Searching ...

Prime Commercial Building & Established Restaurant Business for Sale in Madison, SD! Own both the real estate and the business with this turnkey sports bar and grill located on highly visible Egan Avenue in Madison, SD. This exceptional opportunity includes the commercial building, liquor license, and most furniture, fixtures, and equipment, making it ready for its next owner. The property features a full commercial kitchen, spacious dining area, and a welcoming recreation space complete with dart boards, a pool table, comfortable lounge seating, and a dedicated video lottery room. A large basement offers abundant storage or future expansion potential, while a private office provides space for daily operations and management. Whether you're looking to continue operating a successful sports bar and grill or bring your own vision to the space, this property offers outstanding potential in a prime location. Seller financing is available for qualified buyers.

Highlights

  • Commercial Sale
  • Business
  • Built in 1962
  • 0.3375 Acre Lot
  • 104 days on Market

  • Year Built
    1962
  • Parking Features
    Paved
  • Living Area
    6800.0
  • Flooring
    Laminate, Carpet
  • Security Features
    Security System
  • Cooling
    Central Air
  • Heating
    Natural Gas, Central

  • Acres
    0.3375
  • Utilities
    Water Available, Natural Gas Available, Sewer Connected

  • County
    Lake
  • City
    Madison
  • Neighborhood
    No Subdivision
  • Zip Code
    57042

Ask a Question

What's your home worth?

Calculate your current home value within seconds.

Frequently Asked Questions

How do I schedule a tour of 203 N Egan Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 203 N Egan Ave.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 203 N Egan Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $449,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Madison, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 203 N Egan Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 203 N Egan Ave at around $3,128. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 203 N Egan Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Lake County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 203 N Egan Ave?

In most cases, yes. Whether 203 N Egan Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Madison's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 203 N Egan Ave?

We can handle that for you. Our preferred local agent specializes in commercial sales in Madison and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $449,000 with 6,800 sqft of space—that comes out to approximately $66 per square foot.

How long has this property been on the market?

203 N Egan Ave was listed on July 31, 2026, which means it's been on the market for 104 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1962, making it approximately 64 years old.

What is the lot size of this property?

203 N Egan Ave sits on a 0.34-acre lot, which is 14,810 square feet.

What are the property taxes for 203 N Egan Ave?

The most recent public record shows annual property taxes for 203 N Egan Ave were approximately $6,872. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 203 N Egan Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

Popular Home Searches in Madison, SD


Search Nearby Cities


Search Nearby Counties


Search Nearby Postal Codes

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of REALTOR® Association of the Sioux Empire, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright © 2026 REALTOR® Association of the Sioux Empire, Inc. All rights reserved.

Last Updated: November 12, 2026 at 05:13PM | Source: REALTOR Association of the Sioux Empire | MLS#: 22605796