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    123 SW 1St St Madison, SD 57042

    New
    For Sale
    $378,500

    COMMERCIAL - Madison, SD

    Property size:
    2,568 SF
    Lot size:
    0.06 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 12 at 8:06 pm

    Property Features for 123 SW 1St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Central Business
    APN
    21010-01900-210-10
    Size
    2,568 SF
    Lot size
    0.06 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1914
    Floors in Building
    1
    Flooring type
    Tile, Carpet, Concrete
    Building materials
    Frame
    Roof type
    Composition, Tar/Gravel

    EXIT Realty Advantage (605) 270-2598 [email protected]

    Listing agent Adam P Foland

    Listing date Dec 11, 2025

    Copyright © 2025 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Bar and Restaurant For Sale

    This is an opportunity to own a well-established bar and restaurant with a history of profitability. The property is located in a growing community and is situated minutes from a rapidly expanding college campus. The business benefits from traffic from students, locals, and visitors. The business offers food, entertainment, and a welcoming atmosphere. It is positioned for continued success as the surrounding population and college enrollment increase. The property is zoned for Central Business. The lot size is 0.0624 acres. The property size is 2568 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tavo's Carpet & Flooring ... Carpet Wholesaler Hot Shots Bar Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Sporty's Bar, Foley's Bar, MadLads Brewing Company, Hot Shots Bar, Unlock Madison

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    South Dakota
    Longitude
    -97.115212
    Latitude
    44.003716

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    FAQs

    What type of property is this?
    Bar - Profitable bar and restaurant in growing community near college campus.
    Where is this bar located?
    The property is located at 123 SW 1St St Madison, SD.
    What is the asking price?
    The asking price for this property is $378,500.
    What are key features of this property?
    This property features: - Established, profitable bar and restaurant business.; - Prime location near a rapidly expanding college campus.; - Strong reputation for great food, entertainment, and welcoming atmosphere.
    (605) 270-2598
    Request Owner's contact information
    123 SW 1St St Madison, SD 57042
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    Madison, SD 57042
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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
    123 SW 1St St Madison, SD 57042
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