Back to Search

Established Bar and Grill with Apartment

15350 E Hwy 44, Caputa, SD 57725

View on Map

For Sale

Contact for pricing

Bar and grill with apartment in growing Caputa, South Dakota.

Type:Retail

Property size:

5,780 SF

Price / SF:

$142/SF

HighLights

Established bar and grill with a unique, nostalgic atmosphere.
Includes a two‑bedroom apartment, providing owner's quarters or rental income ($1200/month).
Owner financing available with 30% down, amortized over 20 years at 4% interest (10‑year balloon).
Located in a growing area with a strong local customer base.
Includes a large number of fixtures and decor.
Business established in a historic building (built in 1909).

We can help!

Contact an agent

John Roberts

For Sale

Contact for pricing

Bar and grill with apartment in growing Caputa, South Dakota.

Type:Retail

Property size:

5,780 SF

Price / SF:

$142/SF

Added:: Apr 11, 2024
Days on Market:: 816
Last Refresh:: Mar 17 at 1:25 pm

Property Features for 15350 E Hwy 44

General Information

Standard status: Active
Size: 5,780 SF
Property subtype: Retail

Building Details

Year Built: 1909

We can help!

Contact an agent

John Roberts

Listing office The Real Estate Group Inc

Listing date Apr 11, 2024

Source Crexi

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 The Real Estate Group Inc

HighLights

Established bar and grill with a unique, nostalgic atmosphere.
Includes a two‑bedroom apartment, providing owner's quarters or rental income ($1200/month).
Owner financing available with 30% down, amortized over 20 years at 4% interest (10‑year balloon).
Located in a growing area with a strong local customer base.
Includes a large number of fixtures and decor.
Business established in a historic building (built in 1909).

Overview

This well-established bar and grill, constructed in 1909, is located in Caputa, South Dakota. The property features a unique atmosphere. It is a place to have food and drinks, and it has a local following in a growing area. A large number of fixtures and decor are included. There is a two-bedroom apartment above the bar that could serve as owner's quarters or be rented. The apartment is currently rented by a long-term tenant for $1200 per month. The property size is 5780 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$104.0k	$18.00
− Vacancy	−$6.2k	−$1.08
EGI	$97.8k	$16.92
− OpEx	−$24.4k	−$4.23
NOI	$73.3k	$12.69

5,780 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.05M

$916.9K – $1.22M (±1% cap)

NOI $73,348 @ 7.0% cap · market cap 8.89%

Second Best

Apartment 5plus

$586.0K

$512.7K – $683.6K (±1% cap)

NOI $41,017 @ 7.0% cap · market cap 4.97%

Theoretical Best

—

same as Best Use

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

Property Profile Location Intelligence

Current Use by Public Records

Bars & Pubs

Map

City: Caputa
County: Pennington
State: South Dakota
Longitude: -102.941921
Latitude: 43.982578

For sale
Bars & Pubs
SD
Caputa
57725
15350 E Hwy 44

What type of property is this?

Bar & Pub - Bar and grill with apartment in growing Caputa, South Dakota.

Where is this bar & pub located?

The property is located at 15350 E Hwy 44 Caputa, SD.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: Established bar and grill with a unique, nostalgic atmosphere.; Includes a two‑bedroom apartment, providing owner's quarters or rental income ($1200/month).; Owner financing available with 30% down, amortized over 20 years at 4% interest (10‑year balloon).