135 Ctr Ave Philip, SD 57567
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.