Property profile

318 2Nd Ave Ipswich, SD 57451

OFF-MARKET
Other land
5,000 SF
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Property summary

AI-generated overview

This commercial property is located on the corner of 2nd Avenue and Main Street in Ipswich, South Dakota. It is a restored, historically significant building that was formerly used as a Masonic Temple and later as a Legion Club and Tiger Post. The structure was designated a nationally recognized historic site in 2020 and is configured as a multi-use venue with approximately 5,000 square feet of space. The building is suited for uses that include restaurant, bar, and entertainment operations, with modern amenities incorporated as part of the restoration and update.

Property profile

Verified
Property type Other land
Total area 5,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

318 2Nd 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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