208 Main St Canistota, SD 57012-2100
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.