Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner-Lot Flex and Storage Property Title is generated by Realmo AI

    19 5th Avenue, Ipswich, SD 57451

    View on Map
    Claim this Listing
    For Sale
    $594,000

    COMMERCIAL - Ipswich, SD

    Property size:
    4,000 SF
    Price / SF:
    $148/SF
    Added:
    Apr 10, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 19 5th Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    4,000 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 1-5 NW-27-123-68 W400' OF N350' OF LOT 1
    Tax Annual Amount
    3035

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Melanie R Bobby

    Listing agent Melanie R Bobby License #14771

    Listing office Century 21 Northern Advantage 1708 8th AVE NE, Aberdeen, SD

    Listing date Apr 10, 2026

    MLS# 26-225

    Copyright © 2026 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.

    HighLights

    • High visibility corner‑lot location with 350 feet of highway frontage on the main road.
    • Flexible use options for retail, light industrial, warehouse, or service businesses.
    • Includes land and multiple buildings, offering ample indoor and outdoor storage space.
    • Suitable for entrepreneurs, tradesmen, and contractors.
    • Includes a storefront and multiple shops.
    • Features a vintage sign adding character.

    Overview

    This corner-lot commercial property includes land and multiple buildings, with a mix of storefront space and multiple shops. The site also offers both indoor and outdoor storage options, which can support a variety of day-to-day operational needs. The property’s former lumber yard use is reflected in the overall site buildout and storage-oriented configuration, and it also includes a vintage sign on-site.

    The buildings are positioned along the main road through town with approximately 350 feet of highway frontage, providing straightforward visibility and customer or delivery access. The property is located at 19 5th Avenue in Ipswich, South Dakota, in Edmunds County.

    For buyers seeking a flexible workspace that can accommodate retail front activity and service or light industrial operations, this layout offers multiple building options rather than a single tenant-style footprint. The combination of storefront and shops, along with indoor and outdoor storage, may fit contractors, trades-oriented businesses, and other users who need a functional mix of customer-facing space and practical storage on the same property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store 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
    -99.023777
    Latitude
    45.447595

    Nearby Similar for Sale

    • $7,250,000

      Feedlot and Crop Acreage Land

      Agricultural property with permitted feeder cattle capacity and on-site processing facilities, water supply, and housing.
      36168 138th Street, Ipswich, SD 57451
      View Details
    • $2,500
      2,100 SF

      Restaurant and Motel Property

      Equipped restaurant bar plus operable motel suite with bedroom, bath, and kitchen near high-traffic highway.
      36275 US-12, Ipswich, SD 57451
      View Details

    FAQs

    What type of property is this?
    Flex space - Corner-lot property with multiple buildings and indoor/outdoor storage, supported by substantial highway frontage for visibility and access.
    Where is this flex space located?
    The property is located at 19 5th Avenue Ipswich, SD.
    What is the asking price?
    The asking price for this property is $594,000.
    What are key features of this property?
    This property features: High visibility corner‑lot location with **350 feet of highway frontage** on the main road.; Flexible use options for retail, light industrial, warehouse, or service businesses.; Includes land and multiple buildings, offering **ample indoor and outdoor storage space**.
    (605) 225-7179
    We can help!
    Listing Contact
    Melanie R Bobby
    Real Estate License ID: 14771
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    19 5th Avenue, Ipswich, SD 57451
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!