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Stamp Mill Restaurant Suites 305 W Main St 3,600 SF Retail Building Lead, SD 57754 $1,290,000 ($358.33/SF)
Investment Highlights
- Full-service, award-winning restaurant withexpanded kitchen on the first floor
- 3rd floor is unfinished. Basement is kitchen, storage, and office.
- Two suites on the 2nd floor with laundry
Executive Summary
The Stampmill Inn and Shot in the Dark Saloon is an award-winning (BEST American food restaurant in Lawrence County in 2025—highestGoogle rated), full-service restaurant and saloon in downtown Lead, South Dakota. On the main floor of this 10,800 sq ft building is the restaurant, saloon, 2 bathrooms and a newly expanded and remodeled kitchen in 2024. A full liquor license comes with this business, which is valued at $100,000. The full-service restaurant seats 60, and an additional 40 when the patio is open. The food trailer accommodates the expanded food and beverage demand when the high-demand patio is open. In fact, the 2023 food trailer almost doubles the kitchen capacity when open. , On the 2nd floor is the boutique Victorian inn comprised of 2, two-room suites with full baths, along with a full laundry and small kitchen. They are unique in that they have a separate entrance to the suites. The Sanford Underground Laboratory (SURF) is gearing up and has created short-term, medium-term, and long-term housing demand. The inn has been able to accommodate different housing support of the scientific researchers’ needs. The 3rd floor is wide-open for the new buyer to create their own vision. This floor has 8 rooms ready for development along with some electricity already installed.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,600 SF
Building Class
C
Year Built
1901
Price
$1,290,000
Price Per SF
$358.33
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.41
Lot Size
0.20 AC
Zoning
Commercial - General Commercial
Parking
10 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
47’ on Main St
Amenities
- Corner Lot
- Fireplace
- Restaurant
- Storage Space
Nearby Major Retailers
Property Taxes
| Parcel Number | 31090-02600-020-00 | Improvements Assessment | $685,150 |
| Land Assessment | $13,190 | Total Assessment | $698,340 |
Property Taxes
Parcel Number
31090-02600-020-00
Land Assessment
$13,190
Improvements Assessment
$685,150
Total Assessment
$698,340
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Stamp Mill Restaurant Suites | 305 W Main St
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