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505 N River St

Hot Springs, SD 57747
  • $689,000
  • STATUS: Active
  • ON SITE: 111 Days
  • MLS #: 170204
UPDATED: 39 min ago
$689,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Description

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. Built in 1910 and originally known as the Medical Block Building, the building offers 6320 sf of commercial space with 3 retail/office store front suites on the main level and an upper level with 3 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 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. 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)

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© 2024 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. 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. Data last updated: 2024-12-10T21:17:12.043.
www.rapidcityhomes4sale.com/homes/153866587
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505 N River St Hot Springs, SD 57747

  • Price: $689,000
  • Status: Active
  • On Site: 111 Days
  • Updated: 39 min ago
  • MLS #: 170204
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1910
Built
Neighborhood:
No Subdivision
County:
Fall River
Area:
Southern Hills
Property Description
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. Built in 1910 and originally known as the Medical Block Building, the building offers 6320 sf of commercial space with 3 retail/office store front suites on the main level and an upper level with 3 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 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. 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)
Exterior Features

Construction Concrete BlockFrame Entrance More than 1 per Apt Lot Size 0.16 acre Lot Type Interior Parking Street Roofing Other Style 2 StorySide/SideUp & Down View CityHillsTrees

Interior Features

Cooling CentralOther Foundation Basement Heating ElectricPropane

Property Features

Auction YN No Documents On File Other Features Balcony/DeckFurnishedUnfinished Basement Includes DryerRange/OvenRefrigeratorWasher Miscellaneous Master Meters Multifamily Type Other Possession Subject to Tenant Safety Features Other Sewer City Tenancy Type Multiple Vacancy Rate 0 - 5% Water City Will Sell CashCash to Loan Zoning Conforming

© 2024 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Cathy Mosset of HEARTLAND REAL ESTATE: 605-745-6772.


© 2024 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. 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. Data last updated: 2024-12-10T21:17:12.043.
 
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Engel & Voelkers Black Hills LLC
517 Main Street
Rapid City SD, 57701