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Restaurant with Bar and Apartment
For Sale
$900,000

306 N veterans St, Flandreau, SD 57028

COMMERCIAL, Flandreau, SD

Property Size8,640 SF
Lot Size8.76 Acres
Price / SF$104.17
Days on Market349

Property Features for 306 N veterans St

General Information

Property type Commercial Sale
Property subtype Other
Zoning Check Back
Subdivision Other - Outside Jurisdiction
Directions Northwest edge of Flandreau SD
Standard status Active
APN 21502001
Size 8,640 SF
Lot size 8.76 Acres

Taxes and HOA fees

Tax Description E-407.5' LOT 1 SE-1/4 (4.28 ACRES) & TRACT 3 HALSE 2ND ADD SE-1/4 (4.48 ACRES)ALL IN SECTION 20-107-
Tax Annual Amount 7772
Legal Description E-407.5' LOT 1 SE-1/4 (4.28 ACRES) & TRACT 3 HALSE 2ND ADD SE-1/4 (4.48 ACRES)ALL IN SECTION 20-107-

Utilities

Utilities Water Available
Heating system Central

Building Details

Year built 1993
Floors in Building 2
Flooring type Carpet, Wood, Laminate
Roof type Metal
Listing Agency: Market First Real Estate
Listed By: Justin Heng
Added: Oct 13, 2025 Changed: Sep 26 Last Checked: Sep 26 at 6:06AM
MLS# 22508439

Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This conventional restaurant property includes 8,640 square feet across a main level and lower level. The primary floor combines dining space, a kitchen, lounge, and bar, while the lower level adds two party rooms and a two-bedroom apartment. Laminate, carpet, and wood flooring are present, with central heating and a metal roof.

Built in 1993, the property occupies 8.76 acres in Flandreau, South Dakota. Water is available, and the address is 306 N Veterans St.

Key Highlights

  • 8,640‑square‑foot restaurant property on 8.76 acres
  • Main floor includes dining room, kitchen, lounge, and bar
  • Lower level offers two party rooms and a two‑bedroom apartment

Property Analytics

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Current Use

Mad Mary's Steak ... Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Electrical Service Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

85
Businesses Nearby
12k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 63% Home Improvements & Furnishings 24% Dining 13%
Dollar General Shops & Services
3,726 visits/mo 0.3 miles
Cenex Shops & Services
3,706 visits/mo 0.3 miles
Tractor Supply Co. Home Improvements & Furnishings
2,861 visits/mo 0.2 miles
SUBWAY Dining
1,499 visits/mo 0.3 miles

Demographics for 57028, SD

3,348
Population
1,467
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
94%
High-School Grad
200.8 sq mi
ZIP Area
17
Density / Sq Mi
$66,735
Median Household Income
$37,326
Median Earnings
$661
Median Rent
$175,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Multi-level restaurant property with dining, kitchen, lounge, party rooms, and a residential apartment.
Where is this conventional restaurant located?
The property is located at 306 N veterans St Flandreau, SD.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 8,640‑square‑foot restaurant property on 8.76 acres; Main floor includes dining room, kitchen, lounge, and bar; Lower level offers two party rooms and a two‑bedroom apartment
More about this property
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