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    207 Main St Colome, SD 57528

    Sponsored
    For Sale
    $102,000

    Established Bar & Restaurant, High Traffic Location

    Property size:
    42,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This turnkey commercial property in Colome, South Dakota, presents a unique investment opportunity. Located at 207 Main Street, this established business, known locally as The Frontier Bar, boasts a loyal customer base and a thriving on-sale/off-sale liquor license. Situated conveniently near the intersection of SD Highway 18 and SD Highway 183, it benefits from high visibility and traffic flow, attracting both local residents and travelers. The restaurant/bar has a seating capacity of 55 guests. The property includes a 2,220 square-foot building and sits on a 42,000 square-foot lot. City of Colome water and sewer services are readily available. The business is known for its excellent food, adult beverage service, and exceptional customer service, making it a well-established and profitable venture. This is a rare opportunity to acquire a fully operational, small-town business with a strong reputation and significant potential for continued growth. The asking price is $102,000. This is a truly turnkey operation, ready for a new owner to step in and continue its success.

    Property Features for 207 Main St

    General Information

    Property type
    Land
    Square Feet
    42,000 SF

    HighLights

    • $102,000 asking price.
    • 42,000 square foot land parcel.
    • Turnkey commercial property with an established liquor license.
    • Located on Main Street in Colome, SD, near major highways.
    • 2,220 square foot building with seating for 55 guests.
    • City water and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Gym & Fitness Grocery Store Convenience Store Hotel & Motel Bakery Bar & Pub Carpet & Flooring Store

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

    Location Insight

    City
    Colome
    County
    46123
    State
    South Dakota

    FAQs

    What type of property is this?
    Land - Established Bar & Restaurant, High Traffic Location
    Where is this land located?
    The property is located at 207 Main St Colome, SD.
    What is the asking price?
    The asking price for this property is $102,000.
    What are key features of this property?
    This property features: $102,000 asking price.; 42,000 square foot land parcel.; Turnkey commercial property with an established liquor license.
    Request Owner's contact information
    207 Main St Colome, SD 57528
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    Colome, SD 57528
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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
    207 Main St Colome, SD 57528
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