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    23858 Highway 385 Hill City, SD 57745

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    For Sale
    $899,000

    Remodeled restaurant with outdoor patio near Black Hills attractions.

    Property size:
    4,960 SF
    Lot size:
    1.62 Acres

    Property Features for 23858 Highway 385

    General Information

    Size
    4,960 SF
    Lot size
    1.62 Acres

    Source: KW Black Hills Agent Chris Long

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

    Overview

    Remodeled Restaurant Building For Sale

    This restaurant building, completely remodeled in 2018, is centrally located near top attractions in the Black Hills, just outside of Hill City, SD. The property features a shaded outdoor patio with views of the Black Hills. The turn-key kitchen includes all equipment. A large, central bar is present, which would be ideal for a tap house or wine bar. The parking lot has 35+ parking spots. The location has consistently produced over $800,000 in gross sales while only being open seasonally. The building size is 4,960 square feet. The property neighbors Firehouse Campground & Cabins. Note that only the real estate is for sale; the business is not included.
    Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Department Store Grocery Store Bar & Pub Convenience Store Cafe & Coffee Shop Car Rental

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

    Similar Places Nearby

    The Prairie Dog Food Truck

    Location Insight

    • Map
    • Local Demand
    City
    Hill City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.5307236
    Latitude
    43.9452502

    Nearby Similar for Sale

    • $1,250,000
      9,045 SF

      Hill City Restaurant Building For Sale

      9,045 sqft restaurant building with parking in high-traffic location.
      158 Museum Dr, Hill City, SD 57745
      View Details

    FAQs

    What type of property is this?
    Restaurant - Remodeled restaurant with outdoor patio near Black Hills attractions.
    Where is this restaurant located?
    The property is located at 23858 Highway 385 Hill City, SD.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Location boasts a proven track record of $800,000+ in gross sales operating seasonally.; - Turn-key kitchen with all equipment included.; - Restaurant building completely remodeled in 2018.
    (605) 939-4489
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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
    23858 Highway 385 Hill City, SD 57745
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