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Hot Springs, SD 57747 505 N River Street

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Presented By: Heartland Real Estate
  • MLS# 80764
  • 06/26/2024
  • Request Tour
  • Request Info
  • SQFT • 6,320

Home Details

INVESTMENT OPPORTUNITY. With this acquisition, you will be able to step into an existing income producing property located in the downtown Historic District of Hot Springs, South Dakota. Built in 1910 and originally known as the Medical Block Building, the building offers 6320 sf of commercial space with three retail/office store front suites on the main level and an upper level with three vacation rental apartments. The building has recently undergone an update throughout offering modern amenities. The location of this property is within walking distance from many of local restaurants, waterfall, river front walking path and many of the local attractions. North River Street is in its final phase of a street road reconstruction project which includes a new road, new sidewalks, new street lighting, updating city infra structure and includes the installation of a new cantilevered walkway along Fall River which flows through downtown. Main level office spaces fully occupied and have steady business and the vacation rental business books regularly and booking calendar will transfer to the new owner. (See VRBO - this platform provides excellent additional information on the amenities of these vacation rentals). The nightly vacation rental business could easily convert into monthly or yearly apartment rentals if new owner so chose. For more information and to schedule a private tour please give Listing Agent, Cathy Mosset, Heartland Real Estate a call at t605-890-1066
Presented By: Heartland Real Estate

Interior Features for 505 N River Street

Other Interior Features

BasementPartial Basement, Unfinished

General for 505 N River Street

Agent First NameCathy
Agent Last NameMosset
AreaHot Springs
Auction Y/NNo
CityHot Springs
ClassCOMMERCIAL/INDUSTRIAL
ConstructionFrame
CoolingWindow Evap., Refrig. C/Air
CovenantsNo
DirectionsLocated on Historic North River Street in Downtown Hot Springs South Dakota
Docs on FileProfit/Loss Statement
ExtrasFurnished, Hi-Traffic Location, High Visibility, Kitchen Area, Laundry
HeatingElectric, Propane, Forced Air
Listing Agent938
ParkingStreet Parking
Sale/RentFor Sale
Short SaleNo
StatusActive
StatusACTIVE
Status Detail0
TermsCash, Cash to Loan
TopographyLevel
TypeBusiness/Land/Building(s)
Year Built1910
current useOther

Exterior for 505 N River Street

Frontage50 ft
Lot Size Area0.17
Road SurfaceConcrete

Additional Details

Price History

Jerilyn Suridis

Broker Associate
Price $625,000
MLS#80764
List Date 06/26/2024
Property Type Commercial
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