1407 NW 2nd St, Madison, SD 57042
No Subdivision · Lake County
Key Facts
Description
Nicky's Restaurant and Lounge is looking for a new owner! For 50 years this place has been the local spot for great food, great drinks, & the best spot in town for hosting large gatherings with meeting rooms to accommodate any size party! This venue help weekly and monthly functions and has the capacity to expand! With over 8900 sq ft of space there is room for just about anything! If you're looking to continue the legacy or reinvent the space to something new check this place out! The building includes the bar/restaurant space, full kitchen, two meeting rooms, large banquet room and two sets of bathrooms. Liquor license and most FFE included! There is also additional lot west of building that is also available.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1975
Living Area
8,900 sq ft
Lot Size
2.34 acres
Zoning
Commercial
MLS® Listing#
22603605
Property Features
Cooling
Heating
Flooring
Parking
Roof
Security
Other Structures
Utilities
Financial Details
Annual Taxes
$5,831
Parcel Number
21997-05000-030-20 & 21997-05000-060-25
Directions
From Hwy 34 & Hwy 81 corner, West on Hwy 81 (2nd St), property on the South side of the road.
Affordability Calculator
$119,980
Estimated monthly payment
$3,193/mo
Principal $479,920 · Est. interest $669,531 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Madison, SD
- $350,000
- Median Listing Price
- 90
- Median Days on Market
- 1,814
- Median Sq Ft
- $181
- Median Price / Sq Ft
- 37
- Active Listings
- This home’s price is 71% above the area median.
- Its price per sq ft is 63% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Madison, SD.
Location
Map is currently unavailable for this location.
Points of Interest in Madison, SD
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1127 Cyber Ct, Madison, SD | $436,500 | 4 | 3 | 1,814 |
| 1025 Heritage Dr, Madison, SD | $469,900 | 3 | 3 | 2,612 |
| 915 Jennifer St, Madison, SD | $525,000 | 4 | 3 | 3,216 |
| 815 Heatherwood Ave, Madison, SD | $550,000 | 3 | 3 | 1,840 |
| 823 Harter Dr, Madison, SD | $599,000 | 3 | 2 | 1,906 |
| 316 Best Point Dr, Madison, SD | $599,900 | 3 | 1 | 1,050 |
Moving Cost Estimate
EXIT Agents in Madison
Listing Courtesy: Hegg, REALTORS
Last Updated: 2026-05-21