610 Washington Ave Madison, SD 57042-3518
Property profile & analytics
610 Washington Ave Madison, SD 57042-3518
- Commercial real estate
Property ID
US79-0204096
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Second Street Diner / Restaurant
Property Details for 610 Washington Ave
- Property type
- Commercial real estate
- APN
- 21741-00100-090-10
- APU
- 217410010009010
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Lake
- State
- South Dakota
- Longitude
- -97.1092
- Latitude
- 43.9993
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,295
$33,900
$268,300
$302,200
-
$0.00
$0.00
$0.00
