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    312 Broadway Ave Valley Springs, SD 57068

    Sponsored
    For Lease
    $72 SF/Yr

    Prime location, versatile spaces, high rental income.

    Lot size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Valley Springs, SD property presents a unique investment opportunity encompassing 4,500 square feet of versatile commercial space. Located on a main road with ample parking, the property comprises multiple units currently generating substantial rental income. The main building features a thriving bar, restaurant, and casino occupying 1,500 square feet, currently leasing for $27,000 per month. An additional 3,000 square feet, currently used as industrial space integrated with the restaurant, offers significant expansion potential. A separate 1,500 square foot shop, identified as "312 Shawd Shop," is also available, currently leased for $9,000 per month. The property's diverse layout, high rental income, and prime location in Minnehaha County make it an ideal investment for a savvy entrepreneur seeking multiple revenue streams. The existing businesses provide a strong foundation for continued success, while the expansive space allows for creative adaptation and future growth. This multi-use property offers endless possibilities for expansion and customization, making it a truly remarkable opportunity in the vibrant Valley Springs market. The property is situated near Jackson Street, providing excellent visibility and accessibility. The total building size is 4,500 square feet, with the current tenants operating under a multiple tenancy agreement.

    Property Features for 312 Broadway Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF
    Total Rate
    27000

    Unit(s) available at that property

    Space
    312 Shawd Shop
    Size
    1,500 SF
    Rate per SF
    $72
    Space
    316-320 Bar and Restaurant
    Size
    4,500 SF
    Rate per SF
    $72

    HighLights

    • 4,500 SF multi‑tenant building in Minnehaha County, SD.
    • Located on a main road in Valley Springs, SD, with ample parking.
    • Property includes a 1,500 SF shop (312 Shawd Shop) currently renting for $9,000/month.
    • Also includes a 4,500 SF bar/restaurant/casino (316‑320) with 1,500 SF dedicated to the bar/casino and 3,000 SF used as additional restaurant space, currently renting for $27,000/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Auto Repair Shop HVAC Service Bar & Pub Storage Facility Daycare Center Tattoo & Piercing Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Valley Springs
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.468423315831
    Latitude
    43.58267213415

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    FAQs

    What type of property is this?
    Restaurant - Prime location, versatile spaces, high rental income.
    Where is this restaurant located?
    The property is located at 312 Broadway Ave Valley Springs, SD.
    What is the lease rate?
    The lease rate is $72 SF/Yr.
    What are key features of this property?
    This property features: 4,500 SF multi-tenant building in Minnehaha County, SD.; Located on a main road in Valley Springs, SD, with ample parking.; Property includes a 1,500 SF shop (312 Shawd Shop) currently renting for $9,000/month.
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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
    312 Broadway Ave Valley Springs, SD 57068
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