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    Madison, SD
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    Madison, SD Restaurants for Sale

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    Wentworth, SD Salem, SD Colton, SD
    Established Restaurant and Lounge For Sale
    $649,900
    8,900 SF
    Established Restaurant and Lounge For Sale

    1407 NW 2nd St, Madison, SD

    Restaurant and lounge with meeting and banquet rooms available for sale.
    • Established restaurant and lounge with 50‑year history.
    • Large 8900 sq ft space with expansion potential.
    • Includes bar/restaurant, full kitchen, meeting rooms, and banquet room.
    • Liquor license and most FFE (furniture, fixtures, and equipment) included.
    • Venue suitable for large gatherings and events.
    Updated: Oct 13, 2025
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    Highway Frontage Redevelopment Opportunity
    $325,000
    1.18 Acres
    Highway Frontage Redevelopment Opportunity

    514 S Washington Ave, Madison, SD 57042

    1.18-acre highway frontage property suitable for redevelopment.
    • 1.18 acres of highway frontage property ideal for business re‑development.
    • Nearly 200 feet of highway frontage on Washington Ave.
    • Zoned as highway business, offering diverse usage possibilities.
    • Formerly a restaurant and plumbing shop.
    • On‑site parking available.
    Updated: Oct 2, 2024
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Madison, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Bar and Grill Entertainment Space
    $250,000
    2.56 Acres
    Bar and Grill Entertainment Space

    Bar and grill with gaming zone in prime location.

    630 E Ruton Ave, Salem, SD 57058

    View details
    Restaurant Building with Liquor License
    $1,850,000
    Restaurant Building with Liquor License

    7,872 SF restaurant/bar with large lot and parking.

    909 N West Ave, Sioux Falls, SD 57104

    View details
    Turnkey Restaurant/Coffee Shop Opportunity
    $130,000
    1,610 SF
    Turnkey Restaurant/Coffee Shop Opportunity

    Turnkey restaurant/coffee shop with character, charm, and outdoor seating.

    116 E Vermont Ave, Salem, SD

    View details
    Retail/Restaurant Corner Opportunity
    $600,000
    1,624 SF
    Retail/Restaurant Corner Opportunity

    Hard corner retail or restaurant opportunity near downtown Sioux Falls.

    1120 E 10th St, Sioux Falls, SD 57103

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Main Street Commercial Land
    $99,000
    0.32 Acres
    Prime Main Street Commercial Land

    Build-ready lot in thriving Dell Rapids commercial corridor.

    4th St, Dell Rapids, SD 57022

    View details
    Commercial Lot in Growing Tea
    $220,000
    0.68 Acres
    Commercial Lot in Growing Tea

    High-visibility commercial lot in a high-growth Sioux Falls metro area.

    500 N Heritage Pkwy, Tea, SD 57064

    View details
    Commercial Land Ready for Development
    $350,000
    Commercial Land Ready for Development

    Shovel-ready commercial land suitable for various business ventures.

    910 East Spruce Street, Mitchell, SD 57301

    View details
    General Business Zoned Development Lot
    $87,352
    0.51 Acres
    General Business Zoned Development Lot

    A 0.51-acre general business lot with strong Main Street visibility for a wide range of commercial uses.

    2001 Jack Nicklaus Dr., Elk Point, SD 57025

    View details

    Madison, SD Restaurants Investment Opportunities Market Analysis

    Explore 2 restaurants for sale in Madison, SD on our real estate platform. These investment opportunities span a total of 11,468 square feet of properties for sale, with an estimated market value of $1,028,400.

    Sale prices for restaurant properties in Madison, SD start at $378,500, averaging $514,200, and reaching up to $649,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1

    Demographics Overview

    Population 7,900
    Population Growth (5Y) -15.4%
    Median Household Income $68,672
    College Educated 47.5%

    High-Yield Neighborhoods for Investment

    Identify Madison submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    57042 $351.8K

    Taxes & Financing

    Tax Rate (average for all types) 1.65%
    Property Tax per SF $1.74 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

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