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    326 Broadway Ave Valley Springs, SD 57068

    Sponsored
    For Sale
    $525,000

    10,500 SF, Multi-Tenant, High-Income Potential

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,500 square foot mixed-use property in Valley Springs, South Dakota, presents a compelling value-add investment opportunity. Located at 326 Broadway Ave, 57068, on a busy intersection, this property boasts ample parking and offers significant income potential. The building currently comprises four distinct spaces: a 4,500 square foot vacant former bar/casino space (easily convertible to a smaller bar and additional industrial space), a 1,500 square foot vacant shop, and two additional 2,500 and 2,000 square foot shops currently leased month-to-month, generating a combined annual gross pro forma income of $45,600. The property's pro forma NOI is $40,505, resulting in a 7.72% cap rate. The asking price is $525,000, or $50 per square foot. The 4,500 square foot former bar space offers the potential for significant redevelopment, allowing for a reduction in bar space to 1,500 square feet and the conversion of 3,000 square feet back to industrial use. An adjacent 1,500 square foot space presents an additional expansion opportunity. The property sits on a 19,600 square foot lot and features a net rentable area of 4,500 square feet. This versatile property is ideal for both investors seeking strong returns and owner-occupants looking for a multi-faceted business venture. The current lease structure is gross, with multiple tenants. This is a rare opportunity to acquire a well-located, income-producing property with substantial upside potential in a growing market.

    Property Features for 326 Broadway Ave

    General Information

    Property type
    Restaurants
    Square Feet
    10,500 SF

    Building Details

    Units
    4

    HighLights

    • $525,000 asking price; $50/SF. 10,500 SF mixed‑use building with former bar/casino space.
    • $45,600 annual projected gross income.
    • Four units: 4,500 SF vacant former bar (convertible to 1,500 SF bar and 3,000 SF industrial); 1,500 SF vacant shop; two 2,500 and 2,000 SF shops leased month‑to‑month.
    • Ample parking; located on a busy Valley Springs intersection; adjacent 1,500 SF space offers expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    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

    FAQs

    What type of property is this?
    Restaurant - 10,500 SF, Multi-Tenant, High-Income Potential
    Where is this restaurant located?
    The property is located at 326 Broadway Ave Valley Springs, SD.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $525,000 asking price; $50/SF. 10,500 SF mixed-use building with former bar/casino space.; $45,600 annual projected gross income.; Four units: 4,500 SF vacant former bar (convertible to 1,500 SF bar and 3,000 SF industrial); 1,500 SF vacant shop; two 2,500 and 2,000 SF shops leased month-to-month.
    Request Owner's contact information
    326 Broadway Ave Valley Springs, SD 57068
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    Valley Springs, SD 57068
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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
    326 Broadway Ave Valley Springs, SD 57068
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