318 2Nd Ave, Ipswich, SD 57451
This exceptional 5,000 square foot commercial property, located at 318 2nd Avenue in Ipswich, South Dakota (zip code 57451), presents a unique investment opportunity. Originally serving as a Masonic Temple, Legion Club, and Tiger Post, this historically significant building, registered as a nationally recognized historic site in late 2020, boasts a rich and vibrant past. Extensive restoration has preserved its original charm while incorporating modern amenities. The property currently houses the 1922 Pub & Grub, a testament to quality craftsmanship and unique design. The establishment features a dedicated Tiger Arcade & Lounge for children, and a Pub located on an upper deck. The main floor offers a fully functional kitchen and bar, equipped to serve a large capacity, complete with a hand-crafted bar and tables. A chef-designed kitchen ensures efficient food preparation. This versatile property, situated on the corner of 2nd Avenue and Main Street, offers significant potential for a variety of commercial uses, capitalizing on its prime location and historical significance. The property is listed at $389,000 and is zoned for commercial use. The property is located in Edmunds County.
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
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Property description
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