale

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    FAQs

    What type of property is this?
    Turn key restaurant - Turn-key restaurant and bar opportunity in Ipswich, South Dakota.
    Where is this turn key restaurant located?
    The property is located at 318 2Nd Ave Ipswich, SD.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Turn-key restaurant, bar, and entertainment venue opportunity.; - High-visibility corner location at 2nd Avenue and Main Street.; - Fully restored and thoughtfully updated commercial space.
    (605) 225-7179
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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
    318 2Nd Ave Ipswich, SD 57451
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