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    The Largest CRE Database in the US with Over 1 Million Listings

    158 Museum Dr Hill City, SD 57745

    Sponsored
    For Sale
    $1,445,000

    Business/Land/Building(s) - Hill City, SD

    Property size:
    9,045 SF
    Lot size:
    0.41 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 26 at 9:06 pm

    Property Features for 158 Museum Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    Parking Lot, Paved or Surfaced
    Interior features
    High Visibility, Kitchen Area, Lounge/Bar, Living Quarters, Restaurant, Restrooms
    Exterior features
    Hi-traffic Location
    Basement Y/N
    1
    Size
    9,045 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Forced Air, Propane (Heating)

    Building Details

    Year built
    2002
    Floors in Building
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Kera Williams

    Keller Williams Realty Black Hills (605) 343-7500

    Listing agent Kera Williams (605) 343-7500

    Listing date Jan 26, 2026

    MLS# 87269 Listing URL

    Copyright © 2026 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Hill City Restaurant Building For Sale

    This 9,045 sqft building, constructed in 2002 and remodeled in 2018, is located at the top of Main St. in historic Hill City, SD. The property, currently occupied by Mangiamo's Pizza, features three levels. The main level includes a split dining area with access to two exterior patios. The upper level, currently used as an event room, is equipped with washer and dryer hookups. The basement level is designed for storage and mechanical systems. The building includes a custom-built Italian pizza oven with upgraded steel and fireproof walls. Mechanical systems include two 200V electrical panels, two HVAC units, three new water heaters, and new cooler condensers. A new metal roof was installed in 2024. The site-built building features a log facade. The property has a handicap-accessible entrance and two partially covered outdoor patios, along with two sets of bathrooms on the main and upper levels. The large kitchen space includes an Ansul system, large walk-in coolers, and generous storage space. Situated on a 0.41-acre lot with a designated parking lot, this building is in a high-traffic location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hill City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.574663
    Latitude
    43.934493

    Nearby Similar for Sale

    • $474,900

      Remodeled Historic Building on Main

      Remodeled commercial building with historic charm and modern updates.
      269 Main St, Hill City, SD 57745
      View Details
    • $899,000
      4,960 SF

      Remodeled Restaurant Building For Sale

      Remodeled restaurant with outdoor patio near Black Hills attractions.
      23858 Highway 385, Hill City, SD 57745
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - 9,045 sqft restaurant building with parking on 0.41 acres.
    Where is this conventional restaurant located?
    The property is located at 158 Museum Dr Hill City, SD.
    What is the asking price?
    The asking price for this property is $1,445,000.
    What are key features of this property?
    This property features: - High-traffic location on Main St. in historic Hill City, SD, appealing to both locals and tourists.; - Substantial 9,045 sqft building with 3 levels, offering versatile usage possibilities (dining, events, storage).; - **Includes a custom-built Italian pizza oven with upgraded safety features.**
    (605) 343-7500
    Request Owner's contact information
    158 Museum Dr Hill City, SD 57745
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    Hill City, SD 57745
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    158 Museum Dr Hill City, SD 57745
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    We can help!
    Listing Contact
    Kera Williams
    (605) 343-7500
    Learn more
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