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Property profile & analytics
OFF-MARKET
Commercial real estate

135 Ctr Ave Philip, SD 57567

1 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 1 ac (43,560 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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