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Property profile & analytics
OFF-MARKET
Commercial real estate

208 Main St Canistota, SD 57012-2100

4,548 SF 0.15 ac lot Built 1895
Individually Owned Free & Clear
Property ID
US79-0723581
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving restaurant and bar situated in the heart of Canistota, South Dakota, at 208 W Main St. The property encompasses 0.15 acres and offers a versatile layout ideal for continued success. The restaurant boasts a spacious, fully equipped kitchen capable of handling diverse culinary operations. A sizable dining room and buffet area provide ample seating for patrons. The bar features a 10-person bar rail, additional seating, and a dedicated casino area currently housing seven leased gaming machines. A significant advantage is the connected events area, perfect for hosting concerts, private functions, or simply expanding seating capacity. This space includes a stage and a large-screen TV, enhancing entertainment options. The property benefits from consistent foot traffic generated by nearby medical facilities. A lease-purchase option is available for qualified buyers with a substantial down payment. This turnkey operation presents a rare chance to acquire an established business with significant growth potential in a desirable location. The property's size and features make it an attractive investment for those seeking a profitable venture in a vibrant community. The current setup and equipment are in place, allowing for immediate operation and revenue generation.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1895
Total area 4,548 SF
Lot 0.15 ac (6,500 SF)
APN 21.06.0820
UPID US79-0723581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
ERIC EISLOEFFEL
ERIC EISLOEFFEL
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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