Call Us Today: 605-753-6000

$249,900
123 CALUMET AVENUE SE
De Smet, SD 57231
MLS# 42-103
6000 sqft


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Property Description
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.

Details
Maps
Contract Information
Sale/Lease: Sale
Record Number: 5529
Terms: Cash at closing
Sign: Yes
Possession: upon closing
City/Rural: City
Book Section: Commercial
Begin Date: 2026-05-22
List Price: $249,900
Current Price: $249,900
General Property Description
Realtor.COM Type: Commercial
Number of Units: 4 Upstairs rentals
Property Name: Klinkel's III Bar &
Total SqFt.: 6000
Year Built: 1890
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
Taxes: 2913.34
Tax Year: 2025
Legal: N5' 10'' OF E88' OF LOT 9 & ALL LOT 10 & 11 BLOCK 1 ORIGINAL PLAT
Zoning: Commercial
Utilities
Sewer: City
Water: Public
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: Active
Status Change Date: 2026-05-22
Property Features

Listing Office: ZENITH PROPERTIES

Last Updated: May - 22 - 2026

Information deemed reliable but not guaranteed.