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    OFF-MARKET
    Commercial real estate

    610 Washington Ave, Madison, SD 57042-3518

    Individually Owned Free & Clear
    Property ID
    US79-0204096
    Property summary
    AI-generated overview

    This thriving restaurant in Madison, South Dakota presents a unique owner-user investment opportunity. Located at 610 Washington Ave S, this well-established diner boasts a prime location in a high-traffic area, benefiting from both local and through traffic. The business has enjoyed nearly two decades of success serving breakfast, lunch, and dinner to the community. The property itself is a single-story, 3,870 square foot building constructed in 2005, situated on a spacious 20,948 square foot lot. The building's ample space comfortably accommodates peak-hour crowds. The property is zoned for commercial use and offers significant potential for continued growth, particularly given Madison's expanding population fueled by the presence of Dakota State University. The asking price is $579,000, translating to $149.61 per square foot. This turnkey operation is ready for a new owner to step in and continue its legacy of success. The property's strong history, prime location, and substantial size make it an attractive investment for experienced restaurateurs seeking a profitable, established business. This is a rare opportunity to acquire a successful, long-standing restaurant in a growing South Dakota community.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 21741-00100-090-10
    UPID US79-0204096
    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
    Current use
    Occupant on record · Public records
    • Second Street Diner Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    BLAINE ELIASON
    BLAINE ELIASON
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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