For Sale
$565,000

1012 Dakota StMilbank, SD 57252

Established Bar, Restaurant, Casino in Milbank, SD

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional turnkey business opportunity presents the chance to acquire Sly's Steakhouse Bar & Casino, a well-established Milbank, South Dakota landmark. Located at 1012 S Dakota St, this 7,732 square foot property sits on a generous 46,950.75 square foot lot, offering ample space for both indoor and outdoor operations. The asking price is $565,000, representing a land value of $1.35 per square foot. The sale includes all necessary licenses for operation: a liquor license, beer and malt beverage license, and a video lottery license. All furniture, fixtures, and equipment are included in the sale, encompassing coolers, refrigerators, freezers, kitchen appliances (fryers, cooktops, flat top grills), a popcorn machine, and even the lawnmower. Recent upgrades significantly enhance the property's value and operational efficiency. These include a new security system, an upgraded electrical system, a new walk-in cooler/freezer, freshly paved parking lot asphalt, and a complete overhaul of the kitchen equipment and prep station. Further improvements include new bathroom urinals and energy-efficient LED lighting throughout the building. This established business, with its extensive history in the community, presents a rare opportunity for a savvy investor to step into a profitable and well-equipped operation. The property's APN is 26.42.00.04, and it's located in Grant County, South Dakota, zip code 57252.

Highlights

  • $565,000 asking price for this established Milbank, SD retail property.
  • 7,732 square foot building on a 46,950.75 square foot lot.
  • Located at 1012 S Dakota St, Milbank, SD 57252 (APN 26.42.00.04).
  • Includes liquor, beer & malt beverage, and video lottery licenses, plus all furniture, fixtures, and equipment.
  • Recent upgrades include a new security system, electrical system, walk-in cooler/freezer, asphalt parking lot, kitchen equipment, and LED lighting.

Property Details for 1012 Dakota St

Property type
Retail properties, Restaurants
Square Feet
7,732 SF

Location Insight

City
Milbank
County
Grant
State
South Dakota
Latitude
45.2108389
Longitude
-96.6414412
1012 Dakota St, Milbank, South Dakota

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1012 Dakota St
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