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    Property profile & analytics

    306 4th St Chester, SD 57016

    • Commercial real estate
    • 2,004 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US79-0384804
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 306 4th St

    Year built
    1961
    Property size
    2,004 SF
    Property type
    Commercial real estate
    APN
    01480-00800-120-20
    APU
    14800080012020

    Description

    This exceptional mixed-use property at 306 4th St, Chester, SD, presents a unique investment opportunity in a thriving community. The 0.18-acre lot houses a building currently configured as a successful Farmhouse Cafe occupying half the space. The remaining half is ready for immediate occupancy by a new business or can be leased for additional rental income. Each half boasts separate entrances, reflecting its past existence as two independent commercial spaces. This separation extends to utilities, with independent metered and heated systems for optimal efficiency and cost control. The existing cafe's inventory and personal property will remain in place at the time of closing, providing a turnkey operation for the new owner. This presents a rare chance to acquire a well-established business alongside a vacant space with high rental potential. The property's location in a flourishing town offers significant advantages, and the possibility of supplementing income with a mobile food service adds further appeal. The asking price is $110,000. This is an ideal investment for those seeking a diversified income stream and a foothold in a growing South Dakota market. Don't miss this chance to own a piece of Chester's vibrant commercial landscape.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Lake
    State
    South Dakota
    Longitude
    -96.9283
    Latitude
    43.8947

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $601
    $4,700
    $39,800
    $44,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      414 SF

      Chester, SD 57016

      COMMERCIAL (GENERAL) • 414 SF
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    • Value Estimation by Request
      7,980 SF

      305 4th St

      COMMERCIAL (GENERAL) • 7,980 SF
      305 4th St, Chester, SD 57016
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    • Value Estimation by Request
      1,890 SF

      214 1st Ave

      COMMERCIAL (GENERAL) • 1,890 SF
      214 1st Ave, Chester, SD 57016-2056
      View Details
    • Value Estimation by Request

      Chester, SD 57016

      COMMERCIAL (GENERAL)
      Chester, SD 57016
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    • Value Estimation by Request
      3,936 SF

      208 4th St

      COMMERCIAL (GENERAL) • 3,936 SF
      208 4th St, Chester, SD 57016
      View Details
    • Value Estimation by Request
      1,500 SF

      Chester, SD 57016

      COMMERCIAL (GENERAL) • 1,500 SF
      Chester, SD 57016
      View Details
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    306 4th St
    Chester, SD 57016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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