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    OFF-MARKET
    Retail properties & Spaces

    200 Chestnut Ave, Ipswich, SD 57451

    12,000 SF 12 ac lot Built 2022
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail property, located at 200 Chestnut Avenue in Ipswich, South Dakota, presents a unique investment opportunity. Built in 2022, the 12,000 square-foot building boasts a modern and functional design, ideal for a variety of retail uses. The spacious interior features a finished layout, including a sizable shop area measuring 60 feet by 120 feet. The high ceilings, with a 16-foot sidewall, and four 14-foot overhead doors provide ample space and accessibility for merchandise handling and storage. The concrete floor is equipped with a drain for easy cleaning and maintenance. Heating is provided by two hanging furnaces, ensuring comfortable year-round operation. Convenient office space is included, complete with a full bathroom featuring a shower, and a dedicated conference room for meetings and client interactions. The property sits on a substantial 12-acre lot, offering ample parking and potential for expansion. The gravel lot provides convenient access, and the property benefits from prominent Highway 45 frontage, ensuring high visibility and accessibility for customers. The asking price for this turnkey retail space is $630,000. This property is situated in Edmunds County, South Dakota, with a zip code of 57451. The geographic coordinates are 45.438854 latitude and -99.028729 longitude.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2022
    Total area 12,000 SF
    Lot 12 ac (522,720 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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