Hill City Restaurant Building For
158 Museum Drive, Hill City, SD 57745
Business/Land/Building(s) - Hill City, SD
Property size:
9,045 SFLot size:
0.41 AcresPrice / SF:
$159/SF- Added:
- Jan 26, 2026
- Days on Market:
- 115
- Last Refresh:
- May 21 at 7:06 pm
Property Features for 158 Museum Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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
- Standard status
- Active
- 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
Listing agent Kera Williams (605) 415-6636
Listing office Keller Williams Realty Black Hills SP 745 N. Ames St. Unit 1, Rapid City, SD (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.
HighLights
- 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.
- Recent upgrades: new metal roof (2024), remodeled in 2018, and updated mechanical systems (water heaters, cooler condensers).
- Equipped with a large kitchen space, walk‑in coolers, and an Ansul system.
- Features handicap accessible entrance and two partially covered outdoor patios.
Overview
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.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.28M
NOI $114,781 @ 9.00% cap · cautious / downside scenario
Moderate
$1.64M
NOI $114,781 @ 7.00% cap · market / base-case scenario
Aggressive
$2.30M
NOI $114,781 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.8k | $18.00 |
| − Vacancy | −$9.8k | −$1.08 |
| EGI | $153.0k | $16.92 |
| − OpEx | −$38.3k | −$4.23 |
| NOI | $114.8k | $12.69 |
9,045 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,781 @ 7.0% cap · market cap 7.94%
Second Best
Retail
$1.50M
$1.31M – $1.75M
NOI $104,850 @ 7.0% cap · market cap 7.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Hill City
- County
- Pennington
- State
- South Dakota
- Longitude
- -103.5745539
- Latitude
- 43.9345911
Nearby Similar for Sale
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 Drive 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.**
