1407 NW 2nd St Madison, SD 57042
Madison AreaEstimated payment $2,955/month
Highlights
- 2.34 Acre Lot
- Carpet
- 1-Story Property
- Central Heating
About This Home
Nicky's Restaurant and Lounge is looking for a new owner! For 50 years this place has been the local spot for great food, great drinks, & the best spot in town for hosting large gatherings with meeting rooms to accommodate any size party!
This venue help weekly and monthly functions and has the capacity to expand! With over 8900 sq ft of space there is room for just about anything!
If you're looking to continue the legacy or reinvent the space to something new check this place out!
The building includes the bar/restaurant space, full kitchen, two meeting rooms, large banquet room and two sets of bathrooms. Liquor license and most FFE included! There is also additional lot west of building that is also available.
Property Details
Property Type
- Other
Est. Annual Taxes
- $5,831
Year Built
- Built in 1975
Lot Details
- 2.34 Acre Lot
- Property is zoned Commercial
Home Design
- Rubber Roof
Interior Spaces
- 8,900 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Laminate
- Vinyl
Additional Features
- Exterior Lighting
- Central Heating
Community Details
- Nicky's Resturant Condos
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,984 | $338,600 | $134,500 | $204,100 |
| 2024 | $5,755 | $338,600 | $134,500 | $204,100 |
| 2023 | $5,822 | $331,100 | $127,000 | $204,100 |
| 2022 | $7,004 | $305,700 | $101,600 | $204,100 |
| 2021 | $6,737 | $305,700 | $101,600 | $204,100 |
| 2020 | $5,975 | $305,700 | $101,600 | $204,100 |
| 2019 | $5,957 | $262,200 | $84,700 | $177,500 |
| 2018 | $6,094 | $262,200 | $84,700 | $177,500 |
| 2017 | $6,094 | $262,200 | $84,700 | $177,500 |
| 2016 | -- | $262,200 | $84,700 | $177,500 |
| 2013 | -- | $262,200 | $84,700 | $177,500 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/21/2026 08/21/26 | Price Changed | $450,000 | -25.0% | $51 / Sq Ft |
| 05/21/2026 05/21/26 | For Sale | $599,900 | -- | $67 / Sq Ft |
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22603605
APN: 21997-05000-030-20
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Information is deemed reliable but not guaranteed.
Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.
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Ask me questions while you tour the home.