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Entrance to Spearfish Canyon

 

 

MLS#124457  $306,900.00  Motivated Seller!

AT ENTRANCE TO SPEARFISH CANYON!

This property is truly a diamond in the rough.  It was built in the late 1950's and was used over the years as a restaurant property.  It has had a few names such as the VFW, Screamin' Elrods, The Chop House and Whisky Bar, etc. and is the last property on the right before your enter Spearfish Canyon from the City of Spearfish.  The building has been uninhabited for a while and will need some work.  A plan has been worked out with the City of Spearfish for improving the property including a plan to deal with FEMA requirements.  The property was listed right before the 2015 Sturgis Rally and has been reduced to $332,500.  The price includes land of just under 1/2 of an acre in size, an additional 50' easement to the rear owned by the City of Spearfish, 2,100 SF of main floor built over an additional 1,500 SF of lower level, all furniture, fixtures and equipment.

If you are looking for that one of a kind and very special property that combines a challenge and application of your skills to own and operate a restaurant, this sleeper property is waiting for you!

Call or TEXT Phil today at 605-390-8868 or email Phil at phil.olsen@midco.net for your personal showing and make this yours! Please visit our search friendly web site at www.olsenrealestate.com for more information.