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Property profile & analytics
OFF-MARKET
Commercial real estate

217 5th St Menno, SD 57045-2127

Individually Owned Absentee Owner Free & Clear
Property ID
US79-0425393
Property summary
AI-generated overview

This exceptional investment opportunity presents the Schnitz Bar & Restaurant, a thriving, established business located at 217 S 5th St, Menno, South Dakota, 57045. The property, built in 1922, boasts a rich history, having served as a grocery store and dry goods emporium before becoming a beloved local bar. Currently operating as a successful bar and restaurant, this mixed-use property offers 6,000 square feet of space spread across three stories, situated on a 7,242 square foot lot (APN: 250-10-02N03). The asking price is $250,000, translating to $41.67 per square foot. The property is zoned for commercial use and presents a turnkey operation for an owner/user. This is a rare chance to acquire a well-established business with significant historical value and strong community ties in Hutchinson County. The property's prime location and established clientele base provide a solid foundation for continued success and growth. This is an ideal opportunity for an entrepreneur seeking a profitable, established business with significant potential for future expansion. The building's character and history offer a unique and attractive atmosphere for patrons, ensuring a vibrant and thriving business for years to come.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 250.10.02.N03
UPID US79-0425393
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
THOMAS R FISCHER
THOMAS R FISCHER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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