Property profile

200 Chestnut Ave Ipswich, SD 57451

OFF-MARKET
Retail properties & Spaces
12,000 SF 12 ac lot Built 2022
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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

Location

200 Chestnut Ave Ipswich, SD 57451
Ipswich metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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