1007 S Dakota St - Freestanding FOR SALE


Milbank, SD 57252 | 
$850,000 USD
605-228-9744
1007 S Dakota St, Milbank, SD for Sale
$850,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

1007 S Dakota St
Milbank, SD 57252


HIGHLIGHTS

  • Sale includes real estate, operating business, equipment, FF&E, and vehicles.
  • Established meat processing and retail operation with recurring customer volume.
  • Facility improvements include steel roof replacement and upgraded refrigeration systems.
  • Retail storefront provides an additional revenue stream alongside processing operations.
  • Located near the intersection of U.S. Highway 12 and SD Highway 15.
  • Building signage and monument signage are already in place.

OVERVIEW

1007 S Dakota Street presents an opportunity to acquire both a fully operational meat processing and retail business and the underlying real estate in Milbank, South Dakota. Operating as Ol’ Mill Meats, the business has been under the current ownership since 2005 and has developed an established customer base supported by recurring processing volume and a complementary retail operation. The offering includes the real estate, business assets, furniture, fixtures and equipment, and vehicles, providing a turnkey acquisition opportunity for an owner-operator or investor seeking an established food-processing enterprise. The facility has benefited from ongoing capital improvements, including a full steel roof replacement, relocation of rooftop compressors, a replacement compressor installed in 2024, and a mini-split cutting room added in 2025. Included equipment supports both processing and retail operations, with refrigeration systems, processing machinery, scales, security systems, signage, and transportation assets conveying with the sale. The business currently schedules approximately 12 to 14 beef per week and maintains recurring annual processing volume, while retail sales contribute a significant portion of overall revenue. Milbank serves as the county seat of Grant County and is positioned at the intersection of U.S. Highway 12 and South Dakota Highway 15, providing regional connectivity and access to Interstate 29 approximately 30 miles west. The area's agricultural economy, anchored by employers such as Valley Queen Cheese Factory, supports livestock production and related food-processing activity. Nearby commercial businesses, lodging, and service providers contribute to the property's accessibility and established operating environment, while continued investment and development within the community support long-term business activity.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

26.60.04.08D

ASK ABOUT THIS PROPERTY

Marcus MahlenNAI Sioux FallsMore Info
605-228-9744

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Marcus MahlenNAI Sioux FallsMore Info
605-228-9744

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.