1407 NW 2nd StMadison, SD 57042

Description

Opportunity is knocking with Nicky’s Restaurant and Lounge—a well-known local destination with 50 years of history, loyal community recognition, and endless potential for its next owner. Known for great food, drinks, and gatherings, this established venue has long been a go-to spot for celebrations, meetings, events, and nights out. With more than 8,900 square feet of space, the property offers incredible flexibility and room to grow. The layout is designed to support weekly and monthly functions, private parties, banquets, community events, business meetings, or an expanded restaurant and entertainment concept. Whether you want to continue a trusted local legacy or bring a fresh new vision to the space, this property gives buyers a strong foundation with the size, visibility, and amenities to make it happen. The building includes a bar and restaurant area, full kitchen, two meeting rooms, a large banquet room, and two sets of bathrooms. The liquor license and most furniture, fixtures, and equipment are included, helping make the transition easier for the next owner. An additional lot west of the building is also available, offering even more opportunity for parking, expansion, or future development.

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

Days on market

143

MLS^® Listing#

22603605

Property Features

Cooling

Central Air

Heating

Central · Natural Gas

Flooring

Carpet · Vinyl · Laminate

Parking

Paved

Roof

Rubber · Tar/Gravel

Security

Security Lights

Other structures

Storage

Utilities

Water Available · Natural Gas Available · Sewer Connected

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.