Listing Agency: ASCEND REALTY INC. Show Phone

Listed By: HENRY ULRICH III Show Phone

Source: Exprealty

Added: Oct 9, 2025 Changed: Jul 10 Last Checked: Jul 31 at 5:54PM

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Investment Insights

Based on property information with market context.

This turnkey restaurant space is set up for immediate operation, with a well-maintained kitchen and included equipment. The dining area has been freshly painted, supporting a clean, ready-to-open environment. The property also provides both indoor and outdoor seating, and the layout is flexible for a range of restaurant concepts.

Located in the center of Philip, the space benefits from a central, visible setting on N Center Ave. The combination of indoor and outdoor seating supports customer flow and adaptable service during different conditions.

For a buyer or operator looking to avoid starting from scratch, the included kitchen equipment and turnkey configuration can help streamline the transition to a new business. With an accommodating dining layout and outdoor seating included, the space is positioned to support both casual dining and more specialized menu formats.

Key Highlights

• Fully equipped restaurant space with kitchen equipment included
• Updated, freshly painted dining area
• Includes both indoor and outdoor seating

Property Analytics

Property Profile

Current Use

Conventional restaurants

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

180

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 57567, SD

1,376

Population

556

Households

2.5

Avg Household Size

45

Median Age

14%

College-Educated

97%

High-School Grad

968.7 sq mi

ZIP Area

1

Density / Sq Mi

$55,542

Median Household Income

$40,125

Median Earnings

$739

Median Rent

$181,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Fully equipped restaurant with updated dining and both indoor and outdoor seating, ready for immediate operation.

Where is this conventional restaurant located?

The property is located at 106 N Center Ave Philip, SD.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: Fully equipped restaurant space with kitchen equipment included; Updated, freshly painted dining area; Includes both indoor and outdoor seating