# 123 SW 1st St, Madison, SD 57042

> **TL;DR:** commercial, $378,500 ($147/sqft), built 1914, 2,568 sqft.
> A/C. Est. $1,640/mo. Listed 122 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $378,500 |
| Price/sqft | $147 |
| Square Feet | 2,568 |
| Year Built | 1914 |
| Lot Size | 2,718 sqft (0.06 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 122 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,640 |
| **Total** | **$1,640** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1914
- 0.06 acre lot

## Description

### Agent Description
Don't miss this rare opportunity to own a well-established bar and restaurant with a strong track record of profitability in one of the area's fastest-growing communities. Located just minutes from a rapidly expanding college campus, this popular spot draws steady traffic from students, locals, and visitors year-round. The business offers a winning combination of great food, lively entertainment, and a welcoming atmosphere making it a favorite gathering place for everything from game-day celebrations to weekend nights out. With a reputation for good times and consistent service, it's perfectly positioned for continued success as the surrounding population and college enrollment keep rising. Whether you're an experienced operator looking to expand or an investor seeking a profitable, ready-to-run business, this property offers excellent potential and long-term growth. Step into ownership of a proven community favorite today.

## Location

- **Address:** 123 SW 1st St, Madison, SD 57042
- **County:** Lake
- **Neighborhood:** Temporary Check Back
- **Coordinates:** 44.003716, -97.115212
- **Google Maps:** https://www.google.com/maps?q=44.003716,-97.115212

## Listing Agent

- **Name:** Adam Foland
- **Brokerage:** EXIT Realty Advantage
- **Phone:** (605) 270-2598
- **Email:** adamsellsmore@gmail.com

## Primary Photo

![123 SW 1st St - Primary Photo](http://lh.rdcpix.com/96918a0c8fd410aae90292b5b8be4b99l-f2175015093r.jpg)

*27 total photos available on [listing page](https://www.propertysimple.com/listing/123-sw-1st-st-madison-sd-57042-22509057)*

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**MLS#:** 22509057 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/123-sw-1st-st-madison-sd-57042-22509057)

---

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