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    106 Ctr Ave Philip, SD 57567

    For Sale
    $320,000

    Established Restaurant, Fully Equipped, Heart of Philip

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This turnkey restaurant opportunity in Philip, South Dakota presents a unique chance for culinary entrepreneurs. Located at 106 N Center Avenue, this property boasts a fully equipped commercial kitchen, ready for immediate operation. The kitchen is well-maintained and includes all necessary equipment for a diverse menu, from casual fare to more sophisticated dishes. The interior has recently been freshly painted, creating a clean and inviting atmosphere for diners. Ample indoor seating is complemented by a charming outdoor seating area, perfect for enjoying pleasant South Dakota evenings. The building sits on a 0.1-acre lot, providing convenient access and visibility in the heart of Philip. This established space eliminates the lengthy and often costly build-out process, allowing for a swift transition into ownership and immediate revenue generation. The asking price is $320,000. This represents a significant opportunity to acquire a thriving business in a welcoming community, ready to serve its residents and visitors. The property's central location ensures high visibility and accessibility, making it an ideal investment for those seeking a profitable and established restaurant venture. Don't miss this chance to realize your culinary vision.

    Property Features for 106 Ctr Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,356 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Philip
    County
    Haakon
    State
    South Dakota
    Longitude
    -101.664
    Latitude
    44.03954

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, Fully Equipped, Heart of Philip
    Where is this commercial real estate located?
    The property is located at 106 Ctr Ave Philip, SD.
    What is the asking price?
    The asking price for this property is $320,000.
    (605) 786-8679
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    106 Ctr Ave Philip, SD 57567
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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
    106 Ctr Ave Philip, SD 57567
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