Restaurant with Patio and Casino
For Sale
Contact for pricing
5001 S Western Ave, Sioux Falls, SD 57108
Restaurant built in 2005 with seating for 350 indoors, ~150 on an outdoor patio, plus a private casino room.
Property Size9,206 SF
Price / SF$353.03
Days on Market501
Property Features for 5001 S Western Ave
General Information
Standard status
Active
Size
9,206 SF
Total Parking Spaces
95
Property subtype
RETAIL
Site & Location
Traffic Count
40,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
bar
private casino room
conference/party room
outdoor patio
Building Details
Year Built
2005
Listing Agency:
Lloyd Companies - Corporate
(605) 728-9092
Listed By:
Raquel Blount, SIOR · License #11915
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Jul 28
Last Checked: Jul 28 at 3:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lloyd Companies - Corporate
Investment Insights
Based on property information with market context.
Located within The Bridges at 57th St, a shopping/commercial development, this restaurant property was built in 2005 and includes seating for 350 indoors and approximately 150 on an outdoor patio. The bar includes multiple lines on tap with a glycol system, and a private casino room with a bar and fireplace is also on site. A versatile conference/party room adds flexibility to the existing layout.
The site offers direct access to I-229, with traffic counts listed at approximately 51,578 vehicles per day. At the 57th & Western corner, the combined traffic count is approximately 40,600 vehicles per day. The property also features 95+ dedicated parking stalls.
A liquor license is available with price listed as negotiable. The marketing package includes additional details such as an equipment list and floor plan information.
The site offers direct access to I-229, with traffic counts listed at approximately 51,578 vehicles per day. At the 57th & Western corner, the combined traffic count is approximately 40,600 vehicles per day. The property also features 95+ dedicated parking stalls.
A liquor license is available with price listed as negotiable. The marketing package includes additional details such as an equipment list and floor plan information.
Key Highlights
- Restaurant built in 2005 with seating for 350 indoor plus about 150 outdoor patio seats
- Private casino room with a bar and fireplace
- Seating includes dedicated indoor dining and an additional conference/party room
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $176.8k | $19.20 |
| − Vacancy | −$13.3k | −$1.44 |
| EGI | $163.5k | $17.76 |
| − OpEx | −$40.9k | −$4.44 |
| NOI | $122.6k | $13.32 |
9,206 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,624 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,988 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
40,600 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Kum & Go
Shops & Services
11,442 visits/mo
0.2 miles
Pita Pit
Dining
1,718 visits/mo
0.2 miles
Demographics for 57108, SD
31,953
Population
13,933
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
97%
High-School Grad
30.4 sq mi
ZIP Area
1,051
Density / Sq Mi
$96,184
Median Household Income
$51,749
Median Earnings
$1,292
Median Rent
$401,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Let it Fly Sports Bar — 5001 S Western Ave, Sioux Falls, SD 57108
- JJ's Axes And Ales — 3016 W 57th St, Sioux Falls, SD 57108
Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant built in 2005 with seating for 350 indoors, ~150 on an outdoor patio, plus a private casino room.
Where is this bar & pub located?
The property is located at 5001 S Western Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Restaurant built in 2005 with seating for 350 indoor plus about 150 outdoor patio seats; Private casino room with a bar and fireplace; Seating includes dedicated indoor dining and an additional conference/party room
