Historic Downtown Building in Gayville, South Dakota

This unique mixed-use property featuring the well-known Gayville Music Hall and a spacious two-bedroom apartment could be yours! Live and work in the same location or continue operating the established music venue & rent the apartment for additional income. Over 7,300 Sq. Ft. of usable space! Apartment Details: The rear apartment offers a rustic Black Hills spruce interior with cabin-style charm, featuring a large kitchen, living room, two bedrooms, full bath, and utility room with washer/dryer. Currently rented at $750/month plus utilities, with the lease converting to month-to-month after August 31, 2026. Utilities are separately metered from the commercial space. Music Hall Details: The commercial portion is home to the historic Gayville Music Hall, operating since 2001 with 25 seasons and nearly 300 live shows. Venue averages 60-120 attendees per performance and includes an established fan base with strong income potential. Along with the purchase, several business assets and contents CAN be included, if desired: Stage, sound & lighting equipment, 160+ chairs, multiple tables, booths, couches, display cases, concession stand, antiques, artwork, décor & more! If you have other plans for the building, the contents will be emptied. This historic building, originally the Bagstad & Aaseth Building, dates back to the 1870s and was originally home to Gayville's longtime grocery store and post office. Rich local history and endless possibilities for entertainment, retail, event space, restaurant, studio, or mixed-use redevelopment. Gayville is located just minutes from both Yankton & Vermillion; and an easy drive from Sioux City and Sioux Falls! Attend one of the upcoming shows this summer to see for yourself how popular this venue is and could continue to be!