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    New Underwood, SD
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    New Underwood, SD Restaurants for Sale

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    Box Elder, SD Rapid City, SD Hermosa, SD Piedmont, SD Summerset, SD Black Hawk, SD
    Turnkey Restaurant and Bar
    Updated: May 29
    Turnkey Restaurant and Bar

    415 S A Ave, New Underwood, SD 57761

    $1,100,000
    4,380 sqft
    Restaurant and bar fully remodeled in 2024 with a 24x72 addition
    Brand‑new heating and air conditioning units installed in 2024
    Commercial kitchen is fully equipped and maintained in pristine condition
    12x60 outdoor patio with seating and a gas fire pit
    Rear game room features darts, shuffleboard, and a golf simulator
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    This listing looks promising.

    Here's a quick look at some key insights for

    415 S A Ave, New Underwood, SD

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    • Est. Cap Rate

      5.1%
      NOI ÷ price

    • Est. NOI

      $56K
      Annual

    • Price @ 7% Cap

      $794K
      Suggested

    • Property Type

      Parcels With Improvements, Use Not Specified
      Built 1963
    View Property Analytics
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in New Underwood, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 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.

    Multi-Use Downtown Commercial Building
    Multi-Use Downtown Commercial Building

    406 5th St, Rapid City, SD 57701

    $1,399,900
    13,197 sqft

    Multi-tenant downtown property on 5th St with strong daily traffic and flexible space for restaurants, retail, office, or entertainment.

    View details
    Ground-Leased Texas Roadhouse Outparcel
    Ground-Leased Texas Roadhouse Outparcel

    2106 N Maple Ave, Rapid City, SD 57701

    Contact for pricing
    6,160 sqft

    Single-tenant Texas Roadhouse is offered on a triple-net ground lease with zero landlord responsibilities through September 2032.

    View details
    Restaurant and Bar Property
    Restaurant and Bar Property

    245 MAIN, Hill City, SD 57745

    $1,450,150

    For-sale restaurant and bar property in Hill City, SD.

    View details
    Remodeled Restaurant Building For Sale
    Remodeled Restaurant Building For Sale

    23858 Hwy 385, Hill City, SD

    Contact for pricing
    4,960 sqft 1.62 AC lot

    Remodeled restaurant with outdoor patio near Black Hills attractions.

    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.

    Corner Lot with Completed Parking
    Corner Lot with Completed Parking

    Outfitter Road, Rapid City, SD 57701

    $539,000
    1.77 AC lot

    Corner retail land site with completed parking on part of the lot and documented traffic counts.

    View details
    Commercial Development Corner Lot
    Commercial Development Corner Lot

    Stumer Road, Rapid City, SD 57701

    $574,992
    1.11 AC lot

    1.11-acre corner site with General Commercial zoning for retail, restaurant, office, or service development.

    View details

    New Underwood, SD Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in New Underwood, SD on our real estate platform. These investment opportunities span a total of 4,380 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for restaurant properties in New Underwood, SD average $1,100,000 — 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
    Conventional restaurants 1

    Demographics Overview

    Population 1,274
    Population Growth (5Y) -12.6%
    Median Household Income $101,042
    College Educated 36.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    57761 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.56%
    Property Tax per SF $31.98 per SF
    Tax Rate vs County Average 0.18 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Pennington County

    New Delisted

    Total CRE Inventory on Market (SF)

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