Building Details

Year built 1974

Listing Agency: Dakota Realty Show Phone

Listed By: Debra Wiemers Show Phone

Added: Jun 18 Changed: Sep 23 Last Checked: Sep 27 at 5:06PM

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MLS# 833460

Copyright © 2026 Northwest Iowa Regional Board 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.

Investment Insights

Based on property information with market context.

This mixed-use property, built in 1974, contains four rental units spanning a main-floor restaurant, basement space, and two apartments. The property conveys with stoves and refrigerators, along with tables and chairs located in the basement. A liquor license is also included. The building is equipped with forced-air heating and central air conditioning.

Located at 103 E Main in Elk Point, the property offers a combination of commercial and residential rental space within one building. Tenants are responsible for their own utilities, providing a straightforward operating arrangement across the four rental components.

Key Highlights

• Four rental units include a main‑floor restaurant, basement space, and two apartments
• Liquor license included with the property
• Stoves and refrigerators remain; basement includes tables and chairs

Property Analytics

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Current Use

Spink Family Restaurant Restaurant Bump N Sams Bar & Pub

Suggested Use

Top Pick Building Supply Real Estate Agency Parking Lot & Garage Dental Office Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

182

Businesses Nearby

2k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Home Improvements & Furnishings 100%

Elk Point Ace Hardware Home Improvements & Furnishings

1,650 visits/mo 0.4 miles

Demographics for 57025, SD

2,940

Population

1,318

Households

2.2

Avg Household Size

39

Median Age

32%

College-Educated

93%

High-School Grad

124.0 sq mi

ZIP Area

24

Density / Sq Mi

$88,466

Median Household Income

$51,625

Median Earnings

$738

Median Rent

$226,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Four rental components include a restaurant, basement space, and two apartments, with central air and a liquor license.

Where is this mixed-use property located?

The property is located at 103 E Main Elk Point, SD.

What is the asking price?

The asking price for this property is $515,000.

What are key features of this property?

This property features: Four rental units include a main‑floor restaurant, basement space, and two apartments; Liquor license included with the property; Stoves and refrigerators remain; basement includes tables and chairs