500 Main St - Restaurant FOR SALE


Webster, SD 57274
$497,500 USD
605-229-9888
500 Main St, Webster, SD for Sale
$497,500 USD
Restaurant - FOR SALE
1/15
null | 9.46% Cap Rate

500 Main St
Webster, SD 57274


HIGHLIGHTS

  • Full Kitchen and Cold Storage
  • Corner Location on Main St

OVERVIEW

Historic Building & Turnkey Steakhouse/Lounge for Sale in Northeast South Dakota’s Glacial Lakes Region Continue the legacy of The New Frontier Steakhouse and Lounge, a well-established destination for quality entrees, gatherings, and hospitality in the heart of Northeast South Dakota’s Glacial Lakes area. Known by locals and visitors alike for its welcoming, family-friendly atmosphere, this updated and profitable turnkey restaurant and lounge offers a rare opportunity for new owners to step into a proven business with consistent growth and strong community support. Business Highlights • Fully operational, turnkey restaurant and lounge with consistent growth • Operations supplies, inventory, food, and alcohol included • Coveted liquor license in Webster City • Seating capacity for up to 64 guests • Corner-lot location with ample parking and easy entrance access • Year-round visitor traffic supported by consistent local patronage • Strong record of compliance with state regulations and safety requirements Building & Equipment The historic building was extensively renovated in 2021, combining character with important modern upgrades. Improvements include a new rubber roof, electrical panel, plumbing, sidewalk, water heaters, storage addition, and other key updates. The remodeled interior is designed for efficient restaurant and lounge operations and includes: • New tables and chairs • Prep cooler and prep tables • Beer cooler and kegerator • Freezers and refrigerator • Storage shelving Location & Community Located in a thriving Northeast South Dakota community, the restaurant benefits from convenient access near two major highways and steady exposure to both residents and travelers. The surrounding area offers a strong mix of amenities, including hotels, multiple gas stations, a pharmacy, grocery store, rental properties, three major bank branches, a Dollar Store, lumber yards, boutiques, and more. Perfectly positioned near several Glacial Lakes known for premium fishing and hunting, this location draws year-round traffic from locals, regional visitors, hunters, anglers, vacationers, and pass-through travelers. Investment Opportunity This offering is well suited for an owner-operator or investor seeking an established restaurant and lounge with updated facilities, immediate operating potential, strong local recognition, and room for continued growth. Financial information is available with a signed NDA. For details, contact Charlotte at 605-229-9888.

FOR SALE DETAILS

PRICE

$497,500 USD

PRICE/SF

$270 USD /SF

CAP RATE

9.46%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The New Frontier

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.01 AC

LAND SF

228 SF

ZONING

C

APN/PARCEL ID

78.01.0407

ASK ABOUT THIS PROPERTY

Charlotte AndresReferral RealtyMore Info
605-229-9888

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Charlotte AndresReferral RealtyMore Info
605-229-9888

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