105 W Main Street, Elk Point, SD

  • $370,000

This is the building AND business sale with liquor license. Long time Mexican restaurant that has been well-established for 25 years in the Elk Point community at this location. This building sale includes all FF&E (furniture, fixtures & equipment) that has kitchen equipment purchased within the last 11 years. This building also has a bar/lounge. The current video lottery machines in the lounge area provide additional yearly profit. An order pickup window was also added (2020) to the back of the building. This property is also available on contract/lease. Liquor license not included in a lease. This opportunity is offered two ways: 1. The real estate purchase is listed at $270,000 to include all FF&E (see MLS #817674). 2. The building and business can be purchased together for $370,000 and will include FF&E. (Liquor license/video lottery machines require a separate application for the new buyer to the county and rental company). ***There is an available Urban Development Access Grant Fund Loan available through the Elk Point EDC. See attached information in disclosures.***

Property Address

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  • Address 105 W Main Street
  • City Elk Point
  • State/county SD
  • Zip/Postal Code 57025

Property Details

  • Property ID: 817675
  • Price: $370,000
  • Property Lot Size: 2020 Acres
  • Year Built: 1900
  • Property Type: Commercial
  • Taxes: $1068

MLS Information

Air Conditioner Type2 Central,Other-See Comments
Building DescriptionSingle Tenant
Business TypeOffice,Restaurant
Ceiling Height11-14'
Contingency TypeNone
FloorConcrete Slab,Wood
Fuel TypeNatural Gas
Heat TypeForced Air
Legal DescriptionE30' LOT 11 & W9 1/4' LOT 12 LESS N4' BLK 5 ORIG EP CITY
Owner PaysElectricity,Heating,Insurance,Janitorial,RE Tax,Trash Collection,Water
Power Available220 Volt
Roof TypeOther-See Comments
Sewer TypeCity
Tax Year2019
Water TypeCity

MLS#: 817675; Listing Provided Courtesy of Century 21 ProLink (712-224-2300) via Northwest Iowa Regional Board of REALTORS. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

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