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    135 Ctr Ave Philip, SD 57567

    Sponsored
    For Sale
    $265,000

    Turnkey Variety Store, Inventory Included

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 135 S Center Avenue in Philip, South Dakota, presents a unique opportunity for entrepreneurs. Currently operating as a thriving variety store, this turnkey business includes all existing inventory, estimated at over $500,000, allowing for immediate operation. The building itself sits on a one-acre lot and offers significant space for retail operations. A functional manual elevator provides convenient access to a spacious open basement, ideal for storage or expansion. The property's central location in Philip ensures high visibility and excellent foot traffic, maximizing potential for success. The existing business model provides a proven foundation, but the versatile space also lends itself to a variety of other retail or commercial uses. This is a rare chance to acquire a well-established business with substantial inventory already in place, eliminating the significant startup costs associated with new ventures. The combination of a prime location, existing inventory, and functional building makes this an exceptional investment opportunity. This property is ready for a new owner to step in and continue its success or to adapt it to a new vision.

    Property Features for 135 Ctr Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Philip
    County
    Haakon
    State
    South Dakota
    Longitude
    -101.6644
    Latitude
    44.0391

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Variety Store, Inventory Included
    Where is this commercial real estate located?
    The property is located at 135 Ctr Ave Philip, SD.
    What is the asking price?
    The asking price for this property is $265,000.
    (605) 786-8679
    Request Owner's contact information
    135 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
    135 Ctr Ave Philip, SD 57567
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