Property profile

515 Main St Lemmon, SD 57638

OFF-MARKET
Investment properties
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Property summary

AI-generated overview

This exceptional business opportunity in Lemmon, South Dakota presents a unique chance to acquire a well-established entertainment venue. The property boasts a substantial 17,400+ square feet of space, encompassing a thriving bowling alley with eight lanes, two fully equipped kitchens, and a full-service liquor bar. The main level features the bowling alley itself, a convenient locker room, and a reception area. Upstairs, you'll find additional entertainment options including pool tables, a dartboard area, and video lottery machines, all complemented by the full-service bar. The lower level offers significant potential, previously utilized as a roller skating rink, and now provides ample storage space and another full kitchen. Recent upgrades to the bar and bowling alley have enhanced the overall appeal and functionality of the establishment, solidifying its position as a popular destination in Lemmon. The sale includes both the business and the real estate, offering a complete and turnkey operation. This is an ideal investment for an entrepreneur seeking a profitable, established business with significant expansion possibilities. The property is located at 515 Main Street, Lemmon, SD, and is priced at $129,900. Serious inquiries are encouraged.

Property profile

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Property type Investment properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

515 Main St Lemmon, SD 57638
Lemmon metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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