123 CALUMET AVENUE SE, De Smet, SD 57231
$249,900
Property Type:
Commercial
Square Footage:
6,000
Status:
Active
Current Price:
$249,900
List Date:
5/22/2026
Last Modified:
5/27/2026
Listing Details MLS# 42-103
Contract Information
- Sale/Lease
- Sale
- Book Section
- Commercial
- Record Number
- 5529
- Begin Date
- 2026-05-22
- Terms
- Cash at closing
- Sign
- Yes
- Possession
- upon closing
- City/Rural
- City
General Property Description
- Total SqFt.
- 6000
- Year Built
- 1904
- Realtor.COM Type
- Commercial
- Number of Units
- 4 Upstairs rentals
- Property Name
- Klinkel's III Bar &
Remarks
- Public Remarks
- Unique downtown De Smet commercial opportunity featuring an operating bar & restaurant with multiple income-producing residential units above. This historic multi-use property offers a fully functioning bar/lounge setup with spacious dining areas, commercial kitchen, large event/social space, and established street-front presence in the heart of town. The main level includes a bar area, restaurant seating, commercial cooking line with hood system, prep and storage areas, and a large open gathering space ideal for events, live music, gaming, or expanded dining. Existing business operation provides immediate potential for continued use or future redevelopment concepts. Upstairs features four separate apartment/living spaces with multiple bedroom configurations, shared and private living areas, kitchens, bathrooms, and laundry access -- offering flexibility for rental income, employee housing, owner occupancy, Airbnb potential, or long-term tenants. Property showcases classic historic character with stone exterior, prominent downtown frontage, and strong visibility. Endless possibilities for investors, entrepreneurs, hospitality operators, or those seeking a live/work commercial property in a thriving small-town community. Sale includes building and existing commercial setup. Square footage and room dimensions to be verified by buyer.
Location Tax and Other Information
- House Number
- 123
- Street Name
- CALUMET
- Street Suffix
- AVENUE
- Street Direction Sfx
- SE
- State/Province
- SD
- Postal Code
- 57231
- County
- Kingsbury
Status Change Info
- Status Change Date
- 2026-05-22
Utilities
- Sewer
- City
- Water
- Public
More Information
Location, Tax and Other Information
- Taxes
- 2913.34
- Tax Year
- 2025
- Legal
- N5' 10'' OF E88' OF LOT 9 & ALL LOT 10 & 11 BLOCK 1 ORIGINAL PLAT
- Zoning
- Commercial
Listing Office:
ZENITH PROPERTIES
Last Updated: May - 27 - 2026
Information deemed reliable but not guaranteed.