Restaurant Building with
158 Museum Drive, Hill City, SD 57745
For Sale
New
$1,445,000
Three levels provide dining, event, kitchen, storage, and mechanical areas, with a dedicated parking lot.
Property Size9,045 SF
Price / SF$159.76
Days on Market2
Property Features for 158 Museum Drive
General Information
Standard status
Size
Property subtype
Additional Details
Patio
Tenant in Place
Building Details
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Lewis Realty
Listed By:
Faith Lewis · License #1045
(605) 863-0725
Source:
Libertytreeproperties
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 2:06AM
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 Lewis Realty
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Investment Insights
Based on property information with market context.
This 9,045-square-foot restaurant building occupies 0.41 acres and is arranged across three levels. The main floor has separate dining areas and access to two partially covered patios. An upper-level event area includes washer and dryer hookups, shower space, and former living quarters; the lower level is used for storage and mechanical equipment. The commercial kitchen features a custom-built Italian pizza oven, large walk-in coolers, prep and storage areas, steel construction, fireproof walls, and an Ansul suppression system. Restrooms are located on the main and upper levels, and the entrance is handicap-accessible.
Built in 2002 and remodeled in 2018, the property has two 200-amp electrical panels, two HVAC units, three water heaters, and new cooler condensers. A metal roof was installed in 2024. The site includes a dedicated parking lot and is located at 158 Museum Drive in Hill City, South Dakota.
Built in 2002 and remodeled in 2018, the property has two 200-amp electrical panels, two HVAC units, three water heaters, and new cooler condensers. A metal roof was installed in 2024. The site includes a dedicated parking lot and is located at 158 Museum Drive in Hill City, South Dakota.
Key Highlights
- 9,045‑square‑foot restaurant building on 0.41 acres
- Three‑level layout with dining areas, event space, kitchen, storage, and mechanical areas
- Two partially covered patios accessed from the main‑level dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,781
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,295,620
$2.3M
Cap Rate 7%
$1,639,729
$1.6M
Cap Rate 9%
$1,275,344
$1.3M
Market Conditions
NOI Build-Up for 9,045 SF
Gross rent
$162.8K $18.00/SF
− Vacancy
−$9.8K −$1.08/SF
EGI
$153.0K $16.92/SF
− OpEx
−$38.3K −$4.23/SF
NOI
$114.8K $12.69/SF
Area
Pennington County, SD
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,295,620
Cap Rate 7%
$1,639,729
Cap Rate 9%
$1,275,344
Alternative Uses
Best Use
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,781 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 57745, SD
2,078
Population
941
Households
2.2
Avg Household Size
53
Median Age
34%
College-Educated
98%
High-School Grad
385.0 sq mi
ZIP Area
5
Density / Sq Mi
$90,089
Median Household Income
$36,154
Median Earnings
$1,016
Median Rent
$323,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Three levels provide dining, event, kitchen, storage, and mechanical areas, with a dedicated parking lot.
Where is this conventional restaurant located?
The property is located at 158 Museum Drive Hill City, SD.
What is the asking price?
The asking price for this property is $1,445,000.
What are key features of this property?
This property features: 9,045‑square‑foot restaurant building on 0.41 acres; Three‑level layout with dining areas, event space, kitchen, storage, and mechanical areas; Two partially covered patios accessed from the main‑level dining areas
