102 Main St Lennox, SD 57039
- Commercial real estate
- 0.22 lot acres
Current Use by Public Records
- Beamers / Bar & Grill
Property Details for 102 Main St
- Lot size
- 0.22 lot acres
- Zone code
- MUNICIPALITY
- Property type
- Commercial real estate
- APN
- 250.10.07.018A
- APU
- 2501007018A
Description
This exceptional turnkey bar and restaurant opportunity is located on Main Street in Lennox, South Dakota. Built in 2017, the 4000+ square foot establishment boasts a striking Harley Davidson orange and black exterior, instantly recognizable in the community. The interior features a spacious main bar area with ample seating, multiple pool tables, arcade games, and lottery machines, ensuring diverse entertainment options for patrons. A well-equipped kitchen allows for the preparation of a full bar food menu. Beyond the main bar, a separate restaurant/meeting room offers additional space and a private entrance, ideal for private events or expanded dining capacity. The property also includes a dedicated office, a smoker's lounge, a modern restroom facility, and a designated casino room. Extensive storage is available, including a refrigerated room and a separate liquor storage area. This property sits on a 0.2-acre lot and presents a unique opportunity for an established business or a new venture looking to capitalize on a high-traffic location. The existing infrastructure and equipment provide a seamless transition for a new owner, minimizing start-up costs and maximizing immediate revenue potential. Priced at $450,000, this is a rare chance to acquire a thriving business in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $435,000
- 7%
- $430,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $555,000
- Retail
- $450,000
- Mixed-Use
- $575,000
- Hospitality
- $560,000
- Educational
- $435,000
- Residential Income
- $510,000
- Energy
- $475,000
- Income-Based Land
- $565,000
- Food Service
- $490,000
Location Insight
- Map
- Local Demand
- City
- Lennox
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.8913
- Latitude
- 43.3551
- CBSA code
- 43620
- CBSA name
- SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA