305 W Main St - Restaurant FOR SALE


Lead, SD 57754
$1,290,000 USD
605-920-1084
305 W Main St, Lead, SD for Sale
$1,290,000 USD
Restaurant - FOR SALE
1/40
null | Request Cap Rate

305 W Main St
Lead, SD 57754


HIGHLIGHTS

  • Full-service, award-winning restaurant withexpanded kitchen on the first floor
  • Two suites on the 2nd floor with laundry
  • 3rd floor is unfinished. Basement is kitchen, storage, and office.

OVERVIEW

The Stampmill Inn and Shot in the Dark Saloon is an award-winning (BEST American food restaurant in Lawrence County in 2025—highestGoogle rated), full-service restaurant and saloon in downtown Lead, South Dakota. On the main floor of this 10,800 sq ft building is the restaurant, saloon, 2 bathrooms and a newly expanded and remodeled kitchen in 2024. A full liquor license comes with this business, which is valued at $100,000. The full-service restaurant seats 60, and an additional 40 when the patio is open. The food trailer accommodates the expanded food and beverage demand when the high-demand patio is open. In fact, the 2023 food trailer almost doubles the kitchen capacity when open. , On the 2nd floor is the boutique Victorian inn comprised of 2, two-room suites with full baths, along with a full laundry and small kitchen. They are unique in that they have a separate entrance to the suites. The Sanford Underground Laboratory (SURF) is gearing up and has created short-term, medium-term, and long-term housing demand. The inn has been able to accommodate different housing support of the scientific researchers’ needs. The 3rd floor is wide-open for the new buyer to create their own vision. This floor has 8 rooms ready for development along with some electricity already installed.

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$358 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Stamp Mill Restaurant Suites

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

Commercial

APN/PARCEL ID

31090-02600-020-00

ASK ABOUT THIS PROPERTY

Christle BeuckensHegg Realtors IncMore Info
605-920-1084

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Christle BeuckensHegg Realtors IncMore Info
605-920-1084

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