1012 Dakota St Milbank, SD 57252-2700

Property Details for 1012 Dakota St

Property type

Commercial real estate

APN

26.42.00.04

APU

26420004

Description

This exceptional turnkey business opportunity presents the chance to acquire Sly's Steakhouse Bar & Casino, a well-established Milbank, South Dakota landmark. Located at 1012 S Dakota St, this 7,732 square foot property sits on a generous 46,950.75 square foot lot, offering ample space for both indoor and outdoor operations. The asking price is $565,000, representing a land value of $1.35 per square foot. The sale includes all necessary licenses for operation: a liquor license, beer and malt beverage license, and a video lottery license. All furniture, fixtures, and equipment are included in the sale, encompassing coolers, refrigerators, freezers, kitchen appliances (fryers, cooktops, flat top grills), a popcorn machine, and even the lawnmower. Recent upgrades significantly enhance the property's value and operational efficiency. These include a new security system, an upgraded electrical system, a new walk-in cooler/freezer, freshly paved parking lot asphalt, and a complete overhaul of the kitchen equipment and prep station. Further improvements include new bathroom urinals and energy-efficient LED lighting throughout the building. This established business, with its extensive history in the community, presents a rare opportunity for a savvy investor to step into a profitable and well-equipped operation. The property's APN is 26.42.00.04, and it's located in Grant County, South Dakota, zip code 57252.