Established Sports Bar
For Sale
Contact for pricing
909 West Ave, Sioux Falls, SD 57104
Operating sports bar with liquor license and ample parking.
Property Size7,872 SF
Price / SF$196.90
Days on Market1614
Property Features for 909 West Ave
General Information
Standard status
Active
Size
7,872 SF
Property subtype
Retail
Building Details
Year Built
1963
Year Renovated
2001
Buildings
1
Stories
1
Listing Agency:
NAI Sioux Falls
Listed By:
Ryan Ammann · License #IA S43616000
(605) 310-7091
Source:
Crexi
Added: May 6, 2022
Changed: Oct 3
Last Checked: Oct 4 at 8:43AM
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 NAI Sioux Falls
Investment Insights
Based on property information with market context.
This property, previously operated as a Buffalo Wild Wings and currently functioning as a non-franchise sports bar, presents a commercial real estate opportunity. The building features a roof that was replaced in 2019 and HVAC upgrades. It includes 102 paved on-site parking spaces and ample building signage, along with a pylon on West Avenue. The property size is 7872 square feet. The sale includes a liquor license and a list of furniture, fixtures, and equipment (FF+E). Note that the sale price excludes the sound system and audio-visual equipment used for on-stage performances. Broker presence is required at showings. The property maintains a sports bar identity.
Key Highlights
- Liquor license included in the price
- 102 paved on‑site parking spaces
- FF+E (Furniture, Fixtures, and Equipment) included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,855
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,097,100
$2.1M
Cap Rate 7%
$1,497,929
$1.5M
Cap Rate 9%
$1,165,056
$1.2M
Market Conditions
NOI Build-Up for 7,872 SF
Gross rent
$151.1K $19.20/SF
− Vacancy
−$11.3K −$1.44/SF
EGI
$139.8K $17.76/SF
− OpEx
−$35.0K −$4.44/SF
NOI
$104.9K $13.32/SF
Area
Sioux Falls, SD
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,097,100
Cap Rate 7%
$1,497,929
Cap Rate 9%
$1,165,056
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,855 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,631 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,945
Businesses Nearby
2k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Home2 Suites by Hilton
Hotels & Casinos
2,485 visits/mo
0.3 miles
Demographics for 57104, SD
26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
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
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Similar Off Market Nearby
- Remedy Brewing warehouse — West Ave, Sioux Falls, SD 57105
- Starbucks — 1305 W 18th St, Sioux Falls, SD 57117
- Theep Z Noor — 5 S Garfield Ave, Sioux Falls, SD 57104
- SD Hookah Lounge — 301 S Garfield Ave Unit 8, Sioux Falls, SD 57104
- Gas Light Saloon — 2206 W 12th St, Sioux Falls, SD 57104
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating sports bar with liquor license and ample parking.
Where is this bar & pub located?
The property is located at 909 West Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Liquor license included in the price; 102 paved on‑site parking spaces; FF+E (Furniture, Fixtures, and Equipment) included
