Skip To Content

401 N River Street

Hot Springs, SD 57747
  • $899,900
  • STATUS: Active
  • ON SITE: 109 Days
  • MLS #: 77412
UPDATED: 32 min ago
$899,900
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1902
Area:

School Ratings & Info

Description

Step into the magnificent Water, Light & Power Building, which stands as the largest and most exceptional historic sandstone building up for sale in Hot Springs. With its prime location on N River Street, this building promises to attract a steady flow of retail traffic, making it an ideal investment opportunity. The property boasts an incredible 10,395 square feet, which includes a 1,358 square feet retail space that currently operates as a salon and spa, a stunning 2-bedroom loft apartment above the salon, and two enormous garages on either side. The north-side garage spans 3,186 square feet and features a 26x20 loading dock, while the south-side garage encompasses 3,780 square feet and includes a basement of approximately 713 square feet that's ideal for storage. The building underwent a complete overhaul in 2021, with new electrical and plumbing systems, flooring, paint, fixtures, and even LED high-efficiency lights. It's rare to find a historic building that's been so extensively updated! Construction is set to begin in April/May 2023 to install a new roof on the north-side garage and make full repairs to the rest of the building's roofs, along with the addition of a brand-new awning. The parking lot has plenty of spaces, and the location offers a fantastic view, making it an attractive investment opportunity with endless possibilities. Additionally, one of the owners is a licensed broker associate and the listing agent. Resa Rutz C21 Stevens & Assoc 605-891-1298

Monthly Payment Calculator



© 2023 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Engel & Voelkers Black Hills LLC. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Voelkers Black Hills LLC are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2023-11-29T22:44:43.98.
www.rapidcityhomes4sale.com/homes/142344584
Print Image

401 N River Street Hot Springs, SD 57747

  • Price: $899,900
  • Status: Active
  • On Site: 109 Days
  • Updated: 32 min ago
  • MLS #: 77412
0
Beds
0
Baths
0
½ Baths
0.46
Acres
1902
Built
Neighborhood:
Hot Springs
Area:
Hot Springs
Property Description
Step into the magnificent Water, Light & Power Building, which stands as the largest and most exceptional historic sandstone building up for sale in Hot Springs. With its prime location on N River Street, this building promises to attract a steady flow of retail traffic, making it an ideal investment opportunity. The property boasts an incredible 10,395 square feet, which includes a 1,358 square feet retail space that currently operates as a salon and spa, a stunning 2-bedroom loft apartment above the salon, and two enormous garages on either side. The north-side garage spans 3,186 square feet and features a 26x20 loading dock, while the south-side garage encompasses 3,780 square feet and includes a basement of approximately 713 square feet that's ideal for storage. The building underwent a complete overhaul in 2021, with new electrical and plumbing systems, flooring, paint, fixtures, and even LED high-efficiency lights. It's rare to find a historic building that's been so extensively updated! Construction is set to begin in April/May 2023 to install a new roof on the north-side garage and make full repairs to the rest of the building's roofs, along with the addition of a brand-new awning. The parking lot has plenty of spaces, and the location offers a fantastic view, making it an attractive investment opportunity with endless possibilities. Additionally, one of the owners is a licensed broker associate and the listing agent. Resa Rutz C21 Stevens & Assoc 605-891-1298
Exterior Features

Construction BrickConcreteMetal Frame Lot Description View Lot Lot Size .46 Parking Parking GarageParking LotStreet Parking Parking Spaces man Road Surface BlacktopConcrete

Interior Features

Approx Building Sq Ft 10395 Basement Substructure Partial BasementStone Foundation Cooling Refrig. C/Air Heating PropaneCove

Property Features

Access EasementPrivate Auction YN No Commercial Property Type CI Land w/Building Extras Hi-Traffic LocationHigh VisibilityKitchen AreaLaundryLoading DockLiving QuartersRestroomsViewWindow Coverings Flood Plainy NU Unknown For Sale Or Rent For Sale Number Of Building Levels 2 Occupant Long Term TenantOwnerShort TermVacant Owner Non Compete No Possession ImmediateNegotiableSubject to Tenant Short Sale No Subdivision YN No Terms CashNew Loan Type Lot Other Utilities Sewer City (At Site)

[Mount Rushmore Area Association of Realtors] logoListing information © 2023 Mount Rushmore Area Association of REALTORS®., Inc
Listing provided courtesy of Resa Rutz of Century 21 Stevens & Associates: 605-745-5141.



© 2023 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Engel & Voelkers Black Hills LLC. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Voelkers Black Hills LLC are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Data last updated: 2023-11-29T22:44:43.98.
 
https://bt-photos.global.ssl.fastly.net/mtrushmore/1280_boomver_1_77412-2.jpg https://bt-photos.global.ssl.fastly.net/mtrushmore/1280_boomver_1_77412-2.jpg https://bt-photos.global.ssl.fastly.net/mtrushmore/1280_boomver_1_77412-2.jpg
Logo
Engel & Voelkers Black Hills LLC
519 Main Street
Rapid City SD, 57701