The company who auctioned the property said that interest was high as bidders came from states as far California and Florida and as close as Colorado and the Black Hills.
The winning bidder was a local businessman, Louis Bruer, the owner of the No Name City Campground located east of Sturgis.
Bruer told the Rapid City Journal that he has no plans to change anything at the Saloon.
The 45,000-square-foot-property included 80 cash registers, about 800 bar stools, a Sturgis liquor license and an exotic performer license that was grandfathered in after state statutes changed in 2008.
According to the report, it was unclear if the exotic performer license would be transferable to the new owner.