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Sale Price
$2,490,000
Total Site Size
3.64 Acres +/-
FF&E
Included
Location Highlights
Located in northeastern South Dakota's Glacial Lakes region, Pickerel Lake is a 955-acre, spring-fed lake known for its wooded shoreline, recreational opportunities, and established lakefront residential community. The surrounding area attracts residents and visitors for boating, fishing, swimming, and seasonal recreation, with nearby Pickerel Lake Recreation Area offering campgrounds, beaches, boat ramps, and hiking trails. The property is approximately 22 miles from Webster, 55 miles from Watertown, and 66 miles from Aberdeen, providing accessibility to surrounding regional markets.
Description
- Established, year-round hospitality and recreational business offered for sale with real estate, located along Pickerel Lake in Grenville, South Dakota
- Seven-parcel offering totaling approximately 3.64 acres, including a restaurant/bar, 12-room hotel, two cabins, single-family rental, and three vacant land parcels
- 3,293 SF +/- restaurant and bar featuring multiple dining and gathering areas, bar seating, a pool table area, video lottery area, and approximately 750 SF of upper-level storage space
- Fully equipped commercial kitchen includes cooking equipment, stainless steel prep areas, commercial dishwashing equipment, exhaust hoods, and walk-in cooler and freezer
- Furnished 12-room hotel totaling approximately 5,544 SF, offering guest accommodations with a combination of standard rooms and condo-style units
- Two furnished rental cabins with kitchen facilities, living areas, bedrooms, and outdoor seating areas
- Separate single-family rental residence provides an additional accommodation option or potential space for an owner or on-site manager
- Three vacant parcels totaling approximately 1.24 acres offer opportunities to explore additional lodging, outdoor gathering areas, or complementary recreational amenities, subject to applicable approvals
- Approximately 176 feet of shoreline frontage with six docks and direct access to Pickerel Lake
- Only on-lake marine fuel service on Pickerel Lake, featuring a 2,000-gallon double-walled fuel tank, fuel pump with credit card capability, and dedicated fuel dock
- Waterfront amenities include a boat launch, fish-cleaning station, swimming area, picnic facilities, fire pits, and BBQ grills
- Two camper hookups provide additional accommodations for recreational visitors
- Restaurant and bar accommodate private gatherings and events, including family reunions, rehearsal dinners, and birthday celebrations
- Existing business licenses include on-sale and off-sale beer and wine licenses, along with on-sale and off-sale full liquor licenses
- Restaurant furniture, fixtures, and equipment (FF&E), hotel and cabin furnishings, and associated operating equipment are included in the sale
- Established year-round business operations with modified winter hours, serving lake residents, overnight guests, and recreational visitors
- Contact Broker to view a video tour
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