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The New Frontier 500 Main St 1,840 SF 100% Leased Retail Building Webster, SD 57274 $497,500 ($270.38/SF) 15.00% Cap Rate
Investment Highlights
- Full Kitchen and Cold Storage
- Corner Location on Main St
Executive Summary
Continue the legacy of The New Frontier Steakhouse and Lounge, a well-established destination for quality entrees, gatherings, and hospitality in the heart of Northeast South Dakota’s Glacial Lakes area. Known by locals and visitors alike for its welcoming, family-friendly atmosphere, this updated and profitable turnkey restaurant and lounge offers a rare opportunity for new owners to step into a proven business with consistent growth and strong community support.
Business Highlights
• Fully operational, turnkey restaurant and lounge with consistent growth
• Operations supplies, inventory, food, and alcohol included
• Coveted liquor license in Webster City
• Seating capacity for up to 64 guests
• Corner-lot location with ample parking and easy entrance access
• Year-round visitor traffic supported by consistent local patronage
• Strong record of compliance with state regulations and safety requirements
Building & Equipment
The historic building was extensively renovated in 2021, combining character with important modern upgrades. Improvements include a new rubber roof, electrical panel, plumbing, sidewalk, water heaters, storage addition, and other key updates. The remodeled interior is designed for efficient restaurant and lounge operations and includes:
• New tables and chairs
• Prep cooler and prep tables
• Beer cooler and kegerator
• Freezers and refrigerator
• Storage shelving
Location & Community
Located in a thriving Northeast South Dakota community, the restaurant benefits from convenient access near two major highways and steady exposure to both residents and travelers. The surrounding area offers a strong mix of amenities, including hotels, multiple gas stations, a pharmacy, grocery store, rental properties, three major bank branches, a Dollar Store, lumber yards, boutiques, and more.
Perfectly positioned near several Glacial Lakes known for premium fishing and hunting, this location draws year-round traffic from locals, regional visitors, hunters, anglers, vacationers, and pass-through travelers.
Investment Opportunity
This offering is well suited for an owner-operator or investor seeking an established restaurant and lounge with updated facilities, immediate operating potential, strong local recognition, and room for continued growth.
Financial information is available with a signed NDA. For details, contact Charlotte at 605-229-9888.
Property Facts
About 500 MAIN ST , WEBSTER, SD 57274
Building and Business For Sale Restaurant & Lounge Opportunity – Northeast South Dakota The well-established, profitable, turnkey restaurant and lounge, located in one of Northeast South Dakota’s fastest-growing hunting and fishing communities. Historic, established and ready for the next level! Current hours of 21 hours per week, increased hours to include lunch menu could potentially reduce the cap rate to 5% or less. The New Frontier Steak house is known for its welcoming and family-friendly atmosphere, this business has built a loyal customer base and a strong reputation over the past five years. Business Highlights • Fully operational, turnkey business with consistent growth • All inventory included: food, alcohol, soda, and supplies • Seating capacity for up to 64 guests • Corner lot with plenty of parking, as well as additional adjacent parking lot Building & Equipment The entire building was renovated in 2021; major updates are new rubber roof, electrical panel, plumbing, sidewalk, water heaters, storage addition, and many other updates. Complete interior remodel including: • New tables and chairs (Spring 2025) • Prep cooler (spring 2025) and prep tables • Beer cooler (2025) and kegerator (2025) • Freezers (2021, 2020, 2023) and refrigerator (2020) • Storage shelving (2021 & 2022) • Hot water heater (2024 & 2025) Location & Community- The restaurant is in a thriving small-town hub that supports both local and visitor traffic, with two major highways. The community includes hotels, multiple gas stations, a pharmacy, grocery store, numerous rentals, three major bank branches, a Dollar Store, lumber yards, boutiques, and many others. The town is centrally located between Aberdeen and Watertown, providing steady regional exposure. This is an ideal opportunity for an owner-operator or investor seeking a proven business with strong local support and future growth potential.
Property Taxes
| Parcel Number | 78.01.0407 | Improvements Assessment | $76,904 |
| Land Assessment | $4,129 | Total Assessment | $81,033 |
Property Taxes
Presented by
Referral Realty
The New Frontier | 500 Main St
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