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Tyler Goff

REALTOR® - TEAM LEADER | Tyler Goff Group | Hegg, REALTORS Inc.

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1407 NW 2nd St , Madison, SD 57042
$450,000
Est. Payment: $2,517.17/mo
8900 Sqft
2.34 Acres
Status: active - active | Days on site: 104
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Tyler Goff
REALTOR® - TEAM LEADER

House 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.

Highlights

Listed by Justin Garry , 605-480-3418 and Jerome Garry , 507-696-7793 Hegg, REALTORS , 605-336-2100. REALTOR® Association of the Sioux Empire, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
2.34

Year Built

1975

County

Lake

Neighborhood

No Subdivision

Listing ID

22603605

Questions about this listing?

Contact Agent

Interior Features

Air Cond:Central Air
Fireplaces:
Floor:Carpet,Vinyl,Laminate

Exterior Features

Zoning:Commercial
Roof:Rubber,Tar/Gravel
Principal Interest
$2,517
Taxes
$486

Home Price

$450,000

Loan Details

30 yrs
7.5%

Down Payment

20%
$90,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,517.17

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,517.17 $485.90 $0.00 $3,003.07
Yearly $30,206.07 $5,830.76 $0.00 $36,036.83
Total $906,182.00 $174,922.80 $0.00 $1,081,104.80

Today's Rates

30 Year

7.5%

20 Year

6.56%

15 Year

6.88%

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Market insight data is pulled from the same city as the listing being viewed (Madison, SD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR® Association of the Sioux Empire, Inc., and is deemed reliable but not guaranteed accurate. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

IDX service by Blueroof 360

Data last updated: 2026-10-08T23:54:03.000Z

© 2026 REALTOR® Association of the Sioux Empire, Inc.

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