Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1407 NW 2Nd St Madison, SD 57042

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $649,900

    Restaurant and lounge with meeting and banquet rooms available for sale.

    Property size:
    8,900 SF
    Lot size:
    2.34 Acres

    Property Features for 1407 NW 2Nd St

    General Information

    Size
    8,900 SF
    Lot size
    2.34 Acres

    Source: Hegg Realtors | Garry Realty Group Agent Justin Garry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant and Lounge For Sale

    This property features a restaurant and lounge space, a full kitchen, two meeting rooms, a large banquet room, and two sets of bathrooms. The building encompasses over 8900 square feet. The property has operated for 50 years as a local spot for food, drinks, and hosting large gatherings. The venue has the capacity to expand and has accommodated weekly and monthly functions. The liquor license and most of the furniture, fixtures, and equipment are included. An additional lot west of the building is also available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Nicky's American Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    South Dakota
    Longitude
    -97.134808
    Latitude
    44.007391

    Nearby Similar for Sale

    • $437,000
      5,612 SF

      Versatile Mixed-Use Property in Madison

      Adaptable property suitable for office, community, or religious use.
      610 NE 3Rd St, Madison, SD 57042
      View Details
    • New
      $378,500
      2,568 SF

      Established Bar and Restaurant For Sale

      Profitable bar and restaurant in growing community near college campus.
      123 SW 1St St, Madison, SD 57042
      View Details
    • $249,900
      0.18 Acres

      Prime Corner Lot in Madison

      High-visibility commercial property with expansion potential in Madison, SD.
      325 SE 4Th St, Madison, SD 57042
      View Details
    • $175,000
      2,855 SF

      Versatile Commercial Property in Madison

      Office and shop space with income potential in Madison, SD.
      311 S Union Ave, Madison, SD 57042
      View Details
    • $365,000
      1,618 SF

      Established Car Wash Business For Sale

      Profitable, updated car wash business with consistent traffic.
      304 NE 2Nd St, Madison, SD 57042
      View Details
    • $900,000
      20,000 SF

      Madison Flex Property Near Airport

      20,000 SF flex building on 5.02 acres for sale.
      1520 NE 3Rd St, Madison, SD 57042
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant and lounge with meeting and banquet rooms available for sale.
    Where is this restaurant located?
    The property is located at 1407 NW 2Nd St Madison, SD.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Established restaurant and lounge with 50-year history.; - Large 8900 sq ft space with expansion potential.; - Includes bar/restaurant, full kitchen, meeting rooms, and banquet room.
    (605) 480-3418
    Request Owner's contact information
    1407 NW 2Nd St Madison, SD 57042
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1407 NW 2Nd St
    Madison, SD 57042
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1407 NW 2Nd St Madison, SD 57042
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.