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505 N River Street

Hot Springs, SD 57747
  • $689,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 80764
UPDATED: 126 min ago
$689,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
Area:

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, 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

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© 2024 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: 2024-07-24T10:45:02.49.
www.rapidcityhomes4sale.com/homes/152061983
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505 N River Street Hot Springs, SD 57747

  • Price: $689,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 126 min ago
  • MLS #: 80764
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1910
Built
Neighborhood:
Hot Springs
Area:
Hot Springs
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, 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
Exterior Features

Construction Frame Lot Size .16 Parking Street Parking Road Surface Concrete Topography Level

Interior Features

Approx Building Sq Ft 6320 Basement Substructure Partial BasementUnfinished Cooling Window Evap.Refrig. C/Air Heating ElectricPropaneForced Air

Property Features

Auction YN No Commercial Property Type Business/Land/Building(s) Documents On File Profit/Loss Statement Extras FurnishedHi-Traffic LocationHigh VisibilityKitchen AreaLaundry For Sale Or Rent For Sale Lease Renewable Yes Number Of Building Levels 2 Occupant Short Term Owner Finance YN No Short Sale No Subdivision YN No Terms CashCash to Loan Type Lot Other Utilities Sewer City (At Site)

[Mount Rushmore Area Association of Realtors] logoListing information © 2024 Mount Rushmore Area Association of REALTORS®., Inc
Listing provided courtesy of Cathy Mosset of Heartland Real Estate: 605-745-6772.



© 2024 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: 2024-07-24T10:45:02.49.
 
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Engel & Voelkers Black Hills LLC
517 Main Street
Rapid City SD, 57701