Entity Owned Property summary
This exceptional mixed-use property, located at 305 W Main St in Lead, South Dakota, presents a unique investment opportunity. The 10,800 square foot building, renovated in 2022, boasts a beautifully restored Victorian-style exterior and comprises four stories. The ground floor features a thriving bar and restaurant with a full liquor license (valued at $100,000, included in the $850,000 asking price), a grand brick fireplace, and a spacious open area. The second floor houses meticulously… restored hotel rooms, each equipped with its own commercial gas hot water heater, furnace, and AC unit. These rooms generate additional income through listings on Airbnb, Expedia, and Booking.com. A second kitchen, walk-in coolers, freezers, and ample storage are located in the lower level, offering versatility for various uses. The third floor provides significant potential for expansion, with plans for eight additional hotel rooms. The property also includes a welcoming outdoor corner patio with a grassy area and stunning Black Hills views. Situated adjacent to the Homestake Opera House and Arts House, this property benefits from a prime downtown location. The building features a newer roof and an on-demand hot water heater in the basement. The third floor has electric service. A cooking and expo area is conveniently located behind the bar. This turnkey operation offers a blend of established income streams and significant upside potential. The 0.2-acre lot is commercially zoned. This is a rare chance to own a piece of Lead's rich history and vibrant downtown.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,120 SF
- Lot area
- 0.2 ac
- Year built
- 2001
- Stories
- 1
- APN
- 31440-00700-003-00
- Assessed value · 2022
- $95,040
- Annual tax · 2022
- $1,955
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
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- Alternative use
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